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Portable Party table keeps food at safe temperatures table for for homeowners, caterers There are currently no reviews for this Innovation.
| Portable Party table
keeps food at safe temperatures table for for homeowners, caterers |
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This convenient portable 2 in 1 table will safely keep your foods hot or cold, it keeps guests safe from spills, and eliminates clutter of using many other food storage containers. |
 Annual Sales Forecast for USA * | Innovation Status |
Idea |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
Development
Status |
Proprietary
Protection Status |
Concept
Score |
| Ultra Low |
$5 |
$620,000 |
$3.7 M |
1 of 5
In Development
|
2 of 5
Patent Pending
|
52 29 is
Average
|
| Low Support |
$7.3 M |
$19.0 M |
$38.2 M |
| Medium Support |
$63.5 M |
$132.4 M |
$233.8 M |
| High Support |
$173.4 M |
$361.5 M |
$616.3 M |
Remaining Time & Cost to First Sale |
| Ultra High |
$328.3 M |
$668.8 M |
$1.1 B |
6 mos-1 yr
|
$100k-$1M
|
Portable Party table
- keeps food at safe temperatures table for for homeowners, caterers
Final Decision Maker: Homeowners and caterers
Become the company to manufacture the Portable Party Table - the only two-in-one fold-up table that keeps hot foods heated and cold foods chilled. The patent pending Portable Party Table offers convenience and versatility in picnicking, catering and beyond. Plug an extension cord into the attached electrical strip for heat on either side, or fill one or both sides up with ice to chill food and drinks. In addition, the table can also hold condiments, paper products, and utensils. Cords plugged into the attached electrical strip are secured safely on the table legs with velcro straps. The raised edge/lip around the top of the table provides triple the value: it keeps hot items from sliding off the table, it allows you to fill the table with ice to keep things cold, and keeps young children and party goers safe from injuries that can be caused by sliding and heated containers. When you are finished, the Portable Party Table's washable surface can actually be sprayed down with water, and its built-in drain holes allow for easy drainage and quick drying. Fold the table up for next time use. Portable, economical, convenient, no clutter from coolers, and no spoilage of food will make the Portable Party Table a great investment for a vast number of consumers worldwide such as caterers, campers, partiers, tailgaters, and those having home gatherings.
| $50.00 for 1 (this cost is for the manufacturer) | Seeking: Research, Purchase, Investment, Distribution, Manufacturing/R&D |
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* Consumption sales forecast. Does not include "Random" events or "Inventory Fill". Forecast is for Year 1 for Large or Year 2 for Small Companies.
Forecast should be read as ..."With Low marketing support there is an 80% odds of achieving sales of at least... |
| Listing #: USA.76.041309.009 |
Page 1 of 5 |
Date Posted: 2009-04-16 |
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| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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Report Assumptions and Inventor(s) Commentary
|
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| Inventor(s) Assumptions |
"Most Likely"
Estimate |
Confidence |
Inventor(s) Commentary
Data Source or Basis for Assumptions |
| # of Possible Final Decision Makers |
35,871,982 |
20% |
Based on Eureka data sheets for homeowners and food and beverage service.
|
| Revenue per First Purchase |
$150.00 |
20% |
Estimated purchase price based on other tables and my improvements which are drain holes, edge or lip on table, and attached power strips. |
| % that will Repeat |
20% |
20% |
Estimates based on consumers repurchasing after seeing advantages. Caterers repurchasing after seeing what value table can bring to them. |
| Number of Annual Repeats |
2 |
20% |
Pessimistic estimate based on purchase of one. Optimistic based on purchase of two. |
| Revenue per Repeat Purchase |
$150.00 |
20% |
Pessimistic estimate based on purchase of one. Optimistic based on purchase of two. |
| Reseller (Trade) Margin |
40% |
20% |
Profit margin based on Eureka data. |
| Producer Profit (EBITD) |
15% |
20% |
Estimate based on plastic manufacturing industry percentage. |
| |
| Innovation Status |
|
Development
Status |
1 of 5
In Development
|
Concept for Portable Party Table has been developed. Detailed drawings of table have been made. Patent has been filed with the United States Patent Office and patent is pending. |
| Cost to First Sale (remaining) |
$100k-$1M |
20% |
After the initial prototype of the Portable Party Table is made, it can be easily put into mass production economically. |
| Time to First Sale (remaining) |
6 mos-1 yr |
20% |
If this table is produced using "lean manufacturing" standards, productivity would be greater, with consumers making initial purchases within the next year. |
| Confidence in Concept Claims made in description |
30% |
Out of my frustration my husband built a divided table for hot and cold foods for our party. The table worked great and many at the party borrowed the table for their parties. |
Proprietary
Protection Status |
2 of 5
Patent Pending
|
Detailed drawings of Portable Party Table are completed. The patent is pending with USPTO, pub. no.: US 2009/0056595 A1. |
| Concept Score & Diagnostics |
|
|
| Concept Diagnostics |
Red |
Yellow |
Green |
| Percentile Group |
Bottom 40% |
Middle 40% |
Top 20% |
| Overt Benefit |
|
 |
|
| Reason to Believe |
 |
|
|
| Dramatic Difference |
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|
 |
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| Listing #: USA.76.041309.009 |
Page 2 of 5 |
Date Posted: 2009-04-16 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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Inventor Commentary & Alternative Development Scenarios
|
|
| Inventor(s) Sales Goals |
| Minimum Goal |
$100,000 |
Current GOAL |
$0.5 M |
This convenient portable 2 in 1 table will safely keep your foods hot or cold, it keeps guests safe from spills, and eliminates clutter of using many other food storage containers |
Inventor(s) Commentary:
My Final Decision Maker is geared towards retailers, homeowners, caterers, and campers. Portable Party Table could be made in various sizes. In the present economy, more people are entertaining at home and camping out making this table a needed and useful commodity.
The success of the original table had been proven at a party several years ago, friends and family were impressed that foods stayed at the right temperature and guests were safe from food spills. Family and friends borrowed it. |
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CURRENT SALES FORECAST |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
| Ultra Low |
$5 |
$620,000 |
$3.7 M |
| Low Support |
$7.3 M |
$19.0 M |
$38.2 M |
| Medium Support |
$63.5 M |
$132.4 M |
$233.8 M |
| High Support |
$173.4 M |
$361.5 M |
$616.3 M |
| Ultra High |
$328.3 M |
$668.8 M |
$1.1 B |
If MARKETING CONCEPT Improved (Increase Concept Score by +20 Points) |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
| Ultra Low |
$7 |
$870,000 |
$5.2 M |
| Low Support |
$10.4 M |
$26.5 M |
$53.6 M |
| Medium Support |
$90.1 M |
$185.7 M |
$321.6 M |
| High Support |
$245.4 M |
$499.2 M |
$853.0 M |
| Ultra High |
$471.8 M |
$941.7 M |
$1.6 B |
If PRODUCT/SERVICE Improved (Increase Repeat Rate & Number of Repeats by 30% and Revenue Per Purchase 20%) |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
| Ultra Low |
$6 |
$800,000 |
$4.9 M |
| Low Support |
$9.3 M |
$24.2 M |
$50.8 M |
| Medium Support |
$79.0 M |
$170.9 M |
$314.0 M |
| High Support |
$215.1 M |
$455.8 M |
$808.2 M |
| Ultra High |
$412.2 M |
$854.9 M |
$1.5 B |
If MARKETING CONCEPT and PRODUCT/SERVICE Improved (Increase Concept +20 Points, Repeat Rate & Number of repeats by 30% and Revenue per purchase 20%) |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
| Ultra Low |
$9 |
$1.1 M |
$6.8 M |
| Low Support |
$13.0 M |
$34.2 M |
$69.6 M |
| Medium Support |
$112.5 M |
$238.5 M |
$426.4 M |
| High Support |
$302.2 M |
$633.1 M |
$1.1 B |
| Ultra High |
$574.0 M |
$1.2 B |
$2.1 B |
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| Listing #: USA.76.041309.009 |
Page 3 of 5 |
Date Posted: 2009-04-16 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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Additional Details
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|
| Fair Market Royalty (%) |
| |
Conservative - 80% Odds
Royalty Percentage |
Most Likely - 50% Odds
Royalty Percentage |
Aggressive - 20% Odds
Royalty Percentage |
| At CURRENT State & Status |
1.2% |
2% |
2.9% |
Sales & Marketing
Support Level |
Annual Inventor Royalty Revenue |
3 Year Value
to Inventor
If 50% Odds |
| 80% Odds |
50% Odds |
20% Odds |
| Ultra Low Support |
$5,100 |
$15,000 |
$30,000 |
$44,000 |
| Low Support |
$88,000 |
$210,000 |
$400,000 |
$640,000 |
| Medium Support |
$620,000 |
$1.4 M |
$2.6 M |
$4.3 M |
| High Support |
$1.7 M |
$3.9 M |
$6.9 M |
$11.6 M |
| Ultra High Support |
$3.2 M |
$7.1 M |
$12.6 M |
$21.4 M |
| Sales & Marketing Support Level Assumptions |
| Sales & Marketing Support Level Assumptions |
Sample Numbers |
% Aware x
% Distribution
(Aware & Able) |
Inventor
Confidence |
| % Distribution |
% Awareness |
| Ultra Low Support (Word of Mouth) |
5% |
3% |
0.2% |
% |
| Low Support (Small Company) |
20% |
10% |
2% |
N/A |
| Medium Support (Medium Sized Company) |
50% |
25% |
13% |
N/A |
| High Support (Large Company) |
75% |
45% |
34% |
N/A |
| Ultra High Support (Mega or Niche) |
90% |
70% |
63% |
N/A |
|
Graph of EQUIVALENT (Awareness x Distribution) Combinations
 |
NAICS Industry Codes
For This Invention |
| 32619 - Other Plastics Product Manufacturing |
| 45291 - Warehouse Clubs and Supercenters |
| 45299 - All Other General Merchandise Stores |
| 45399 - All Other Miscellaneous Store Retailers |
| 72232 - Caterers |
|
| Patent Numbers that apply to this Product/Service |
| 12/263,842 |
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| |
| |
| |
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| Inventor(s) PEDIGREE |
| Years EXPERIENCE in related industry |
10 |
| GRANTED Patents |
0 |
| Licensing Deals SIGNED |
0 |
| Innovations that have SHIPPED |
0 |
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For USA Patents: Utility Patent = 7 digit number, Design Patent starts with D, Planet Patent starts with PP. Provisional Application "61/xxx,xxx", Non provisional application "12/xxx,xxx", Design patent application "29/xxx,xxx"
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CAUTION: This Merwyn Business Simulation Research Report includes no warranty or guarantee. Results and opinions should be considered rough and directional in nature. This is because the report is based upon inventor-supplied data and simplified modeling methods. If you are looking to invest, distribute, purchase or become involved with this innovation, in any way, we strongly urge you to validate the inventor data and sales forecasts BEFORE committing yourself or your resources. Merwyn Research, Inc. shall not be responsible for any liability or damages arising out of the failure to perform such investigation and validation. Changes in the concept description, product, pricing, or input assumptions will almost certainly change results.
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| Listing #: USA.76.041309.009 |
Page 4 of 5 |
Date Posted: 2009-04-16 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
|
Additional Forecasts for Other Countries
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 Annual Sales - Probability Forecast - Canada |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
| Ultra Low |
$1 |
$98,000 |
$580,000 |
| Low Support |
$1.2 M |
$3.0 M |
$6.0 M |
| Medium Support |
$10.1 M |
$21.0 M |
$37.1 M |
| High Support |
$27.5 M |
$57.3 M |
$97.7 M |
| Ultra High |
$52.0 M |
$106.0 M |
$180.2 M |
 Annual Sales - Probability Forecast - United Kingdom |
Sales & Marketing
Support Level |
Conservative
80% odds
of selling |
Most Likely
50% odds
of selling |
Aggressive
20% odds
of selling |
| Ultra Low |
$1 |
$170,000 |
$1.0 M |
| Low Support |
$2.1 M |
$5.3 M |
$10.7 M |
| Medium Support |
$17.8 M |
$37.2 M |
$65.8 M |
| High Support |
$48.7 M |
$101.6 M |
$173.3 M |
| Ultra High |
$92.3 M |
$188.1 M |
$319.7 M |
Forecast are calculated based on population, (PPP) purchasing power parity, International Trade, Urbanization and the Human Growth Index.
Forecast can be skewed for some industries, so for best results, adjusting the number of final decision makers for every country is recommended.
| Listing #: USA.76.041309.009 |
Page 5 of 5 |
Date Posted: 2009-04-16 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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