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Author Topic: Monahan Steam Models closed for business permanently  (Read 15042 times)

MONAHAN STEAM MODELS

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Monahan Steam Models closed for business permanently
« on: July 13, 2010, 02:23:40 am »

Monahan Steam Models is now closed for business permanently.

I would like to sincerely thank everyone who has supported us over the years. Please know that we will still continue to provide technical support for many, many, years to come to those of you who currently own our models and we will always be happy to answer any questions you may have. Since building steam engines for us is such a passion I have no intentions of dropping off the face earth. Please rest assured that we still have plenty of spare parts in stock which will only be made available to those of you who currently own our engines should they ever be needed. (In other words we do not wish to leave those of you who have supported us in the past high and dry with no product support.) The only major change from this day forward will be the cease of producing and selling anymore engines commercially. Over the next few weeks we will be focusing all of our attention on completing and shipping out the last batch of steam plants and engines that were ordered prior to the decision to make this closure. We have no wishes to destroy the good reputation or trust we worked so hard to earn by stiffing anyone especially since one day we may decide to return as a manufacturer.

Thank you once again for your support.

Best Wishes,
Nick Monahan
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gondolier88

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Re: Monahan Steam Models closed for business permanently
« Reply #1 on: July 13, 2010, 07:46:16 am »

That's very kind of you to announce it publicly Nick- a shame for those of us that aspired to own one of your engines one day.

Personally I think you just want the residual values to go up so you can ebay your old stock!!! %)

Those of us that know you will know that Nick is an extremely busy guy with many more time-consuming interests and talents than model steam engines.

I wish you well in your new direction mate.

Just don't forget us all on here- criticism and compliments are highly regarded from yourself mate!

Greg
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MONAHAN STEAM MODELS

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Re: Monahan Steam Models closed for business permanently
« Reply #2 on: July 13, 2010, 07:57:23 am »

Thanks Greg,

I still plan to be a regular pest on this forum so you haven't heard the last from me.  O0 If I can ever be of any help to anyone, please never hesitate to ask. I'll do my best to help.

To tell you the truth, I'm looking forward to having some free time to get back to building models again. The constant stress of worrying about enough money coming in the door to keep the company alive was becoming too much. Building models again will be a nice relaxing change of pace.  O0

Best Wishes,
Nick
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Re: Monahan Steam Models closed for business permanently
« Reply #3 on: July 13, 2010, 01:39:01 pm »

Sentiments as other forum Nick.

  Regards   Ian.
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Bunkerbarge

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Re: Monahan Steam Models closed for business permanently
« Reply #4 on: July 13, 2010, 02:23:50 pm »

I'm absolutely staggered.  I thought your range was developing superbly and each engine and boiler was a thing of beauty and quality engineering.  Your thoughts on future products offered such a lot of interesting ideas for the future and I was really looking forward to what you were going to produce next.

I wish you well in whatever venture you do Nick but I can only say that the model boating world has just lost an amazing supplier and I for one am very very sad.
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kno3

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Re: Monahan Steam Models closed for business permanently
« Reply #5 on: July 13, 2010, 02:28:01 pm »

Nick, I'm sorry to hear about that, because you're steam plants seemed are some of the nicest on the market nowadays. And I thought business was going well, now that you had even launched new products...
I wish you good luck with whatever you do and I hope you haven't given up on making steam models, even if they're just for your own use. I sure liked to see how you've built them.

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wideawake

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Re: Monahan Steam Models closed for business permanently
« Reply #6 on: July 13, 2010, 02:55:00 pm »

I'm absolutely staggered.  I thought your range was developing superbly and each engine and boiler was a thing of beauty and quality engineering.  Your thoughts on future products offered such a lot of interesting ideas for the future and I was really looking forward to what you were going to produce next.

I wish you well in whatever venture you do Nick but I can only say that the model boating world has just lost an amazing supplier and I for one am very very sad.

I can do little more than say "hear hear" to the above.   I didn't own one of your engines but aspired to do so in the future.  Maybe I will still have that privelige.    I'm glad t o hear that you'll be staying around the forums.  Good luck with whatever you do in the future Nick.

Guy
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Underpressure

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Re: Monahan Steam Models closed for business permanently
« Reply #7 on: July 13, 2010, 09:02:25 pm »

Nick, I can only say that I am stunned by this news.

I would like to wish you well for the future and am glad that we will still be able to benefit from your knowledge and experience.

Neil
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MONAHAN STEAM MODELS

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Re: Monahan Steam Models closed for business permanently
« Reply #8 on: July 13, 2010, 10:09:27 pm »

Thank you everyone for your thoughtful replies and PM's.

It has been my pleasure meeting and serving all of you.

Although I'm disappointed at the way things turned out as well, I'm can rest easy at night knowing that I poured my life into the company but the sales support just wasn't there to keep the company afloat.

I still have a massive amount of parts and fittings to build lots of steam plants still but I'm going to be holding on to them for now.

I am looking forward to getting back to building some models boats again and I'm really looking forward to being able to produce even more sophisticated engines and boilers since I won't have to worry about retail costs anymore.

I guess in a way I'm choosing to retire happily from the day to day blood bath of engine sales competition amongst other manufactures. I've made my contribution to the hobby, now I'm going to relax a bit. I'll let the other guys duke it out and drive themselves into misery while I enjoy doing what I love for fun. Maybe I'll irritate them off every so often by offering a extremely limited production high end engine or boiler at reasonable costs. Who knows who cares for now? I never wanted to be a manufacturer, I only stepped in because I saw that there was a need for it.

Please know that the model steam boat hobby is a lot more healthy than some of you may think. I can not even begin to tell you how many people there are around the world who do not participate in the forums but are very active in this hobby. Things are alive and well. So please do not think that our closure is a sign of the times. It's not.

Best Wishes,
Nick
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logoman

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Re: Monahan Steam Models closed for business permanently
« Reply #9 on: July 13, 2010, 11:02:41 pm »

I think you are doing the right thing Nick, you made an incredible contribution to the culture of model marine steam, and that is as much as anyone can possible hope for.
Time now to join the rest of us enjoying ponds, fire, metal and wood.

cheers,
Miles
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benjaml1

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Re: Monahan Steam Models closed for business permanently
« Reply #10 on: July 13, 2010, 11:10:49 pm »

Thank you for the enlightenment you have given me. Good luck for the future.... :-))
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MONAHAN STEAM MODELS

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Re: Monahan Steam Models closed for business permanently
« Reply #11 on: July 14, 2010, 04:54:19 am »

So I had a idea.

Since I still own the Company's website and will for the next few decades, I thought about converting it from a business type site to a model steam engine and boiler build blog type site. What do you guys think? I could post pictures and provide information of the step by step builds of new engines and boilers as well as provide links to other company's who sell model steam boat related products. The site gets a lot of traffic as it is so maybe I can convert that into a helpful place for hobbyists to gather info. Just an idea.

Nick
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gondolier88

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Re: Monahan Steam Models closed for business permanently
« Reply #12 on: July 14, 2010, 07:39:49 am »

 :-)) :-)) :-)) :-)) :-)) :-)) :-))

Go for it!
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boatmadman

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Re: Monahan Steam Models closed for business permanently
« Reply #13 on: July 14, 2010, 08:17:44 am »

Nick,

Great idea on for the website, it would make great reading for steam nuts.

Enjoy your new found free time!

Ian
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Flyerjeff

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Re: Monahan Steam Models closed for business permanently
« Reply #14 on: July 14, 2010, 10:59:25 am »

Very sorry to hear about to hear about your closing, I’m sure it will enable you to Enjoy the hobby again.
I think your idea for the web site is GREAT, a lot of people would jump at the opportunity of having your knowledge at their finger tips and it could be just what they need to start and finish a project that more than likely would never be considered without the help of you and your web site, so I say Go For IT.
 I would have a short cut on my desk top for sure.
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MONAHAN STEAM MODELS

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Re: Monahan Steam Models closed for business permanently
« Reply #15 on: July 16, 2010, 05:40:40 am »



Enjoy your new found free time!



Well, I thought I was going to have somewhat of a break during the transition of employment but after a brief meeting Wednesday morning with old contacts it looks like we are immediately getting thrown back into the aerospace and medical device component manufacturing field. We landed our first major annual machining contract before it was even lunch time. Looks like it's time to get back to work already.
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tigertiger

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Re: Monahan Steam Models closed for business permanently
« Reply #16 on: July 16, 2010, 05:48:57 am »

Congratulations  :}and commiserations <:(

At the least the wolves will be kept well away from the door for the foreseable future. ;)
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Circlip

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Re: Monahan Steam Models closed for business permanently
« Reply #17 on: July 16, 2010, 01:12:18 pm »

Luxury, you did have three days rest. Good to see the tumbleweed isn't having chance to grow. Wish you every success in your "New" venture Nick.

  Regards  Ian.
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Bee

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Re: Monahan Steam Models closed for business permanently
« Reply #18 on: July 16, 2010, 04:52:13 pm »

Bearing in mind the number of posts that ask 'what engine is this' one of the first things your new website could do is clearly list all items you ever produced while you still remember so in 20 years time identification is unequivocal.
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gondolier88

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Re: Monahan Steam Models closed for business permanently
« Reply #19 on: July 16, 2010, 05:35:02 pm »

 :oHopefully Nick will have made some more in the next 20 years!

Greg
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MONAHAN STEAM MODELS

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Re: Monahan Steam Models closed for business permanently
« Reply #20 on: July 16, 2010, 05:45:19 pm »

Well, considering that I was 25 when I started the company with the first Heron engine and I'm 32 now, there's a very real possibility I'll be back sometime in the future.
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kno3

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Re: Monahan Steam Models closed for business permanently
« Reply #21 on: July 18, 2010, 12:47:08 am »

I didn't realise you were so young  :-)
How many engines did you build in these 7 years?
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MONAHAN STEAM MODELS

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Re: Monahan Steam Models closed for business permanently
« Reply #22 on: July 18, 2010, 03:28:34 am »

Not many people knew how old I was Calin.

In the 7 years MSM was producing and selling products, I built engines and boilers ranging in the hundreds. Please keep in mind that I built my first steam engine with my father when I was 12 and I never stopped since then. I feel the question you should be asking is how many engines and boilers have I built and designed since the age of 12. The answer is way too many to count.  {-) I've been operating full sized steam equipment since the age of 15. I guess you could say that I've always been involved in steam one way or another. I learned how to properly Tig, Mig, and Arc weld by age 14. Which led to the obvious construction of go-carts for my friends and I. My father had a well equipped shop which I spent my whole childhood in. I learned how to design and make stuff at a very young age since I was fortunate enough to have almost every tool you could think of was at my fingertips. I can't thank my father enough for allowing me to run free in his shop which I know on many occasions actually drove my parents mad. Not to mention all the stuff I broke and had to work to pay for the replacements.   %)

My expertise does not only include steam equipment though. By the age of 19 I was already employed full time as a journeyman mechanic and metal fabricator for American Airlines till I was laid off shortly after turning 20. ( I had only gotten the job shortly after turning 17) When I was finally called back to work 6 months later I had already started a fabrication business 5 1/2 months prior which was growing rapidly. Prior to me selling that company we had been producing components for everything ranging from simple aircraft parts, to structural components for cranes, to decorative handrails for people's homes. I remember once we even built a small custom hovercraft for one customer. That company was very interesting because basically you name it, we either designed it or probably built it. However during the time of running that business I was also consulting and designing stuff for other companies part time. The fabrication business grew very rapidly and was highly successful but I personally found it to be no longer fun so I sold it at age 25 and it's still alive and well today. Shortly after the first few years of starting the fabrication business I had also decided to start a full time production machining career in the evenings since I had already been regularly using machining equipment since I built my first engine with my father at age 12. I had always been drawn to precisely machined parts since that age. Through long time personal connections we were lucky enough to have acquired a few very important machining contracts. We were mostly making components for the technology sector.

I continued doing contract machining work till age 29 when the semi part time business that I had started four years earlier as a hobby (which most of you know as Monahan Steam Models today) began requiring too much of my time. Sales were increasing and since there wasn't enough time to run both companies, the decision was made to focus 100% on MSM since I always enjoyed making steam engines. So that's what I've been doing mainly for the last three years but there has also been brief consulting gigs and short run productions contract jobs thrown into the mix in between whenever free time was available.

With the global economic decline, sales began to significantly drop off with MSM. Although in the history of MSM this was only starting fairly recently over the past many months, it got to the point during the past few months where things were getting worst. It began forcing me to constantly have to stress out over whether the basic operating expenses were going to be paid or not. Which they were not, and I had to bail the company out. Without the personal income seen in years from my past businesses, I literally had nothing left in my pocket to bail MSM out this time.

So MSM was sadly shut down on Monday July 12, 2010.

I've never been one to sit around feeling sorry for myself so, the next morning the phone was picked up and many calls placed to long time business connections. After which time a meeting was already scheduled for Wednesday morning with one of those connections. The result of that brief meeting was the successful securing of our first large annual production machining contract before it was even lunchtime. Thursday was spent meeting with the corporate attorney for setting up the new machining company. Work began on Friday and Saturday making the first types of contracted parts which have to be delivered Monday. Sunday is also going to be spent finishing up the last of these particular parts which in the end will be used in laboratories for the medical research industry. More machining work from other companies has already been submitted to me since Thursday.

Moss never gets a chance to grow on me.  {-)

Nick
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gondolier88

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Re: Monahan Steam Models closed for business permanently
« Reply #23 on: July 18, 2010, 01:14:50 pm »

Not to mention certain fast US cars that go around a big loop.... %)

Greg
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kno3

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Re: Monahan Steam Models closed for business permanently
« Reply #24 on: July 19, 2010, 04:25:55 pm »

Good luck with your new business Nick! Who knows, maybe after you get things going well you could even be able to re-start making steam models again, perhaps as a side business.
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