Log In. Look it up, it is in the package! GUIDED SEARCH view all. Lionel's market is Hi-rail and traditional S. They are also very aware of the demographics in motion within the very small niche of S, which is similar to what is happening in the O 3-rail world, but the numbers are smaller in S. To wit: Boomers are aging out and passing. “I think it’s going to be pretty clean cut,” said Wolf, 49, in an interview Monday. Lionel had proffered a new agreement but the amount of money via royalties or other issues couldn't be resolved in the way that MTH felt they could continue in business. Rio Grande - The Action Road The remainder of my time will be busy as we clear out inventory and other miscellaneous items accumulated over the past 40 years. Click on the different gauges to learn more about the differences in size and offerings, otherwise click on the appropriate store department in … Great job & congrats to the winners! Lionel will be fine and dandy with the former SHS line fading away. Electric Trains, I want to thank you for the support and encouragement you have shown my company over our 40-year journey. View the Mike's Train House, Inc. company profile in Columbia , MD for your business needs. So the 2020 shutdown date in the title was bogus, that’s why we corrected it. If the molds are in China perhaps some Chinese entrepreneur could decide to run some product and sell it online? Upon our closing in May 2021, our ASC network will provide warranty coverage through April 2022. Nicholas Smith Trains - 2343 West Chester Pike - Broomall, Pa 19008 - 610-353-8585 Electric Trains would not have enjoyed success without the support of the M.T.H. Free shipping for many products! In view of the S side of MTH, you might want to brace yourself for what may happen: Nothing. Mike carries all the train brands and even Thomas the Tank Engine for those young folks just starting out in trains. Well, it is sad to see them go, I don't think they will be the last to give up. MTH Electric Trains Mikes Train House MTH40-1021 Realtrax O72 Switch Left $83.49 Bachmann Trains - Empire Builder Ready To Run 68 Piece Electric Train Set - N Scale Mike knows his product, and he is passionate about what he sells. 1694 and the Lionel 381 and 408E. As noted, even before COVID, we have seen quite a number of closings over the past several years - but sure, there may be some the COVID will push over the edge. You may have gotten $1200 in stimulus cash but the 10% and 1% got a huge tax break worth about 1.4 million yearly. Mike's Train Shop is a vintage hobby shop and lacks all the charm of big box retailers---thank God. Mike knows his product, and he is passionate about what he sells. I wouldn’t be surprised if Kader (Bachman) snatches up some of the pieces of MTH. Accessibility Help. New Pulpwood Car, How to Build Storage Tanks, and Running some Trains: Layout Video Update #2! I wish Mike Wolf a grand retirement. From what I am reading on the web, the Chinese economy is still growing and the price of goods manufactured in China is going up to compensate. Predatory payday lenders for the truly lower classes. Search up to date business pages at DandB.com. Lionel had proffered a new agreement but the amount of money via royalties or other issues couldn't be resolved in the way that MTH felt they could continue in business. Search up to date business pages at DandB.com. Same potential problem with Lionel’s TMCC. The truth is that most small buisnesses  in the US probably fall into that problem they do well enough to pay the owner/operator but not enough to Pay off the original owner. Organizing, storing, and keeping track of stuff for the layout ›. From what I read on the web, Mike Wolff wants to retire and an operating production agreement that MTH had with Lionel LLC over the production of Tinplate Classics was coming due for renewal. Just like in the past when the Japanese priced themselves out of the model railroad manufacturing business, things moved to Korea, I know at one point Overland Models started to build some of their items in China but that didn't last. The cost of doing business in China is going to get a lot more expensive in the very near future. New Pulpwood Car, How to Build Storage Tanks, and Running some Trains: Layout Video Update #2! I hope MTH can find someone willing to continue with the S scale products. Mike's Train house, MTH , MTH Rolling stock, Freight Sets, Caboose, O- Gauge, O-scale, Mikes' train house, MTH box cars O-Scale, O-Gauge. It does seem like a good example of why buying into a proprietary control system may not be a good idea though - unless someone buys MTH’s DCS system and keeps it going the folks who built their 3 rail empires on it may run into difficulty if they need more stuff. And has nothing much to do with the economy or the world or China or model railroads. Again, from the bottom of my heart, thank you for your loyal support for all these years. While all of this can be accomplished today on a computer screen, there's still enormous value in building something with your hands, making it operate, and sharing it with your friends. There is a very small market for these and if MTH wants anything for them,  they probably have to sell them cheap. So before you can sell a.business it has to be making a decent profit over and above the cost to run it. The hobby will do fine, we may just have to do more modeling to keep the cost down. Click here to browse our inventory & shop today! I expect that the old SHS line will just be gone. Sign Up. Modeling Focus: 1970's thru end of caboose era. Authorized Retailer network. The extremely wealthy are just the most obvious. When it comes to the really wealthy, you have to remember they are different from us. Click the image below to take a peek in our store. Much of the other work can be somewhat automated but adding all the grab irons, ladders, cab interiors etc, are labor intensive. A report from model railroading's trial of the century. Manufacturer. The warehouse being used by MTH was sold ( MPW Enterprises LLC was the owner ) on or about April 20, 2020 for about 14.5 million dollars. Once everything is finalized, the company decides on how they will advertise the sale to the public. M.T.H. From Tin House publisher and editor-in-chief, Win McCormack: Tin House's 20th Anniversary Issue, to be published in June 2019, will be the publication’s last. I'd love to see someone continue the line. June 8, 2020 - First, on behalf of M.T.H. New products, videos and news plus peaks at upcoming specials models is mike's train house going out of business all charm... Of the hobby will do fine, we may even get back to and... Product for a long time kick the bucket and talents were paramount to our success in... 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