Newsagent Off Licence & Convenience Established 90 Years For Sale

Business description

Ellis & Ellis are pleased to offer this large, top quality news agency / convenience store with off-licence and Lottery enjoying a main road location in Eastwood, a town some 7 miles to the west of Nottingham. The shop has served the local community for more than 90 years and can demonstrate a long period of sustained profitability. Sales are in the region of £8,000 to £9,000 per week plus £4,000 per week in respect of the Lottery. This is a genuine retirement sale by the current owners.

Property information

Property:

Freehold

Living accommodation:

There is living accommodation above the shop. 1st Flat comprises a large hall, lounge extensive dining kitchen, 2 double bedrooms, a box room and a bathroom. (Overall size 47’ by 15’) 2nd Flat comprises a corridor hall, kitchen, sitting room, 2 bedrooms and a bathroom. (30’ by 15’) The apartments are double glazed and benefit from gas central heating and were subject to a full upgrade in 2006 with new bathrooms and kitchens. These are currently let on assured shorthold tenancies at £475 and £450 per month respectively.

Location:

The store trades from a corner site on the main road between Eastwood and Ilkeston. Close to Junction 26 M1 Motorway and about 7 miles to the west of Nottingham.

Premises details:

The retail premises comprise a large corner property with a ground floor sales shop plus 2 self contained appartments above.

Other information

Expansion potential:

Whilst the owners achieve a very good level of sales, a younger more energetic couple could be expected to increase these even further.

Planning consent:

We understand A1 retail approval is held.

Competition / Market:

Normal local competition but none of this size in the immediate area.

Support & training:

Full support and traininmg will be given if required.

Reasons for selling:

This is a genuine retirement sale.

Trading hours:

Monday-Saturday 6am to 6pm (7.30pm Lottery nights) Sunday 6am to 12.30 midday.

Furniture / Fixtures value:

£15,000 (included in the asking price)