This is a rare opportunity to acquire a newsagent in the popular village of Rock near Wadebridge on the North Coast of Cornwall. Our client has owned the business since 2002 and is now looking to pursue his other business interests. The shop is being sold as a going concern, however the Landlord would consider alternative uses and a new 10-year lease at an annual rent of £10,000 is to be granted.

The business is located on Pavilion Buildings in Rock amongst a number of independent shops, John Bray Estate Agents and approximately 0.5 miles from the quarry car park in Rock itself.

Newsline is a small lockup shop currently operating as a newsagent open 07:00 – 13:00 7 days a week operated by our client with the help of one other member of staff. Turnover is as below with takings to December 2023 totalling £82,611.

YE May 2022: £167,323
YE May 2021: £142,485
YE May 2020: £131,181
YE May 2019: £157,042

The adjusted net profit stands at around £33,000 and there is obvious scope for growth by extending the opening hours, and running it without the need for another member of staff on the wage bill. Full profit and loss accounts are available upon request.