For Sale

Popular Newsagents With 4 Bed Accommodation

Cockermouth, Cumbria

£499,950 +SAV

Ref: 14048 A

Contact sales negotiator

Kai Pollitt-Parry

01204556303

Email Kai Pollitt-Parry

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Description

Hilton Smythe are welcoming to the market Cockermouth Paper Shop, an award-winning newsagents shop located in the center of Cockermouth.

A fantastic opportunity for anyone looking to run their own business. At present our clients newspaper delivery consists of 25+ rounds, the only newsagent with a delivery service in Cockermouth and surrounding areas.

The shop stocks confectionary, cigarettes, magazines etc. This particular shop has a lot to offer, with plenty of scope to expand even further and increase the high and steady turnover the shop already has.

There is also a beautifully presented 4 bedroom house, which could be used as living accommodation for the buyer and family or rented out to increase monthly income.

The shop is extremely well established, our clients took over 20+ years ago and is now wishing for an early retirement.

As Cockermouth has a friendly community, the current owners have a good working relationship with the locals and is offering a handover period to ensure the continued success of the business. The business has a fantastic reputation and won Newsagent of the year 2010.

Tenure

Freehold

We are advised the premises is Freehold.

Hours

Current opening hours:

Monday – Saturday 4.00am – 5.30pm
Sunday 7.30am – 1.00pm

Staff

Our client and his wife run the shop with 3 staff members, 1 van driver and local paper delivery staff.

Financial Profile

The business reports a turnover for 2016 of approximately £839,000 with a gross profit of roughly 20%.

News sheets turnover approximately £260,000 pa

Location

The business is located in Cockermouth town center, Cumbria.

The business is surrounded by a wealth of complimentary shops and businesses and benefits from a high volume of footfall and passing trade.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. There are several local bus links to Penrith Railway station.

The area is also well served by the A-roads, with the A66 and the A595 being within easy driving distance of the business, which links to the M6 motorway network.

Premises

Ground Floor

Shop floor (8.17m x 4.17m)
Counter
Cigarette Gantry (imperial tobaccos)
Confectionary stands
Till
Ample shelving and display stands
large greeting card stands
Slat wall paneling display and hooks
Free standing greeting card stand
Central display stand

Store/Sorting room (4.67m x 2.70m)
Wall shelving and storage
Sorting table
Exit to rear yard and separate WC

Hallway (8.70m x 0.91m)
Leading to the staircase with interconnecting doors to the shop and house.

Lounge (4.61m x 3.94m)
Coal effect gas fire, laminate flooring and a built-in alcove cupboard.


Kitchen (3.6m x 3.42m)
Lovely fitted kitchen with built in oven and hob with stainless steel extractor fan.


Utility and storage room (3.27m x 2.23m)
Ample storage cupboards and sideboards to match the kitchen interior. Stainless steel sink and draining board. Underwork top plumbing for washing machine.


Shower room (2.19m x 1.36m)
3-piece suite in white, low flush WC, wash basin and corner shower cubicle. Chrome ladder towel heater. Airing cupboard and fully tiled.


First Floor

Lounge (4.90m x 2.94m)
Coal effect gas fire, and a built-in alcove cupboard.


1st bedroom (4.85m x 2.94m)
Good range of fitted bedroom furniture including wardrobes, over headboard cupboards lockers.

2nd bedroom (3.94m x 3.48m)
Large room with traditional exposed beam.

3rd bedroom (3.93m x 2.99m)
Large room with traditional exposed beam and Velux roof light.

4th bedroom (4.73m x 2.84m)
Large room with Fitted bedroom furniture.

3-piece bathroom (2.51m x 1.6m)
Fully tiled with Modern 3-piece suite in white, low flush toilet, wash basin, bath with glass shower screen and electric shower.

External
The front the shop has fantastic signage. There is a yard at the rear of the property with a good-sized stock room.

The premise is fully alarmed.

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