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post #1 of 13 Old 10-07-2015, 11:06 PM Thread Starter
Tool Fanactic
 
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The time has come

To lease a building.

Time to drop a few services I offer and focus on my two biggest money makers.

I am going to stop doing on site work, I really don't even want to install things I make. If I have to, it will be very expensive.

Going to focus on my architectural millwork and machine sales.

Building is kinda ugly, former body shop (has a separate spray booth still), not as big as I want, but it will suffice for the next couple years until I sell my house and move out to the boonies.

Building is around the corner from my house, down an alley.

Not looking forward to tearing a shop apart and setting up a new space.

Last edited by WarnerConstInc.; 10-07-2015 at 11:30 PM. Reason: Spelling
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post #2 of 13 Old 10-07-2015, 11:25 PM
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That is a huge project, I don't envy you at all, wishing you all the luck in the world.

http://www.diychatroom.com/
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If you do what you've always done, you will get what you've always got.
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post #3 of 13 Old 10-07-2015, 11:31 PM
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Warner,
This can be the start of your next big step forward. I wish you the very best of luck.
You may want to keep the paint booth as your finish room for all your wood projects and tool painting.
The new electrical will most likely be your biggest expense in getting the new location ready to meet your needs.
Being close to your house is a big plus.
Keep us posted on how you lay out your new digs.
Jim
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post #4 of 13 Old 10-07-2015, 11:39 PM Thread Starter
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It has 200 amp 3 phase service. I have piles of emt, boxes, plugs, wire, disconnects, etc.

Running pipe and pulling wires sucks though, plus I will pull all mine down.

I have accumulated a giant pile of DC pipe, fittings, gates and a large Aget cyclone with bag house.

I have been hoarding for just this moment.

I am not into spray finishing, but it would make a nice place to assembly projects when needed and a place to refurbish machines.
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post #5 of 13 Old 10-08-2015, 12:13 AM
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Well, good luck.
Keep us posted.
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post #6 of 13 Old 10-08-2015, 12:31 AM
where's my table saw?
 
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maybe ....

Can you lease with an option to purchase? Or buy on a long term land contract? That way all your work to fix it up to your standards won't be a gift to the next guy or the owner.

The answer to your question will only be as detailed and specific as the question is detailed and specific. Good questions also include a sketch or a photo that illustrates your issue. (:< D)
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post #7 of 13 Old 10-08-2015, 12:45 AM Thread Starter
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Quote:
Originally Posted by woodnthings View Post
Can you lease with an option to purchase? Or buy on a long term land contract? That way all your work to fix it up to your standards won't be a gift to the next guy or the owner.
It has been discussed as an option.

I need to act fast, I just picked up 30 pieces of industrial surplus to sell for a buddy. The fan is about to be hit.
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post #8 of 13 Old 10-08-2015, 12:51 AM
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CONGRATS!!! My little shop is being more storage than workshop....NEVER enough room.

Keep us posted

Have a Blessed and Prosperous day in Jesus's Awesome Love, Tim
........www.TSMFarms.com.......... John 3:16-21 ..........
Reveling God's awesome beauty while creating one of-a-kind flitches and heirlooms.
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post #9 of 13 Old 10-08-2015, 05:06 AM
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Quote:
Originally Posted by WarnerConstInc. View Post
It has been discussed as an option.

I need to act fast, I just picked up 30 pieces of industrial surplus to sell for a buddy. The fan is about to be hit.

Good for you Darcey. Glad to hear things are going well for you.

BTW, I'm in need of a good phase converter for my new dust collector. Got anything?
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post #10 of 13 Old 10-08-2015, 09:09 AM
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As life changes, so do our needs. Continue moving in a positive direction, planning your work - then working your plan. Thanks for sharing, and be safe.
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post #11 of 13 Old 10-08-2015, 10:23 AM
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Quote:
Originally Posted by WarnerConstInc. View Post
To lease a building.

Time to drop a few services I offer and focus on my two biggest money makers.

I am going to stop doing on site work, I really don't even want to install things I make. If I have to, it will be very expensive.

Going to focus on my architectural millwork and machine sales.

Building is kinda ugly, former body shop (has a separate spray booth still), not as big as I want, but it will suffice for the next couple years until I sell my house and move out to the boonies.

Building is around the corner from my house, down an alley.

Not looking forward to tearing a shop apart and setting up a new space.
I knew a fellow in Memphis who did the same thing you are doing. He made it big time selling all kinds of used wood working machinery. He also sold new tools and wood working supplies, later on. I bought many tools from him. He had a great business making custom router, and shaper cutters also. Nice guy, stayed very busy.

http://www.diychatroom.com/
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BigJim

If you do what you've always done, you will get what you've always got.
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post #12 of 13 Old 10-08-2015, 09:37 PM
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Good luck with the adventure

Our maintenance and machine sales are done by one of the previous owners of Overland Tool here in Kansas City. Anybody who has been to a Kansas City wood show or bought large machinery if familiar with this company. Anyway...He has multiple connections with higher end equipment like SCMI,etc. He buys and sells through the company we work for as a salesman. I think he gets like 10% of the sales. How much the company gets I'm unsure. But on used equipment he can buy what he wants as long as he buys it himself or sells it in a 30-60 day term.

Seems your kinda going in the Overland Tool direction. Good luck
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post #13 of 13 Old 10-08-2015, 10:31 PM Thread Starter
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I have to deliver and set up two machines on monday. Nice to make money selling it, then make more by personally setting it up for them as well.

I have been doing some onsite repair and service work as well.

I have been working on houses for 17 years, i hate them all now.
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