Busy Newsagent In Carlisle Cumbria For Sale

Business description

We are delighted to offer for sale this busy newsagent, which was established by our client in 1990 and is only now offered to the market due to our client's wish to retire. The premises are well-equipped to suit the trade with a spacious shelved serving area and large basement for storage. The business benefits from a high footfall and passing trade from the hotels and train station, along with much repeat custom from the surrounding area. Our client currently offers a variety of high quality general CTN lines, lottery and offers Payzone facility. The business currently trades 7 days a week, which generates a turnover in the region of £572,000 with a gross profit of 14%. We feel this could be further increased by extending the product range available and applying for an alcohol licence. The new owner could, if desired, establish a newspaper delivery service. This is an ideal opportunity to acquire an already busy newsagent with huge scope for further improvement. Early negotiations with Preferred Commercial must come highly recommended.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 10 years
Remaining: 7 years
Review every: 5 years
Rent: £290 per week

Leasehold rent:

£15,080 per annum

Location:

Hayhurst Newsagents occupies part of substantial mid-parade premises ideally located In Carlisle town centre, Cumbria. The premises benefit from being situated close to the town's amenities and are surrounded by a variety of complementary shops and businesses. There are regular buses running through the area and the railway station is a few minutes walk away. Carlisle is famous for its historic buildings and monuments and from being situated on the border of Scotland and England. The business boasts easy access to the local A-road network and the M6 lies less than 2 miles to the east.

Premises details:

Ground floor lock-up mid-parade newsagent's premises. Briefly comprising:

Ground Floor
• Shop area with newspaper and magazine rack, shelving, drinks chiller, greeting card display, counter with confectionery display and tobacco gantry

Basement
• Large basement area with shelving for storage
• WC with wash hand basin

Business Operation

Trading hours:

Mon - Sat: 5:15am to 5:45pm
Sun: 5:15am to 12:00pm

Other information

Related documents:

• 
• EPC