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Portable Carpentry Workshop - All-in-one time & space saving workshop job site workshop Portable Carpentry Workshop for contractors There are currently no reviews for this Innovation.
| Portable Carpentry Workshop - All-in-one time & space saving workshop
job site workshop Portable Carpentry Workshop for contractors |
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The Portable Carpentry Workshop is the New Generation of job site workshops giving carpenters the necessary tools of the trade on a compact rolling cabinet with plenty of
storage. |
 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 |
$1 |
$100,000 |
$680,000 |
2 of 5
Successful Prototypes
|
3 of 5
Tactical Protection
|
46 29 is
Average
|
| Low Support |
$1.2 M |
$3.3 M |
$7.1 M |
| Medium Support |
$10.5 M |
$22.5 M |
$42.5 M |
| High Support |
$29.1 M |
$62.5 M |
$116.8 M |
Remaining Time & Cost to First Sale |
| Ultra High |
$55.0 M |
$118.0 M |
$215.6 M |
1-2 yrs
|
$100k-$1M
|
Portable Carpentry Workshop - All-in-one time & space saving workshop
- job site workshop Portable Carpentry Workshop for contractors
Final Decision Maker: Carpentry Contractors
The PCW or Portable Carpentry Workshop is the new generation of job site workshops. "Roll it up, Plug it in, BANG IT OUT!" That's all there is to it.
Once your PCW arrives, you will mount your portable tablesaw, mitersaw and router in their places. ( It's designed to fit most makes of tools - Rolling Trades Inc. can also outfit your PCW with tools if requested) Once mounted, your tools will not need to be moved or swapped again. Only one cord to plug in and your tools are always ready to work when you are.
The benefits are: -No more costly set up and dismantling time. -Work safer because the tools are mounted rather than working on the floor or makeshift tables. -Tools last longer due to less wear and tear transporting from job to job. -Replaces several pieces of equipment with its all-in-one space saving design. With less equipment to move around and everything you need at arms length, you will become more efficient therefore increasing productivity. -Eliminates the need for a second person when cutting sheet goods and long lengths of lumber. Lumber is fully supported with our sliding configurations and extensions. If you could lift it alone then you can cut it alone. -Plenty of lockable storage keeps your personal tools, equipment and hardware safe. - Forklift ready for easy transporting. Built commercial grade, you will need one of the following: a ramp, forklift, loading dock, trailer with a ramp or a lift gate on the rear of the truck to transport the PCW. -Once it's off the truck, its compact size fits through standard doorways and in elevators. All of the above will save your company hours of labor on a daily basis and save lots of real estate on the job, in trucking and in the warehouse. Invented, designed and built by a carpenter / foreman in the business for over 20 yrs. Granted a design patent and honored with the Grand Prize and a Gold Medal in the Construction category at INPEX 2008, Invention and New Product Expo. Featured in trade magazines and also on the hit show "Under Construction" seen on the DIY Network. (Do It Yourself) Licensed contractors and tv hosts John DeSilvia and John Palanca say"This is the real deal, a brilliant concept that is well thought out by a carpenter / contractor"
| $3,500 for one pcw (tools not included) | 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.76.101709.005 |
Page 1 of 5 |
Date Posted: 2009-10-23 |
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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
|
|
| Inventor(s) Assumptions |
"Most Likely"
Estimate |
Confidence |
Inventor(s) Commentary
Data Source or Basis for Assumptions |
| # of Possible Final Decision Makers |
300,000 |
40% |
Est. $30B in const. spending in NYC in 2010. Now include all other markets & the need to find products that cut costs. PCW was invented on a commercial jobsite.(#'s from ref. data)
|
| Revenue per First Purchase |
$3,500.00 |
40% |
Most jobs have 2-6 teams of carpenters. If a new tool is requested, the company would buy 1 item the 1st time and test it. If liked, they would purchase for the other teams. |
| % that will Repeat |
10% |
30% |
Most jobsites have several teams of carpenters and most construction companies have more that one job going at the same time. If they like the product and service,they will repeat! |
| Number of Annual Repeats |
1 |
30% |
At this point I would say it depends on the size of the company. Smaller companies may need 1-5 PCW's. Larger companies spanning all markets may purchase 1-20+ PCW's. |
| Revenue per Repeat Purchase |
$10,500.00 |
30% |
This is a guess that some larger companies will purchase several units. They have many jobs all over the country and worldwide. They may make larger purchases if they like the prod |
| Reseller (Trade) Margin |
50% |
20% |
These numbers were based from examples given above. My product can be sold direct, in catalogs, distributors ... |
| Producer Profit (EBITD) |
18% |
30% |
Based on preliminary discussions with manufacturers and no legitimate quotes at this time, the numbers above are my best prediction along with help from the reference data supplied |
| |
| Innovation Status |
|
Development
Status |
2 of 5
Successful Prototypes
|
-1st Successful prototype with consumer testing
-Re-engineered drawings for manufacturers - no quotes yet
-Granted Design Patent & Utility Patent
-Sold 1st PCW 7/09 |
| Cost to First Sale (remaining) |
$100k-$1M |
40% |
I built myself and made my 1st sale. Drawings were re-engineered and ready for manufacturer quotes. Manufacturer must build 1st unit, test, re-work and begin mass production. |
| Time to First Sale (remaining) |
1-2 yrs |
40% |
My experience is in a fabrication shop. I built my prototype and first sale myself. I'm pretty confident once drawings are reviewed, a manufacturer can tool up within 3-6 months |
| Confidence in Concept Claims made in description |
60% |
A full size working prototype has appeared at trade shows, filmed for t.v. and used on the job daily. Many carpenters have used and tested the PCW on the job with great results. |
Proprietary
Protection Status |
3 of 5
Tactical Protection
|
Design pat. granted
Utility granted
Trademark 3,726,284 Roll it up, Plug it in, BANG IT OUT!
All assigned to Rolling Trades Inc.
Won top prize - 1st show INPEX
Sold 1st PCW 7/09 |
| Concept Score & Diagnostics |
|
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| Concept Diagnostics |
Red |
Yellow |
Green |
| Percentile Group |
Bottom 40% |
Middle 40% |
Top 20% |
| Overt Benefit |
|
 |
|
| Reason to Believe |
|
|
|
| Dramatic Difference |
|
|
|
|
| Listing #: USA.76.101709.005 |
Page 2 of 5 |
Date Posted: 2009-10-23 |
| ©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 |
$0.4 M |
Current GOAL |
$2 M |
"Roll it up, Plug it in, BANG IT OUT!" Your tools are always ready to work when you are but you can also slide them out of the way and use the workbench to get the job done! |
Inventor(s) Commentary:
Final decision maker-Carpentry Contractor. The construction industry is huge in the USA & worldwide. The PCW will reduce bottom lines and at $3500 it's a great value considering the time and labor savings involved. At 28"Wx66"Lx55"H save on real estate as well. Also consider the accessories offered and service provided (outfiting the PCW with tools) can generate big profits. I have received great reviews from industry professionals at trades shows and product testing from carpenters on the jo |
|
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 |
$1 |
$100,000 |
$680,000 |
| Low Support |
$1.2 M |
$3.3 M |
$7.1 M |
| Medium Support |
$10.5 M |
$22.5 M |
$42.5 M |
| High Support |
$29.1 M |
$62.5 M |
$116.8 M |
| Ultra High |
$55.0 M |
$118.0 M |
$215.6 M |
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 |
$1 |
$150,000 |
$990,000 |
| Low Support |
$1.8 M |
$4.7 M |
$10.1 M |
| Medium Support |
$15.4 M |
$33.2 M |
$61.0 M |
| High Support |
$42.9 M |
$91.4 M |
$165.0 M |
| Ultra High |
$80.4 M |
$172.2 M |
$308.3 M |
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 |
$1 |
$140,000 |
$900,000 |
| Low Support |
$1.5 M |
$4.1 M |
$9.4 M |
| Medium Support |
$13.1 M |
$28.9 M |
$56.3 M |
| High Support |
$36.4 M |
$79.3 M |
$156.1 M |
| Ultra High |
$68.7 M |
$149.2 M |
$288.2 M |
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 |
$2 |
$200,000 |
$1.3 M |
| Low Support |
$2.2 M |
$6.0 M |
$13.3 M |
| Medium Support |
$19.0 M |
$41.5 M |
$80.3 M |
| High Support |
$55.2 M |
$114.8 M |
$215.7 M |
| Ultra High |
$101.4 M |
$218.8 M |
$409.2 M |
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| Listing #: USA.76.101709.005 |
Page 3 of 5 |
Date Posted: 2009-10-23 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
|
Additional Details
|
|
| Fair Market Royalty (%) |
| |
Conservative - 80% Odds
Royalty Percentage |
Most Likely - 50% Odds
Royalty Percentage |
Aggressive - 20% Odds
Royalty Percentage |
| At CURRENT State & Status |
1.9% |
2.6% |
3.5% |
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 |
$1,100 |
$3,000 |
$6,100 |
$9,100 |
| Low Support |
$18,000 |
$42,000 |
$78,000 |
$130,000 |
| Medium Support |
$130,000 |
$270,000 |
$490,000 |
$820,000 |
| High Support |
$350,000 |
$750,000 |
$1.4 M |
$2.3 M |
| Ultra High Support |
$650,000 |
$1.4 M |
$2.5 M |
$4.2 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% |
N/A |
| 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% |
% |
|
Graph of EQUIVALENT (Awareness x Distribution) Combinations
 |
NAICS Industry Codes
For This Invention |
| 33243 - Metal Can, Box, and Other Metal Container (Light ... |
| 33299 - All Other Fabricated Metal Product Manufacturing |
| 42381 - Construction and Mining (except Oil Well) Machine... |
| 44413 - Hardware Stores |
| 44419 - Other Building Material Dealers |
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| Patent Numbers that apply to this Product/Service |
| D588,773 S |
| 7647956 |
| |
| |
| |
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| Inventor(s) PEDIGREE |
| Years EXPERIENCE in related industry |
23 |
| GRANTED Patents |
1 |
| Licensing Deals SIGNED |
0 |
| Innovations that have SHIPPED |
1 |
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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.76.101709.005 |
Page 4 of 5 |
Date Posted: 2009-10-23 |
| ©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 |
$0 |
$16,000 |
$110,000 |
| Low Support |
$190,000 |
$520,000 |
$1.1 M |
| Medium Support |
$1.7 M |
$3.6 M |
$6.7 M |
| High Support |
$4.6 M |
$9.9 M |
$18.5 M |
| Ultra High |
$8.7 M |
$18.7 M |
$34.2 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 |
$0 |
$29,000 |
$190,000 |
| Low Support |
$340,000 |
$920,000 |
$2.0 M |
| Medium Support |
$2.9 M |
$6.3 M |
$12.0 M |
| High Support |
$8.2 M |
$17.6 M |
$32.9 M |
| Ultra High |
$15.5 M |
$33.2 M |
$60.6 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.76.101709.005 |
Page 5 of 5 |
Date Posted: 2009-10-23 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
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