Good day all,
First post, but have been lurking here for the better part of a decade.
I have the opportunity to purchase a nearby shop, at the price of machinery (multiple mid-tier CNC mills(3 and 5-axis) and lathes, about 8-10 years old).
The downside is sales are stale. I would make just enough money to pay the bills. The shop has never marketed, and does not have an online foot print. They reject work, that in my opinion would cover sunken costs of the business, until the marketing engine makes some moves.
The owner works alone, but it should be a 3-4 man show. He has lost the customer that put him over the top, and is unwilling to find new work and would rather retire.
Upsides:
It comes with ISO and AS.
Very clean and organized.
Best maintained machines have seen in a long time.
Being sold at asset price allows for easy access to loans.
Question for you is, is it possible to start building up a customer base in 3-6 months, or should one walk away from this situation?
The way I see it is that I'm buying used machines, that I could buy 1 or 2 at a time as needed instead, but I wouldn't have any base to work off of.
Thank you for taking the time to read my post.
Regards,
William.
First post, but have been lurking here for the better part of a decade.
I have the opportunity to purchase a nearby shop, at the price of machinery (multiple mid-tier CNC mills(3 and 5-axis) and lathes, about 8-10 years old).
The downside is sales are stale. I would make just enough money to pay the bills. The shop has never marketed, and does not have an online foot print. They reject work, that in my opinion would cover sunken costs of the business, until the marketing engine makes some moves.
The owner works alone, but it should be a 3-4 man show. He has lost the customer that put him over the top, and is unwilling to find new work and would rather retire.
Upsides:
It comes with ISO and AS.
Very clean and organized.
Best maintained machines have seen in a long time.
Being sold at asset price allows for easy access to loans.
Question for you is, is it possible to start building up a customer base in 3-6 months, or should one walk away from this situation?
The way I see it is that I'm buying used machines, that I could buy 1 or 2 at a time as needed instead, but I wouldn't have any base to work off of.
Thank you for taking the time to read my post.
Regards,
William.