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I want to Rent my Shop and Building to someone. Any Ideas how to go about it?
Yes, I will pass on 15+ years of customers and work, which would take Years to build, and a probably a salesperson to drum up more work for them, which they would be needing a commission as well. IF....if they don't have anybody to run the machines for them, I can do that. If not I could care... -
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I want to Rent my Shop and Building to someone. Any Ideas how to go about it?
Yes, I will pass on 15+ years of customers and work, which would take Years to build, and a probably a salesperson to drum up more work for them, which they would be needing a commission as well. IF....if they don't have anybody to run the machines for them, I can do that. If not I could care... -
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I want to Rent my Shop and Building to someone. Any Ideas how to go about it?
Thanks everyone so far, I really appreciate all the input. Thats how I'm kind of looking at it Scruffy887. Its one thing to make a small living machining in the basement (so to speak), its another to break into a decent business and the potential for good growth. I know Wire EDM better than... -
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I want to Rent my Shop and Building to someone. Any Ideas how to go about it?
Thanks Dave, Yes I really appreciate your input, especially coming from the accounting side. If the renter wanted to buy me out later would be another thing. My area has a lot of machinists, and most can do basic CNC Vertical / Turning machining, Wire EDM is another thing. They could easily... -
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I want to Rent my Shop and Building to someone. Any Ideas how to go about it?
Thanks Greg, Yes I know all too well that aspect of Human Nature...LOL I know I wont have folks knocking my door down, but the right person could do very well in this situation, with very little risk on their part, so just trying to figure out how to offer it and find the right person. -
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I want to Rent my Shop and Building to someone. Any Ideas how to go about it?
Thanks Kootne, Very cool, sounds like it worked out great for you! Yeah, I'm trying to work out the details. I was just brainstorming with the Wife last night, so first thing this morning I posted on Practical Machinist for advice, which has always been a great source and wealth of knowledge! -
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I want to Rent my Shop and Building to someone. Any Ideas how to go about it?
Well I haven't stated the price, so whether its a good deal or not is up in the air and up for speculation. As I mentioned, I don't have the time to focus on this much anymore as I have other things I'm involved with, so whatever I give them in work will cover the expense, which leaves the rest... -
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I want to Rent my Shop and Building to someone. Any Ideas how to go about it?
Thanks Phil, Yes I thought that could be another option. Especially with what the banks are giving out these days, it may be more economical for someone to borrow the funds outright. I just figured some may not have access to loans / funds like that. I'm still brainstorming a bit, trying to... -
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I want to Rent my Shop and Building to someone. Any Ideas how to go about it?
Thanks Booze! Understandable, The thing is, The work I could feed the leaser (Based on my last 2 years of work, during Covid on top of that) would probably cover most if not all of what it would cost to rent my space. So it would ultimately be a free location with machines ready to go, the... -
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I want to Rent my Shop and Building to someone. Any Ideas how to go about it?
Thanks Bob! What would be the nightmare scenarios you think? I definitely am open eared to the good and bad of going down this road. -
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I want to Rent my Shop and Building to someone. Any Ideas how to go about it?
Kustomizer, Thank you for the response. That is definitely a good warning, I would probably be able to mitigate that risk. As I would still be working in my building, I would only rent about half the space, and keep the other space / office for my other work. This is how I would be available... -
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I want to Rent my Shop and Building to someone. Any Ideas how to go about it?
Hi All, I have a Wire EDM shop that I've built a good customer base over 15+ years. I don't have as much time to dedicate to the business anymore, so I'm looking for ideas on how to rent out my shop and the building space (I own the building too) to someone who wants a turn key business...