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Fast Framing System - Frame an average size single story house in less tha one day Mass produced Framing units for Builder There are currently no reviews for this Innovation.
| Fast Framing System - Frame an average size single story house in less tha one day
Mass produced Framing units for Builder |
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The Fast Framing System makes the mass production of framing possible for the first time and does for framing what pre-manufactured trusses did for roofing. |
 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 |
$8 |
$1.5 M |
$4.9 M |
2 of 5
Successful Prototypes
|
5 of 5
Granted Patent Claims
|
70 29 is
Average
|
| Low Support |
$17.4 M |
$28.5 M |
$42.5 M |
| Medium Support |
$129.7 M |
$170.8 M |
$221.5 M |
| High Support |
$336.2 M |
$431.3 M |
$544.4 M |
Remaining Time & Cost to First Sale |
| Ultra High |
$585.6 M |
$753.1 M |
$950.1 M |
6 mos-1 yr
|
$100k-$1M
|
Fast Framing System - Frame an average size single story house in less tha one day
- Mass produced Framing units for Builder
Final Decision Maker: Builders, contractors, remodelers, and do-it-yourselfers
The Fast Framing System brings framing into the 21st century and for the first time, makes mass production of framing and the framing of an average size single story house possible. It does for framing what pre-manufactured roof trusses did for roofing. The system is universal and can be used on ANY floor plan. The average size single story house typically takes 4 - 6 days to frame, and it is rare to find 90 degree corners, vertical wlls and flat walls. With the Fast Framing System, that same house can be framed in less than 1 day, with guaranteed 90 degree corners, vertical walls and flat walls. The installation of roof trusses (or floor joists for a multi story structure) can begin 1 - 2 hours into the framing process. There is virtually no waste lumber either in the manufacturing process or framing process. And it does not require experienced framing crews. Based on the 2005 cost of $6 per square foot for framing, the average size house (2500 square feet) would cost $15,000 to frame. Using the Fast Framing System would cut that cost in half.
| $3,900 for framing units required for an average size 2,500 sq. ft. house. | Seeking: Purchase |
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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.76.102209.002 |
Page 1 of 5 |
Date Posted: 2009-11-04 |
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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 |
110,000 |
60% |
Estimate is based on the number of builders listed in the reference data for answering this question.
|
| Revenue per First Purchase |
$3,900.00 |
30% |
Estimate is based on the costs of lumber for each framing unit and the number of framing units purchased for an average size single story house. |
| % that will Repeat |
75% |
30% |
Estimate is based on speaking with 150 builders, 149 of which said they would use the Fast Framing System when it gets to market. |
| Number of Annual Repeats |
15 |
30% |
The reference data to help guide the answer to this question is based on consumer products. Estimate is based on the number of houses a builder builds in a yeaar's time. |
| Revenue per Repeat Purchase |
$3,900.00 |
60% |
Estimate is based on costs of lumber for each framing unit and the number of framing units purchased for an average size single story house. |
| Reseller (Trade) Margin |
N/A |
N/A |
|
| Producer Profit (EBITD) |
36% |
60% |
Profit margins are based on projected sales and costs as detailed in my business plan. |
| |
| Innovation Status |
|
Development
Status |
2 of 5
Successful Prototypes
|
Patented. Ready to go to production phase. Needs fixture design and procurement, mold procurement and IE design of plant layout. |
| Cost to First Sale (remaining) |
$100k-$1M |
60% |
Start up costs are detailed in my business plan. |
| Time to First Sale (remaining) |
6 mos-1 yr |
60% |
Start up times are detailed in my business plan. |
| Confidence in Concept Claims made in description |
60% |
149 out of 150 builders stated they would use the system when it gets to market. |
Proprietary
Protection Status |
5 of 5
Granted Patent Claims
|
|
| Concept Score & Diagnostics |
|
|
| Concept Diagnostics |
Red |
Yellow |
Green |
| Percentile Group |
Bottom 40% |
Middle 40% |
Top 20% |
| Overt Benefit |
|
|
 |
| Reason to Believe |
 |
|
|
| Dramatic Difference |
|
|
|
|
| Listing #: USA.76.102209.002 |
Page 2 of 5 |
Date Posted: 2009-11-04 |
| ©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
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|
| Inventor(s) Sales Goals |
| Minimum Goal |
$2.8 M |
Current GOAL |
$5.5 M |
Inventor(s) Commentary:
The Fast Framing System consists of 3 sizes of wall framing units, standard size window and door framing units, and 2 tools used during the framing process. Software used with Autocad allows the builder to do a takeoff that shows the number of each framing unit required, and prints out a color coded floor plan showing where each framing unit is used, and tabulates the number of each size framing unit and the additional lumber for corners, "tee" intersections and cap plates required. |
|
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 |
$8 |
$1.5 M |
$4.9 M |
| Low Support |
$17.4 M |
$28.5 M |
$42.5 M |
| Medium Support |
$129.7 M |
$170.8 M |
$221.5 M |
| High Support |
$336.2 M |
$431.3 M |
$544.4 M |
| Ultra High |
$585.6 M |
$753.1 M |
$950.1 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 |
$11 |
$1.9 M |
$6.3 M |
| Low Support |
$22.7 M |
$36.8 M |
$54.5 M |
| Medium Support |
$169.1 M |
$220.7 M |
$282.4 M |
| High Support |
$436.1 M |
$558.2 M |
$695.6 M |
| Ultra High |
$762.7 M |
$972.7 M |
$1.2 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 |
$16 |
$2.8 M |
$9.6 M |
| Low Support |
$33.6 M |
$56.0 M |
$83.7 M |
| Medium Support |
$251.3 M |
$334.0 M |
$433.7 M |
| High Support |
$649.1 M |
$837.6 M |
$1.1 B |
| Ultra High |
$1.1 B |
$1.5 B |
$1.9 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 |
$21 |
$3.6 M |
$12.4 M |
| Low Support |
$44.2 M |
$71.8 M |
$106.5 M |
| Medium Support |
$326.5 M |
$430.0 M |
$550.2 M |
| High Support |
$843.9 M |
$1.1 B |
$1.4 B |
| Ultra High |
$1.5 B |
$1.9 B |
$2.4 B |
|
| Listing #: USA.76.102209.002 |
Page 3 of 5 |
Date Posted: 2009-11-04 |
| ©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 |
5.6% |
7.1% |
8.7% |
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 |
$62,000 |
$150,000 |
$270,000 |
$440,000 |
| Low Support |
$1.2 M |
$1.9 M |
$2.8 M |
$5.7 M |
| Medium Support |
$8.4 M |
$11.6 M |
$15.1 M |
$34.7 M |
| High Support |
$21.6 M |
$29.1 M |
$37.5 M |
$87.2 M |
| Ultra High Support |
$37.7 M |
$51.3 M |
$66.1 M |
$153.9 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% |
N/A |
|
Graph of EQUIVALENT (Awareness x Distribution) Combinations
 |
NAICS Industry Codes
For This Invention |
| 32199 - All Other Wood Product Manufacturing |
| |
| |
| |
| |
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| Patent Numbers that apply to this Product/Service |
| 6,385,937 |
| |
| |
| |
| |
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| Inventor(s) PEDIGREE |
| Years EXPERIENCE in related industry |
0 |
| GRANTED Patents |
1 |
| Licensing Deals SIGNED |
0 |
| Innovations that have SHIPPED |
0 |
|
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.76.102209.002 |
Page 4 of 5 |
Date Posted: 2009-11-04 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
|
Additional Forecasts for Other Countries
|
|
 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 |
$230,000 |
$770,000 |
| Low Support |
$2.8 M |
$4.5 M |
$6.7 M |
| Medium Support |
$20.6 M |
$27.1 M |
$35.1 M |
| High Support |
$53.3 M |
$68.4 M |
$86.3 M |
| Ultra High |
$92.8 M |
$119.4 M |
$150.6 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 |
$2 |
$410,000 |
$1.4 M |
| Low Support |
$4.9 M |
$8.0 M |
$12.0 M |
| Medium Support |
$36.5 M |
$48.0 M |
$62.3 M |
| High Support |
$94.5 M |
$121.3 M |
$153.1 M |
| Ultra High |
$164.7 M |
$211.8 M |
$267.2 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.76.102209.002 |
Page 5 of 5 |
Date Posted: 2009-11-04 |
| ©2008. Eureka! Institute. All Rights Reserved. Patents Granted or Pending Eureka! Ranch International www.EurekaRanch.com (513) 271-9911 |
|
