Shop for sale

Little Dockray, Penrith, Cumbria, CA11

Leasehold 124 sq. m. | £54,950

Property Description

Commercial information

  • Business for sale
  • 1,334 sq ft (124 sq m)

Key features

  • REF 12458
  • LEASEHOLD
  • BOOK SHOP

Full description

Tenure: Leasehold

LOCATION
New Hedgehog Bookshop is located in Penrith, Cumbria.

The bookshop is situated in the beautiful historic town centre of Carlisle with views overlooking the medieval castle. Located in a pedestrian walkway the business is surrounded with many beautiful shops such as cafes, gift shops, clothing stores and more. The premise is double fronted with beautiful hanging baskets. The town centre takes pride with the abundance of flower trough displays which have been provided by the council. The pedestrian walkway is extremely popular with local residents and tourists.

The area has generous public transport with many bus stops dotted within walking distance of the store. The business is located close to the main high street, which is a main road in the town. The A66 and M5 motorway are just a short drive from the premise, these lead all across the UK.

BUSINESS
Hilton Smythe welcomes to the market New Hedgehog Bookshop. The business was originally established by our client in 2012. The owner is now looking to sell the business due to the desire to focus on other interests.

The business sells a huge range of books and small gifts. They have a large selection of children's books i.e. fiction and nonfiction, educational and tutorial. The business also sells adult books again fiction and nonfiction. The following are some examples of the popular genres of books local history, maps, educational, tutorial, language, biographies, recipe/cooking, health and wellbeing and chart books.

The children's section is very popular in this town and the current vendor has contracts from the local schools to supply them with books. This is a great bonus and guarantees sales. The current turnover for the book shop is a fantastic 123,000 per annum with a gross profit of around 42%.

The premise is spacious and is well-suited to the trade with its spacious interior. There is lots of browsing space, and it is set out so that you can move about easily with a pram or buggy in "toddler friendly" zones. There are also plans for a playroom upstairs.

Our client is very helpful to customers and the store has an exception reputation in the area, with excellent reviews on TripAdvisor.

The store is fully stocked with an abundance of choice. The owner can usually get requests into the shop within 48 hours. This is another great selling point and is why the store is so popular.

This is a fantastic opportunity for a purchaser with a love of books. Hilton Smythe highly advise early viewing to take in the full potential of the store.

PREMISES
The business is situated in a beautiful character property. This is a large open plan store with perimeter book shelving around. There are also tables and shelving. Dotted around the shop with displays.

At the counter there is a till, card machine and computer this is linked to an EPOS system. This is connected to the stock and Gardeners Company which is the wholesalers for all the books. The ground floor is used for the children's book section. There is a door to the rear that leads to the WC and kitchen which is fitted with a wall and base unit with stainless steel sink, oven and microwave.

Stairs leading to first floor where there are two further large rooms which host the large selection of adult books. Central isles and shelving to walls in both rooms. There are sofas and chairs in the upstairs rooms which allow customers to sample and read books.

The premises once used to be the Kings Arms Public House and the property still has many of the original features with wooden flooring and beams to the ceiling. The outside has good signage and is beautifully decorated.

TENURE
We are advised the business is leasehold.
Original lease length: 6 years
Remaining lease length as of 2016: 2 years
Rent: 6,250 per annum

HOURS
The business opening hours-

Monday - Saturday: 9am - 5pm
Sunday: Closed

The current owner does open on bank holidays and other national holidays.

STAFF
The business is run and managed by our client with the help of 2 members of staff.

FINANCIAL PROFILE
The business generates a turnover in the region of 123,000 per annum.
Gross profit 42%


Nearest stations

  • Penrith (0.3 mi)
  • Langwathby (4.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Penrith (0.3 mi)
  • Langwathby (4.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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