It all depends on what kinda tools you're talking about in that toolroom. As was posted above, a toolroom to some people might be a place to store hammers, and to others it might be a place to store your master gage blocks or anything in between. For instance, when I started off on my toolmaking career, toolmaking consisted of plastic injection mold making, period. Not a lathe in sight. All square blocks, grinding, mill, EDM work and 3D geometry. The word "toolroom" when applied as it is nowdays in advertising and in common usage is supposed to denote high precision, which to me obviates any relationship with 99/44-100s of manual lathes, in particular junk sold on Ebay.
That'd make for an interesting discussion. What is toolmaking and what isn't toolmaking.