A bit OTT.... or is it?

[RonMig]

If you needed to break a contract like that, are there financial penalties? A mortgage (see zzr1200 comment) might be easier to both cancel and escape from "unscathed" if it all went sour in a few years...

 

[F.J.]

I know that living right next door to work would put you on 24 hr call out, but at those prices I'd be looking for a house with suitable land where you could get permission to run a business as well.

35 grand a year mortgage should buy a small holding...somewhere near possibly???.

I would love to buy my own place and have looked about but with the costs of building on land or getting somewhere ready along with time would put me back on my other work so letting a place already set up is a better option at the moment

 

[F.J.]

If your going from 1 to 5 trailers at a time your also going to have to start employing staff especially if your going 24 hrs. I build wagons and my boss doubled the size of the workshop last year, were stacked out with work from a lot of different customers but I know the rent on the building is a big worry. Good luck whatever you do.

I am looking at taking on a few staff but not going 24hrs straight away. Its all a bit scary/exciting as I didnt expect to be this busy so soon into self employment. I am currently talking to an old friend who is a self employed painter who is also looking at getting busier so maybe we could help each other out as it would mean him working in my unit thus paying towards the rent and bills

 

[strada]

I am looking at taking on a few staff

F.J have you an email address i can send you my c.v

 

[penfold]

I can currently fit one 40ft trailer in the unit I am in now but one of my customers (who I used to work for) has asked if I can find a bigger place then he would like to start using me as his main repairer, he now buys and sells 40ft trailers hence the needed space. The customer who I mentioned in my first post also does work for my former manager and currently has a big shop which is open 24hrs. That is a big positive factor for me to look at as he has only been going 18months longer than I have!

Can you sublet part of this customer's place if it's so big? That might give you a less scary half-way step between the options you've already got.

 

[zzr1200]

I would love to buy my own place and have looked about but with the costs of building on land or getting somewhere ready along with time would put me back on my other work so letting a place already set up is a better option at the moment

I know its few miles down the road and probably not in the right area, but there possible gems to be had.

And possible sub-letting opportunities as well.


"Steel portal framed Implement / Young Stock Shed with concrete base & lockable Store: 65'0" x 50'0" (19.81m x 15.24m). 2700 litre bunded oil tank. Power, light & water supply.
Steel framed 4-bay Barn: 60'0" x 25'0" (18.29m x 7.62m) with 2 open sections.
Block built Loose Boxes: 15'5" x 11'4" (4.7m x 3.45m) with adjoining Store.
Wall enclosed concrete Yard.
Former silage clamp.
Pre cast concrete framed former Shippon: 105'0" x 75'0" (32m x 22.86m) with concrete base, block walls & front / back sliding doors."

http://www.uklandandfarms.co.uk/rural-property-for-sale/north-west/cheshire/12639_100900013907/