Sidmouth newsagents victims of recession
PUBLISHED: 16:21 16 January 2009 | UPDATED: 12:15 17 June 2010
THE COUPLE who have run Temple Street News since February 2000 are Sidmouth s first victims of the recession.
THE COUPLE who have run Temple Street News since February 2000 are Sidmouth's first victims of the recession.
Peter and Janet Sullivan will close their doors on Saturday, January 24, and lose not only their livelihood but their flat above too.
"We were starting to build our business up after the first two years but the last two years we have noticed a down-turn, especially since October last year," said a gutted Mr Sullivan this week.
The couple, who have a son living in Exeter, sold their house in Sheffield to open the newsagents. Now they have lost everything.
"We just couldn't get the support we needed from the bank to keep the business going," said Mr Sullivan, who is vice-chairman of Sidmouth Town Council.
"We have nowhere to live. We tried selling the lease but no-one wanted it. It is disappointing the bank couldn't give more support when they obtained a lot of money from Central Government which, I understand, was to help small businesses."
He said more and more people were using their car to drive into Sidmouth rather than walk.
"Personally I think that is why Woolbrook is doing well because of Lidl's car park. It is awkward for people to park on Temple Street and there are only a few places in the car park."
Mr Sullivan, who does not employ anyone else in the shop, said the first signs of trouble came on Christmas Eve.
"We are trying to sell our stock off between now and January 24," he added.
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