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. Ideally someone with more time, ambition and knowhow.
I have 1 very new Sodick Wire EDM (only about 2 years old), 1 Haas TM2 Vertical Mill (With tool changer) fully operational, 1 Milltronic Vertical CNC with tool changer (Its down now, but It wont take much to get it running), 1 Bridgeport Mill, Drill presses, Band saw, Fork lifts, and a lot of tooling and extra equipment I've accumulated over 15+ years. I also just purchased a building, which I moved all the equipment into. The Air and power are all hooked up, and the machines are powered up and running. I would basically let the interested party use everything I have to run their own business.
95% of my work is Wire EDM, and I don't really run the CNC mills at all. So I would source all of my existing customers work to the leaser, which they would pay me a percentage of maybe 25% to 30% for all the work that comes from my customer base. The work I could feed would more than likely be able to pay for half (or more) of the cost to rent the business and building. I would be available most of the time to run the Wire EDM if needed, they would just pay me a Wire EDM operators wage, and once they are comfortable with the machine they could run it themselves or hire someone to do it. I have a LOT of experience on the Wire, so I would always be available to help with new projects if they needed it.
So ideally if someone has machining experience, or has always wanted to have their own shop, this would pretty give them the opportunity to do so with CNC milling machines ready to go. The Wire EDM work I could feed them would pay for a good portion of the Rent overhead, which would give them the financial peace of mind to do it. They could easily expand into new machining work with what I have on the floor.
The reason I'm looking at this as an option is because I just don't have the time anymore to fully dedicate to it, but since I have good customers I've been working with over the years, I don't want to give up on them, as we have built really great relationships, and they trust that I know how do get their parts done on the Wire EDM.
Sorry for the long winded idea, but I'm curious if anybody has some ideas on the best way I could achieve this goal. It would be a great opportunity for someone to have their own business ready to go with a ton of equipment, a place with all the Air and 3 Phase power they need, I'm in pretty decent location (Not rural), I'm in NC. I would be able to feed them with enough Wire Work to handle a large chunk of the expenses, and I would be here to assist them.
Could I post something on Facebook, Craigslist or some Social medial platform. How would you all go about this?
Thank you all for the years of knowledge I have received from this site over the many years, and thank you for any suggestions you may have!
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. Ideally someone with more time, ambition and knowhow.
I have 1 very new Sodick Wire EDM (only about 2 years old), 1 Haas TM2 Vertical Mill (With tool changer) fully operational, 1 Milltronic Vertical CNC with tool changer (Its down now, but It wont take much to get it running), 1 Bridgeport Mill, Drill presses, Band saw, Fork lifts, and a lot of tooling and extra equipment I've accumulated over 15+ years. I also just purchased a building, which I moved all the equipment into. The Air and power are all hooked up, and the machines are powered up and running. I would basically let the interested party use everything I have to run their own business.
95% of my work is Wire EDM, and I don't really run the CNC mills at all. So I would source all of my existing customers work to the leaser, which they would pay me a percentage of maybe 25% to 30% for all the work that comes from my customer base. The work I could feed would more than likely be able to pay for half (or more) of the cost to rent the business and building. I would be available most of the time to run the Wire EDM if needed, they would just pay me a Wire EDM operators wage, and once they are comfortable with the machine they could run it themselves or hire someone to do it. I have a LOT of experience on the Wire, so I would always be available to help with new projects if they needed it.
So ideally if someone has machining experience, or has always wanted to have their own shop, this would pretty give them the opportunity to do so with CNC milling machines ready to go. The Wire EDM work I could feed them would pay for a good portion of the Rent overhead, which would give them the financial peace of mind to do it. They could easily expand into new machining work with what I have on the floor.
The reason I'm looking at this as an option is because I just don't have the time anymore to fully dedicate to it, but since I have good customers I've been working with over the years, I don't want to give up on them, as we have built really great relationships, and they trust that I know how do get their parts done on the Wire EDM.
Sorry for the long winded idea, but I'm curious if anybody has some ideas on the best way I could achieve this goal. It would be a great opportunity for someone to have their own business ready to go with a ton of equipment, a place with all the Air and 3 Phase power they need, I'm in pretty decent location (Not rural), I'm in NC. I would be able to feed them with enough Wire Work to handle a large chunk of the expenses, and I would be here to assist them.
Could I post something on Facebook, Craigslist or some Social medial platform. How would you all go about this?
Thank you all for the years of knowledge I have received from this site over the many years, and thank you for any suggestions you may have!