Licenced Newsagents & Convenience Store - Kendal

Business Traded As Normal Throughout 'Lockdown' (Covid19)
Year End Accounts Available to 31 December 2019
Annual Turnover (Year End 31.12.19) £297,931
Annual Gross Profit (Year End 31.12.19) £54,546
Low Rent Of £144 Per Week
Extremely Well Established
Town Centre Trading Position
Lottery & Payzone Services Offered
Private Parking For Staff
Potential To Introduce Delivery Rounds
Excellent Transport Links
Located in Popular Tourist Destination
Scope to Introduce Online & Social Media Presence
Potential to Extend Opening Hours
EPC – E
REF 6874 – Leasehold Licenced Newsagents & Convenience Store

Blacks Brokers are pleased to bring to the market this leasehold licenced newsagents and convenience store located on the main high street in the centre of Kendal, Cumbria.

INTRODUCTION

Kirkland News is long established in the area. Our client took ownership in 2009. The shop is very well known and has a strong base of regular customers in place. Our client has introduced a range of products and services including National Lottery, Payzone, magazines, newspapers, food and drinks, alcohol and much more.

LOCATION

Kirkland News occupies a prominent trading position within a parade of shops and other businesses. This area has a mix of commercial & residential properties, with neighbouring businesses including eateries, hair salons and large multiples such as Rowlands Pharmacy and HSBC. The area is well linked by the M6, A6 and A684 with strong public transport links and parking is available in the surrounding area.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to the demands of our client's other business commitments being higher than anticipated, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a Full Repair & Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a twelve year lease which began in 2016 at a cost of £144 per week.

BUILDING LAYOUT AND DESIGN

Kirkland News operates from the ground floor of a spacious end of terrace property in the old town area of Kendal. The business has branding and signage on display above a partially glazed frontage with matching canopy cover. Inside, the main shop is well presented and fitted with a range of wall shelving, central gondolas and display fridges and freezers as required. The counter is positioned to the rear of the space with office, stock room, kitchen and toilet facilities behind. All areas have been finished well.

STAFF

The business operates with our client in employment working on a full time basis, with one additional member of staff currently contracted to 29 hours per week.

FINANCIAL DETAILS

Kirkland News has traded solidly since opening and our client has established a strong customer base. The business currently has Year End Accounts Available to 31 December 2019, showing an Annual Turnover (Year End 31.12.19) £297,931, Annual Gross Profit (Year End 31.12.19) £54,546.

BUSINESS RATES

The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This long established business is very well known in this area and has a large, repeat customer base as well as benefitting from a large amount of passing trade due to this superb location. There is plenty of scope to develop the business further with the introduction of new product lines, an online and social media presence and a strong marketing drive. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Fixtures:
Shelving

Racking

Drinks Display Fridge

Chiller Cabinet For Food

Coffee Machine

EPOS Till

Office Computer