Can’t begrudge a man wanting to retire but certainly a shame if there is no buyer or successor for a profitable business.
What will happen to support for machines already sold – spares, manuals, parts lists etc? Will this aspect be handed on to a competitor or outsourced to the community?
Hi Adrian R2,
Waiting to hear from certain competitors to see who may be interested to take over the spares. Looking at it, the spares section of SIEG is a good ‘side’ business in itself. That is how Little Machine Shop started with SIEG – back in the day, without selling machines.
A lot of the spares are interchangeable between SIEG, CLARK – Machine Mart, Axminster. At the same time, certain spares are interchangeable within the SIEG machines range, so inventory does not need to be high.
What we have in stock for spares could be sold off as a complete lot (at a discounted price) to a potential buyer willing/wishing to run a SIEG spares department. Such a person/company could/would then be introduced to SIEG by me, to discuss future supplies.
Outsourcing to the community is also an option. Would need to work out how this would work.
Happy to discuss via personal message or direct email to ARC.
Thank you,
Ketan at ARC