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 June 1, 1999

Metal Warehouse to use loan to find warehouse

BOULDER — The Metal Warehouse is looking for a new home.

Andy Dimock, owner and founder of the new metal-distribution business, wants to move his company out of his home to a real warehouse that has a space for him to be able to keep an office there. He recently received a Small Business Administration “Fast Track” loan for $99,500.

“I started this business in October, and I am to a point where — with this SBA loan — I can now move to a new location,” Dimock said. “Right now my wife and myself and a couple of contract employees run the business. We will use the SBA loan for cash flow, to cover expenses and to hire some new employees.”

Dimock is looking from Broomfield to Longmont for about 2,500 square feet of warehouse space with the small office and expects to be able to move within three months.

“Gunbarrel would be a great area for me,” he said.

Working out of his home, Dimock must rely on friends to store metal for the business. Because his space is so limited, he usually places special orders for people and delivers it as soon as possible. “I only have about $5,000 worth of inventory,” he said.

Dimock has carved a niche by wholesaling highly specialized metals that are difficult to find at standard metal yards. “My area of metals is very specialized,” he explained. “I deal with high nickel alloys, titanium, magnesium and other metals. Sometimes customers such as Ball Aerospace might want a couple of pounds of titanium, for example. We have sold material to artists — stainless steel for doors — and we sold some metal to the Metropolitan Museum of Art in New York City.”

Metal Warehouse also sells material such as metal tubing to industrial fabricators and other companies for use in various products such as the handrails used in bathrooms, post offices, schools and other buildings. “We sell nuts and bolts, tubing and sheet metal for fabrication,” Dimock said.

After working in the metal business for eight years, Dimock saw he could create a second side to his business, and he started a computerized inventory-management service.

“Generally I find the customers — I go into a company and find a niche,” he said. “I find an area where they are having trouble, and I offer resource materials. I help them with their inventory management. I establish a management system.”

Dimock finds his specialty metals at mills around the world. He became interested in the specialty-metal business while working for a metal company in Boulder.

“I saw a niche that my previous employer did not want to pursue,” he said. “But we have a good working relationship, and we can really complement each other.”

Customers often are referred back and forth.

“I am in the high-dollar specialty-metals market,” explained Dimock, who plans to franchise his business nationwide.

“Optimally, I want to open a facility in this area and have about five employees,” he said. “Ideally, I want to have warehouses in Denver, Grand Junction, Greeley, Colorado Springs and Fort Collins, offering the first franchise within five years. It is my hope to go nationwide with this business.”

BOULDER — The Metal Warehouse is looking for a new home.

Andy Dimock, owner and founder of the new metal-distribution business, wants to move his company out of his home to a real warehouse that has a space for him to be able to keep an office there. He recently received a Small Business Administration “Fast Track” loan for $99,500.

“I started this business in October, and I am to a point where — with this SBA loan — I can now move to a new location,” Dimock said. “Right now my…

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