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Workshop for sale

Imberhorne Lane,East Grinstead,RH19

107 sq. ft. | £39,995

Property Description

Commercial information

  • Business for sale
  • 107 sq ft (9 sq m)

Key features

  • REF: 2979
  • LEASEHOLD
  • GARDEN EQUIPMENT

Full description

Tenure: Leasehold

LOCATION
Green Machines is located on a private site in East Grinstead, West Sussex.

The area in which the business is located is a vast open space amongst fields. There are three other businesses on this site which is fantastic as it brings trade to the area. The town is mostly residential with an exceptional amount of picturesque countryside. The business is located just out of East Grinstead town centre so benefits from the heavy footfall from the town.

The business is set just off the A22 that runs from Croydon all the way through to Eastbourne. The M23 motorway is just a short 5 minute drive away from the business which is great as this connects the town with the rest of the UK. This is a very popular location as the very busy Gatwick Airport is also just a short 10 minute drive away. In East Grinstead there is a train station and great bus routes.

BUSINESS
Hilton Smythe is delighted to welcome to the market Green Machines. The garden equipment business was originally established in 2005 by our client. The owner is now looking to sell the business due to the desire to take a well-deserved retirement.

The business generates its turnover from the sales of lawnmowers this includes lawn tractors, strimmer's, hedge cutters, blowers, garden vacuums, garden shredders and log splitters. The store also service and repair lawnmowers and other garden equipment. Annual services are sold with the sale of machines and any repairs. They do also sell second hand garden machinery.

The current turnover for the business is approximately 111,700 per annum, with a gross profit of around 28%. This is fantastic but we feel this could be increased massively. Some ways in which we feel this could be done would be to-
Open on Sundays
Develop internet sales
Increase pick up and drop off service
Further advertising

The business does have a website www.greenmachinesuk.com this promotes the products and services that are on offer, this also includes a brief price list. By expanding the website and focusing on internet custom/interest there will be a high increase in sales from customers out of the area. Currently the store focuses on the whole of the West Sussex area. If the new owner was to look into boosting the internet status there would be scope to look into the deliveries and the pick-up service. There is currently a delivery service which is based on the mileage of the drop off, we believe this is for a reasonable price. This would highly benefit the business.

The store does sell a great range of products and is an approved stockist for Alpina and Stihl which are big brands in the trade. They are also authorised to distribute for Hayter and the county's main distributor of garden machinery Atco.

There is a full time mechanic that works at the store who would be willing to offer their expertise to the purchaser. The business has a great reputation for its excellent product ranges, services and for the knowledge of smaller machines. Our client would be willing to offer a handover period which is fantastic for the purchaser.

We highly advise early viewing for any buyer interested in this business type.

PREMISES
The showroom is run from a converted barn which has a great amount of space.

Showroom -
Floor to ceiling shelving
There are two sides which are for displaying a minimum of 15 lawnmowers including lawn tractors and other garden machines
4 x storage cupboards

Storeroom -
Slightly larger than the showroom with additional storage facilities for a minimum of 20+ machines, this is currently used to house the winter stock.

2nd storeroom -
Smaller storage area with shelving to one side

Office -
There is a regular sized L shaped desk with pc, several filing cabinet and shelving

Workshop -
Separate work space fully equipped.

Workshop storeroom and kitchen area -
Fixed shelving with secure storage cupboards, sink and kitchen facilities

Staff toilet and changing area

Equipment included in the sale is as follows-
Grinding machine
Cylinder grinding machine
General workbench
Repair tools
Air compressor
Hydraulic pump up workbench
Large hydraulic pump up workbench (for tractor servicing and repairs)
50 gallon oil dispensing machines
COMS master degreasing point
Workbench
Several toolboxes and storage cupboards

Large external covered showroom space running full length of the unit, front lawn and communal car park for approximately 10 cars.

TENURE
We are advised the business is Leasehold.

Original lease length: 10 years
Remaining lease length: Over 3 years
Review every: 5 years
Rent: 5,700 per annum

HOURS
The business is open-

Monday - Thursday: 8am - 5pm
Friday: 8am - 4:30pm
Saturday: 8am - 12pm
Sunday: Closed

STAFF
The business is run and managed by our client with the help of 1 member of staff.

FINANCIAL PROFILE
The business generates a turnover in the region of 111,700 per annum.
With a gross profit of around 28%

Map & Street View

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