Popular Newsagents In Consett County Durham For Sale

Business description

Preferred Commercial is delighted to offer for sale this popular newsagents, which was established in the 1960s and which has been in our client's careful hands since 2003. The newagents is only now being offered to the market due to our client's wish to retire. The business is run at a pace to suit our client and trades 7 days a week, generating a turnover in the region of £72,000 per annum with a gross profit of 21%. Denshams offers newspapers, PayPoint facilities, the Health Lottery, sweets, tobacco and a selection of food. We feel the turnover could be further increased by extending the range of products available and perhaps applying for an alcohol licence. The business has a loyal customer base and enjoys much repeat trade from the surrounding area. The premises boast a spacious retail area and a large storeroom to the rear, which could be converted into further retail space. This is an ideal opportunity to acquire an already busy newsagents with huge scope for future growth. Early negotiations with Preferred Commercial must come highly recommended.

Property information

Property:

Leasehold

Lease terms:

New lease to be negotiated
Rent: £83.33 per month

Location:

Denshams occupies ground floor, lock-up, mid-parade premises, ideally located in a densely populated residential area of Consett, County Durham. The premises are situated close to the local amenities, including a tennis club and a golf course. The business benefits from a prominent trading position and enjoys a high footfall with much passing trade. The area is well-served by public transport with a number of bus stops close by. The town centre is less than 2 miles away and possesses further complementary shops, businesses and amenities. Consett sits high on the edge of the Pennines and is surrounded by picturesque countryside. The town is home to the Empire Theatre, one of County Durham's oldest theatres. Newcastle lies 12 miles away, while Sunderland lies approximately 18 miles to the east.

Premises details:

Substantial ground floor lock-up retail premises. Briefly comprising:

Ground Floor
• Retail area with fitted shelving to walls, 2 x chest freezers, drinks chiller, glass refrigerator, ATM, newspaper display, counter with electronic cash register and tobacco gantry
• Storeroom with tobacco dispenser, shelving, sink, freezer, refrigerator and microwave oven

External
• Yard to rear
• On-street parking to front

Business Operation

Trading hours:

Mon - Sat: 6:00am to 5:00pm
Sun: Closed