Bridge News, 2 Crown Square, Matlock, Derbyshire, DE4 2AT

The newsagents occupies the ground floor of this three-storey end of terraced property. The lease includes the ground floor, a first-floor office space to the rear and a basement. There are two bay windows that have views over the river Derwent. There is no parking included with the business.

Bridge News is located in the historic town of Matlock in the Peak District next to the river Derwent. Matlock benefits from a train station with links to Derby and Sheffield and is on the A6 that links Derby to Manchester. The newsagents benefits from an excellent trading position within the town, located next to the river Derwent and the historic Matlock Bridge that carries the A6 over the Derwent. This bridge is a main thoroughfare in the town with high footfall that links the town centre with Dale Road where there are a number of popular bars and restaurants. It is opposite the former Crown buildings next to the main roundabout in the town centre. Matlock is popular with tourists all year round and is the largest town in the Derby Dales.

The retail trading area extends to approximately 630 sq. ft including the coffee shop.

Newsagents
The trading area is divided by a central island gondola unit displaying a variety of confectionary items and sweets. There is also two free standing soft drinks fridges, and display shelving surrounding the edge of the trading area used to display magazines and newspapers with an ice cream freezer in one corner. A free-standing gift card display unit is next to the central gondola. A one position sales counter sits to the side of the trading area with a cigarette gantry behind.

Coffee shop
To the rear of the news agents trading area there is a small seating area with approximately 10 covers and a small cake display unit. Next to the newsagent’s sales counter there is a coffee and food preparation area with a commercial Barista style coffee machine. This area has good views of the Derwent river. A door to the rear of the coffee shop leads to the ancillary areas including the basement.

Barber shop
There is a separate door to the side of the newsagent’s sales counter that leads to a small barbershop that is sublet to a third party.

There is a door to the rear of the coffee shop area that leads to a small storeroom with a doorway leading down to the basement. The basement is not currently used by the owners but with some works could be in future. A staircase leads to a small first floor office and a staff WC.

Bridge News is an excellent opportunity for an owner operator to acquire a busy newsagents with an established local customer base, also benefiting from a seasonal uplift during the holidays and summer months. There is scope to extend the opening hours as the business is only open until 5pm due to the current owner’s circumstances. The Newsagents would also benefit from the addition of an alcohol licence and the introduction of a wider convenience food range and food to go.

There is one full time member off staff and four part time members of staff. We can provide a full staff schedule upon request.

We are in receipt of profit and loss accounts to October 2021 that show a turnover of £588,155 producing a gross profit of £90,446.
The Barbershop income is including with this and is currently £6,000 per annum.

Monday to Saturday - 5am-5pm
Sunday (Summer) - 5am-4pm
Sunday (Winter) - 5am-12pm

Lock up only. Leasehold 1 year rolling with the option to renew the agreement and create a new lease with the landlord. Current rent £12,049.34 per annum. The Barber shop lease is is a rolling 1 year lease, with three months’ notice by either party

The Rateable Value from 01 April 2023 is £10,250