- Listing ID: 768462
- (Seller ref: 3061)
Newsagent Off Licence & Convenience Established 90 Years For Sale
- Location:
-
- UK
- > England
- > Midlands
- > Nottinghamshire
- > Eastwood
- > Eastwood
- Category:
-
- Retail
- > General
- > Newsagents
- Type:
Listed by:
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Summary
- Asking price:
- £395,000 (Furniture / Fixtures included)
- Sales revenue:
- £420,000
- Cash flow:
- Available on request
- Years established:
- 90
- Employees:
- 2 vendors sharing duties with 5 part time members of staff as required.
)
Front view showing shop and 2 flats.
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)
Contact the seller
For more information about this business for sale, click the Contact Seller button.
Please only contact this seller if you have a GENUINE interest in buying this business. DO NOT MAKE CONTACT if you wish to sell your third party goods or services as you will be blocked from this site.
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- UK
- > England
- > Midlands
- > Nottinghamshire
- > Eastwood
- > Eastwood
- Retail
- > General
- > Newsagents
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