New Rent Workshop, Hutton-In-The-Forest, Penrith, CA11 9TJ
130.05 Sq Ft
£35,000
Property Features
- Leasehold agricultural engineering business.
- Retirement sale
- Fully equipped business.
- Business could be easily adapted to car repairs, or similar engineering/repair business.
- Relocatable business, although currently the business rents its premises at £50pw
Property Summary
Long established leasehold agricultural engineering and lawn mower repairs business for sale. The business occupies a series of stone buildings around a gated yard in a pleasant rural location. The business is supported with work from the Inglewood Estate, as well a serving many local farmers and private individuals.
This is a well equipped business with 3-phase saw, welder, compressor, pillar drill, grinder and hydraulic press. The workshop is fully equipped with an extensive range of electric tools, hand tools, drill bits, blades, disks, nuts, bolts, trolley-jacks, stock steel, work benches, 1 ton rail crane, pressure washer, etc. Also include will be a vehicle lift and digger used for lifting steel although these may be obsolete and only have scrap value.
The business occupies a main workshop, with a two storey parts store attached, a gas bottle store and oil store. There is a WC in the oil store building as well as a parts wash. Externally there is a 20' storage container in the yard.
The business has traded for 40-years, but has more recently been running on decreasing hours a part-basis as the owner approaches retirement. In 2021 the turnover was £83,891 excluding covid support payments, with an Adjusted Net Profit/ EBITDA of £47,886, for 2022 the turnover was £60,351 with an Adjusted Net Profit/ EBITDA of £24,306 for 2023 the turnover was £55,774 with an Adjusted Net Profit/ EBITDA of £19,443 and for 2024 the turnover was £41,264 with an Adjusted Net Profit/ EBITDA of £16,430. The turnover and profitability should easily be increasable, with longer hours, limited advertising and diversification into similar business streams, such as motor vehicle repairs.
This is a well equipped business with 3-phase saw, welder, compressor, pillar drill, grinder and hydraulic press. The workshop is fully equipped with an extensive range of electric tools, hand tools, drill bits, blades, disks, nuts, bolts, trolley-jacks, stock steel, work benches, 1 ton rail crane, pressure washer, etc. Also include will be a vehicle lift and digger used for lifting steel although these may be obsolete and only have scrap value.
The business occupies a main workshop, with a two storey parts store attached, a gas bottle store and oil store. There is a WC in the oil store building as well as a parts wash. Externally there is a 20' storage container in the yard.
The business has traded for 40-years, but has more recently been running on decreasing hours a part-basis as the owner approaches retirement. In 2021 the turnover was £83,891 excluding covid support payments, with an Adjusted Net Profit/ EBITDA of £47,886, for 2022 the turnover was £60,351 with an Adjusted Net Profit/ EBITDA of £24,306 for 2023 the turnover was £55,774 with an Adjusted Net Profit/ EBITDA of £19,443 and for 2024 the turnover was £41,264 with an Adjusted Net Profit/ EBITDA of £16,430. The turnover and profitability should easily be increasable, with longer hours, limited advertising and diversification into similar business streams, such as motor vehicle repairs.