Engineering companies for sale in Penrith

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Imran Ahmed (Nov 2014)
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Freehold Price: £325,000 Turnover: £320,000 Gross Profit: £79,000
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Business Description
BUSINESS
Hilton Smythe welcomes to the market Cougar Craft.  Established by our client some 30 years ago the business is a highly respected wood working and manufacturing concern, which genuinely comes to the market as our client looks towards retirement.

Cougar Craft produces beautifully hand crafted products, including bespoke children’s furniture, display cabinets, dolls houses, blackboards, and display stands.  The business uniquely also specialises in the supply of sensory toys for special needs children.  Our client and staff member are both highly skilled craftsmen and produce top quality products to clients individual requirements.  Also a large percentage of work is producing stretcher bars for oil or photographic canvasses.  All products are sourced from sustainable wood suppliers.

Although clearly successful, we believe the business has huge potential for growth.  In particular we believe the business would benefit from a marketing and advertising campaign, as currently none is undertaken as the business replies on its excellent reputation and word of mouth referrals.  The business could expand into complimentary lines, promote CNC profiling and utilise the internet including e-mailshot to customers to attain new business contacts.

The sale includes a user friendly website www.cougarcraft.co.uk which could be further developed by introducing an on-line shop, which we believe would greatly enhance sales.  Our client is willing to assist with a six month hand over period if required.

This is a lovely highly respectable business.  We believe it would be an ideal acquisition as a bolt on to an already existing business operating in a similar field or equally an opportunity for an enthusiast skilled craftsman/woman to continue the outstanding quality concern.

LOCATION
Thwaites Services Ltd is located in the pretty village of Morland, surrounded by the rolling hills of the Eden Valley, just south of the market town of Penrith in Cumbria.

The business occupies a large fully fitted industrial building within approximately a half acre site.  Although rural Morland is easily accessible from the M6 motorway and the national motorway network.

The substantial site provides parking for 10 vehicles.

PREMISES AND EQUIPMENT
Two 17ft x 80ft single storey domed units, ideally located at the entrance to the industrial park.

Ample shared parking to the frontage.

Shelving and racking to suit trade.

Equipment includes CNC router, large overhead router, several compressors, spray booth, 2 cross cut saws, band saw, fork lift truck, several dust extractors, demention saw, hauncher, wall saw and planer-thicknesser.

One of the unit houses an office, whilst the other has toilet facilities and kitchen.

In addition there is a 20ft shipping container – useful storage space.

TENURE
We are advised Freehold.

HOURS
To be advised.

STAFF
The business opens:-

Monday to Friday 8.30am – 5.00pm

Saturday and Sunday closed

FINANCIAL PROFILE
The business reports a fantastic turnover of £325,000 per annum, with gross profit at £80,000.


Tenure: Freehold

Listed by: Hilton Smythe
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