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Author Topic: Any wealthy members here?  (Read 2625 times)

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Offline Papaw

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Any wealthy members here?
« on: May 01, 2014, 05:42:00 PM »
Liberty Tool for sale by owner.

http://maine.craigslist.org/off/4440978617.html



Quote
Skip Brack's 70th birthday resolution is to spin off the Liberty Tool Company from the Jonesport Wood Co., Inc. (est. 1970) to have a bit more time to read the New York Times and enjoy art walks. Objective: to cut down a 70 hour work week to a 48 hour work week.

Package deal: 3 historic properties in two locations, including 2.6 zillion tools and miscellaneous other items. Note: Buyers may buy one, two, or all properties.
A. The Liberty Tool Co. http://www.jonesport-wood.com/libertytool.html in downtown Liberty Village (formerly the Parmenter IGA) with all its contents
B. Banks Garage (a former Mobil station) with all its contents and Mobil advertising memorabilia (the ideal location to create a tool polishing, oiling, and pricing workshop) https://www.facebook.com/photo.php?fbid=10151412199126769&set=pb.128480471768
C. The historic Parks Block in downtown Searsport (circa 1820, national register of historic buildings), now called Captain Tinkham's Emporium, with all its contents http://www.jonesport-wood.com/captaintink.html . The property includes two occupied apartments (rental income: $1375/month), three storefronts, and a workshop with potential rental income of $1350/month. The workshop has previously been used for matting and framing but would make an excellent eStore location. The property also has a large backyard with a garden in progress.
The well-known name "Liberty Tool Company" will be included in the purchase. The sale may include training from Skip about successful tool-picking techniques, tool cleaning and polishing procedures, and evaluation and pricing. The person who buys Liberty Tool Co. will also have the option of purchasing incoming tools and antiques (except edge tools) from the Hulls Cove Tool Barn at a 30% discount.

The sale of Liberty Tool Co. does NOT include the Davistown Museum across the street, nor the inventory of the Liberty Tool eStore now located in the Davistown Museum building. Following the sale, the name "Liberty Tool eStore" will be changed to "Davistown Museum eStore." The extensive reference library on tools and industrial history will be available to the buyer whenever the museum is open.

Interested buyers please contact Skip Brack at the Jonesport Wood Company's Hulls Cove Tool Barn
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Offline turnnut

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Re: Any wealthy members here?
« Reply #1 on: May 01, 2014, 09:31:34 PM »
have been in all those buildings, but the one in Liberty is where I have been many times, it's a maze of rooms, chucked full of all kinds of tools, never left there empty handed.  the museum accross the street is mostly about Maine tools, but they do cover others. it's not too far from Rockland Maine. nice vacation trips.

I hope that the one in Liberty keeps in operation.   
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Offline Nolatoolguy

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Re: Any wealthy members here?
« Reply #2 on: May 01, 2014, 10:06:15 PM »
Here is a good video of the place

https://www.youtube.com/watch?v=3BnN1_FI4A4

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Offline wvtools

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Re: Any wealthy members here?
« Reply #3 on: May 07, 2014, 09:35:49 PM »
He does not give a price.  Maybe I will win the lottery this week.  Then I can buy all the tools and move them to my WV eStore.
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Offline turnnut

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Re: Any wealthy members here?
« Reply #4 on: May 08, 2014, 08:50:19 PM »
WVTOOLS, bring a large truck and a gang of healthy workers, this
would not be a one day job of moving everything.
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Offline TheBigTool

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Re: Any wealthy members here?
« Reply #5 on: July 29, 2014, 11:03:01 PM »
WOW! I wish I could have a place like that. I've been looking for a new opportunity but this one is too far and, without even asking, way too expensive. Very impressive.
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Offline Chillylulu

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Re: Any wealthy members here?
« Reply #6 on: July 30, 2014, 10:35:06 PM »
The deal isn't for the wealthy, they're keeping the cream and giving away the work. You'd still be in direct competition with the existing owners.  It can't pass a sniff test from half a mile away.

The problem is that they still get 1st shot at deals, giving a 30% discount on tools and antiques (You cant make anything at 30%.)  Buying the name is never as great as the cost.  Hard assets are the only thing you can count, and the vintage tool market is finicky.

The reason the deal isn't for the wealthy is, I think, it will require hands on work.  Someone retiring with enough to live on, but not enough to play on would fit in. Lots of hours is okay if you love the work.

I am, and will continue to be, skeptical.  If I was the current ownership group, and if I didnt have the ethics that I do, I'd plan on buying it back within 5 yrs. Its too easy now-a-days.

Run from this deal, but be sure to attend the auction.  You'll find better deals there.

Chilly
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