Asking price: £395,000

Sales revenue: £420,000

Net profit: Undisclosed

Fixtures value: £15,000

Stock value: Undisclosed

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.

Years established: 90

Employees: 2 vendors sharing duties with 5 part time members of staff as required.

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

Property: Freehold

Living accomodation
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.

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.

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.