Asking price: Undisclosed

Sales revenue: £480,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
This well established business has been successfully owned and operated by our client since 1980. This is a well operated large Independent Book Retailer with Café, In addition to mainstream books the business retails toys, classical CD’s and sheet music. Over recent years our client has concentrated his efforts on offering books that recognise the ‘green issue’. Our client has built up an enviable reputation and strongly believes that this is an exciting opportunity for someone to purchase a business that has strong foundations and huge scope to develop.

Years established: 29

Employees: Operated by our client on a full time basis alongside 7 part time sales assistants

Trading hours: Monday to Saturday 9.00am – 5.30pm

Property: Leasehold

Lease terms
We are advised that the premises are Leasehold Original Length 25 years Remaining until 2011 Rent £60,000pa Business Rates £24,000pa

Location
The business is located within Penrith Town Centre. The Bookshop is situated amongst a dense mix of independent business and enjoys plenty of passing trade

Expansion potential
Our client believes the business can be developed within the following areas: • New website – recently developed fully e-commerce • Increase marketing • Increase mainstream book range

Reasons for selling
Change of direction