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Steve Herschbach

Tesoro Factory For Sale

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Well, it was quite depressing watching that video.....

It looks like they didn't run a well oiled ship, what a messy factory and office area, stuff all over the place. Seeing the video just shows what a small family operation they were and it's very sad to see them fall.

I don't know why the video zoomed in on someones addressed parcel sitting on the ground, probably somebodies warranty returned control box they'll never see again.

I did notice at the 1 minute 15 second mark they had stolen my detector holder design, which I stole off KiwiJW who informed me he had a copyright on 🙂

I hope all the staff got their entitlements.  I was hoping one of the big guys would buy them out but I guess their product line just wasn't viable in the current marketplace.  A few dedicated fans can't keep a business alive, especially when they have lifetime warranty so never need to buy a new machine.   They would have to make a fantastic new model every year or so to sustain enough sales.

I hope nobody else falls as I'm sure a few are at risk.

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Asking $1.4 million that’s over $100/sq. Ft. - doubt they’ll get it. They took out a $200k mortgage on it a couple of years ago, some bank will want their money back,

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They had a listing for business status in the past here but not sure how old that posting is:

https://www.dandb.com/businessdirectory/tesoroelectronicsinc.-prescott-az-12534255.html

Not sure with 4.8 mil in rev what a 200k mortgage would do. Maybe building maintenance ie roof or something?

I think they just lost heart in the business after Jack passed.

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Very sad, they made some of the very best audio machines I've ever used.  Very distinctive audio ID.  Loved the Tejon.

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Yet they still haven't made a public statement on what's going on, very poor form.  A small family business that couldn't care less about their customers.

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The should at least give a statement on where owners stand with the lifetime warranty and repairs.  My guess is neither will happen or be honored, though would be nice to at least have a definite yes or no and then people can move on.

Personally I think they just don't want to have to confront or deal with any potentially angry customers who may have bought a Tesoro late in the piece just before they closed shop (with a worthless warranty).

Even though our local agent carries out repairs to the Tesoro range, don't know how long that will last regarding sourcing parts or whether they personally have any in stock. 

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3 hours ago, Goldpick said:

Even though our local agent carries out repairs to the Tesoro range, don't know how long that will last regarding sourcing parts or whether they personally have any in stock.

From the video it looks like they just abandoned the place with all parts and equipment sitting there as if the Andromeda Strain had moved through.  I would think there will be an auction of the contents with proceeds going to creditors.  Someone is going to get a bargain on the parts, but turning that into a repair business is unlikely to be much of a money maker unless they already are doing such.

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What I am surprised by is that they even managed to last as long as they did. Coasting on 40 year old tech can only take you so far - and they aren't alone in this - hire a decent Electrical Engineer and try and make some real progress. Too much of what you see out there is just a rehash of the same old tech and designs. 

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They can't compete with the beginner market where machines with a vdi is more appealing to people starting. They could have competed on the mid to higher end and could have done better than what Blisstool has come up with. There is still a niche market for analog machines  but certainly not on the scale of any of the other makers. Riding on older models and too many models with no real future product development is always bad.

Goldpick, if your local agent is still doing repairs maybe you could post their contact info for those that need it?

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