It should be no surprise to anyone that business is very slow. We are seeing an increase in quoted projects and also an increase in sales volume, however it still has a long ways to go before we are back to what I would call normal sales volume.
The building we are in has been listed on MLS for sale or lease. If our sales remain the same level we need to down size and reduce our overhead. Thus the reason the building is listed.
Industrial Revolution Ltd is still a thriving business and we are going to make it through this latest bump in the road. Our current thought is the building will not sell because the market in this area is currently flooded with “for sale” and “for lease” properties. If it does sell or lease we have made plans with 2 other business that will let us move in with them depending on the exact details.
If sales pick up and we start landing the large capital projects that we are good at doing the building will be taken off the market. So either sales come back or the overhead is reduced. Eventually something will happen I just don’t know what will happen first.
The day the sign went up Karl had just finished cutting the lawn and the guys showed up to install it. It was around 10:30 am. By 12 noon I had three calls with requests for quotes for large capital projects (rail industry project, replacement close capture hood arms for the foundry industry and a PTA request in the medical industry). What a strange day, this is why I say I really don't know what will happen first.
