• This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn more.
  • PLEASE SUPPORT OUR FORUM - UPGRADE YOUR ACCOUNT HERE!
[4]

Machine shop

January Project of the Month [3]
[10] Like what you see?
Click here to donate to this forum and upgrade your account!

mikedad

Iron
Registered Member
Joined
Apr 30, 2018
Messages
7
Likes
2
#1
I have an opportunity to buy a machine shop from a retired mans family (he has had a stroke) and I'm trying to figure out a fair value for all the machines and the thousand's of misc. attachment and tools I'm in Ohio. Can any one help?
Equipment

Deckel KF 12
SuperMax Mill
Lathe ( Reynolds ?)
Drills Press (more than one)
Large band saw
Plus other stuff

Thanks
Mikedad
 

benmychree

John York
H-M Supporter-Premium Member
Joined
Jun 7, 2013
Messages
1,831
Likes
1,302
#2
His family should hire an appraiser; the value of tooling and attachments is a bit more difficult than the machine tools, full value should not be expected for a bulk deal. I sold my business about seven years ago, I was able to receive the services of a machinery dealer that I had known for many years, paid for his time by the buyer.
 

benmychree

John York
H-M Supporter-Premium Member
Joined
Jun 7, 2013
Messages
1,831
Likes
1,302
#4
Thank You sir If I could ask What was a rough cost for the Dealers time?
I wish that I could tell you that, but it was way too long ago. Another way would be to look for comparables on e bay on "finished" items.
Perhaps doing a thorough inventory of items present would be a good start.
 

westsailpat

H-M Supporter - Premium Member
H-M Supporter-Premium Member
Joined
Feb 14, 2016
Messages
497
Likes
286
#6
I sold my shop 10 yrs. ago . I tried selling it myself for a while (complete wast of time) and one more month of warehouse rental . I had no customers to go with it so it was just what the machinery and tooling was worth . It would have been a good deal for someone if they had bought it and kept it all in place rent was cheap 1K a mo. in the end I just called the used machine tool guy he made me a fair offer and I took it . If you are going to be moving the shop and there are no customers , then I would find the value of the machinery piece by piece and the tooling and that should help you determine the price . There is not that much machinery , so it should be doable by you. On a side note a friend works part time for a Co. that has a part, it's aircraft tooling that is patented ( it's a simple clip for wire harnesses and then is disposed of after use) . The Co. is for sale all the machines are wore out and not worth much , they have had offers over 5M they are holding out for more .
 

Eddyde

Moderator
Staff member
H-M Supporter - Sustaining Member
Joined
Oct 13, 2014
Messages
1,220
Likes
942
#7
This comes up a lot. IMHO, There is no quantifiable price for used machinery. The value is what someone is willing to pay for it where and when it is being sold. Looking up prices on places like eBay are not accurate, as most of the machinery there is listed way higher than it actually sells for (I've seen some machines sit there for years) Although, you can search "sold listings" and get some idea. Machinery dealers will always offer low as they have to flip it and make a profit. Other factors are; location, machines are more valuable in some areas "Machine deserts" where there are few good ones available. Accessibility, where the machine is, how easy is it going to be to move out of there? And of course, the overall condition and accessories included.
If you are interested in buying it make an offer of what you think is a fair price and take it from there.
 

mikedad

Iron
Registered Member
Joined
Apr 30, 2018
Messages
7
Likes
2
#9
I wish that I could tell you that, but it was way too long ago. Another way would be to look for comparables on e bay on "finished" items.
Perhaps doing a thorough inventory of items present would be a good start.
Thank again That was where I started Inventory
This comes up a lot. IMHO, There is no quantifiable price for used machinery. The value is what someone is willing to pay for it where and when it is being sold. Looking up prices on places like eBay are not accurate, as most of the machinery there is listed way higher than it actually sells for (I've seen some machines sit there for years) Although, you can search "sold listings" and get some idea. Machinery dealers will always offer low as they have to flip it and make a profit. Other factors are; location, machines are more valuable in some areas "Machine deserts" where there are few good ones available. Accessibility, where the machine is, how easy is it going to be to move out of there? And of course, the overall condition and accessories included.
If you are interested in buying it make an offer of what you think is a fair price and take it from there.
Thank you I will do so Thanks again
 

brino

Active User
H-M Supporter - Sustaining Member
Joined
Jan 2, 2014
Messages
3,275
Likes
3,265
#10
@mikedad,

two thoughts beyond what has already been posted above.

1) if you post some photos and more info, you'll likely get better guidance.
as difficult as it is to advise without seeing it in person, it is slightly less difficult to advise based on pictures.

2) it is said here often that the price of all the accessories for a machine is typically more than the machine itself.
i have spent more in chucks than i did for my lathe!

Good luck!

-brino
 

eeler1

Dang, buggered that up too!!
H-M Supporter - Sustaining Member
Joined
Mar 7, 2014
Messages
403
Likes
181
#11
good advice on the client base or lack of. Makes a difference if you are stepping into income or have to develop it yourself
 

mikedad

Iron
Registered Member
Joined
Apr 30, 2018
Messages
7
Likes
2
#12
I wish that I could tell you that, but it was way too long ago. Another way would be to look for comparables on e bay on "finished" items.
Perhaps doing a thorough inventory of items present would be a good start.
Thank again That was where I started Inventory
This comes up a lot. IMHO, There is no quantifiable price for used machinery. The value is what someone is willing to pay for it where and when it is being sold. Looking up prices on places like eBay are not accurate, as most of the machinery there is listed way higher than it actually sells for (I've seen some machines sit there for years) Although, you can search "sold listings" and get some idea. Machinery dealers will always offer low as they have to flip it and make a profit. Other factors are; location, machines are more valuable in some areas "Machine deserts" where there are few good ones available. Accessibility, where the machine is, how easy is it going to be to move out of there? And of course, the overall condition and accessories included.
If you are interested in buying it make an offer of what you think is a fair price and take it from there.
Thank you I will do so Thanks again
i was there once. bought 242 tons of GM tooling - and was told at a bar how to pronounce "lancaster"
good advice on the client base or lack of. Makes a difference if you are stepping into income or have to develop it yourself
Guys Here are a few photos to start,
DSCF1402.JPG DSCF1395.JPG
 

westsailpat

H-M Supporter - Premium Member
H-M Supporter-Premium Member
Joined
Feb 14, 2016
Messages
497
Likes
286
#14
I'm interested to know what are your plans . Are you wanting to start a job shop and run it as a business ? Or are you retired and want a hobby shop ? Are you wanting to keep this all in place ? Is the building part of the sale ? Is there a product associated with this shop that you could produce with the machinery and sell ? Any customers ?
 

brino

Active User
H-M Supporter - Sustaining Member
Joined
Jan 2, 2014
Messages
3,275
Likes
3,265
#15
As mentioned above, location and whether or not it's a "package deal" will greatly affect prices.
All the equipment you have shown is well made/heavy duty and good names!

I do not have personal experience with much of it, but one data point:
A few years ago, I spent CAD$600 on my 1947 SouthBend 9" bench top lathe. It had good spindle bearings, quick-change gear box, taper attachment, but no chucks, no steadies, no toolpost, and a broken flat belt.

That lathe looks bigger(full cabinet, is it 13"?) and better condition than mine. It shows some light rust on chuck and hand-wheels, but likely mainly from dis-use. The ways still look rust-free! It looks to have a large quick-change tool-post.

Of course, a close inspection of spindle, ways, lead-screws and nuts is required to assign a precise value.
If it comes with accessories (3-jaw and 4-jaw chucks, any collets, taper attachment, steadies, etc.) that raises the value.

I'd likely be in the $1200-1500 ballpark for that lathe alone (with pictured chuck and toolpost).
Perhaps $2000 if there are more accessories.

-brino
 

mikedad

Iron
Registered Member
Joined
Apr 30, 2018
Messages
7
Likes
2
#16
As mentioned above, location and whether or not it's a "package deal" will greatly affect prices.
All the equipment you have shown is well made/heavy duty and good names!

I do not have personal experience with much of it, but one data point:
A few years ago, I spent CAD$600 on my 1947 SouthBend 9" bench top lathe. It had good spindle bearings, quick-change gear box, taper attachment, but no chucks, no steadies, no toolpost, and a broken flat belt.

That lathe looks bigger(full cabinet, is it 13"?) and better condition than mine. It shows some light rust on chuck and hand-wheels, but likely mainly from dis-use. The ways still look rust-free! It looks to have a large quick-change tool-post.

Of course, a close inspection of spindle, ways, lead-screws and nuts is required to assign a precise value.
If it comes with accessories (3-jaw and 4-jaw chucks, any collets, taper attachment, steadies, etc.) that raises the value.

I'd likely be in the $1200-1500 ballpark for that lathe alone (with pictured chuck and toolpost).
Perhaps $2000 if there are more accessories.

-brino
Brino
Thank you. There are a lot more accessories Here are some more Pic
PS. I still have not uncovered all the stuff that is in the Location

I'm interested to know what are your plans . Are you wanting to start a job shop and run it as a business ? Or are you retired and want a hobby shop ? Are you wanting to keep this all in place ? Is the building part of the sale ? Is there a product associated with this shop that you could produce with the machinery and sell ? Any customers ?
Westsailpat

I have a mill and a small lathe currently, I was looking at the Deckel when they offered all the building contents. I'm semi retired and more of a hobbyist It all must go They are selling the Property but there are tool boxes and cabinet that I'm still going thru and will have more pic soon. I thought about helping them sell the other parts
Thank you for your interest

mikedad
 

Attachments

[6]
[5] [7]
Top