Leasehold Newsagent in Cumbria For Sale

Business description

Bag a Business Ltd is delighted to offer to the market this much loved community newsagent business. The business has over 20 years of trading history and has been in our client's careful ownership since 1992. Only now is the business offered to the market due to our client's wish to retire. The business has been consistently updated by our client and has two separate areas with racking and shelving to display a full range of newspapers, magazines, stationery, groceries, greeting cards, confectionery, household essentials, soft drinks and crisps. The business has a very high percentage of cigarette sales (24%), which results in a consistent footfall throughout the day. The business is run at a pace to suit our client and enjoys an annual turnover of approximately £350,000, achieving a gross profit of 16%. The business benefits from a very low rent, which is only £92 per week. Early discussions with Bag a Business Ltd must come highly recommended.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 22 years
Remaining length: 7 years
Review every: 5 years
Rent: £92 per week

Living accommodation:

ACCOMMODATION DETAILS Fully alarmed shop unit with newly fitted flooring, briefly comprising: GROUND FLOOR Main shop with: . Wall to wall shelving . Newspaper and magazine racking . Central product displays . Several cold drink chillers . Sales counter . Cigarette gantry . Traditional sweet cabinet . Confectionery stand . Shelving units . Fully shelved rear stock room . Kitchen . Staff WC EXTERNAL . Small delivery area to rear

Location:

This highly visible newsagent business is centrally located within a large residential estate in Egremont, Cumbria. The area is one of the largest residential estates in Cumbria and is popular with families who move to the area due to the availability of local housing and excellent schools. The business is situated in a row of three units, which include a fish & chip shop and a convenience store, with free car parking directly outside. Coleridge drive is accessed via St Bridgets Lane that leads directly to the centre of Egremont and the A595, which provides easy access to nearby Whitehaven and Workington.

Other information

Trading hours:

Mon - Fri: 5.30am - 8.00pm Sat - Sun: 5.30am - 5.00pm