Expansion of chain into a new location

• Due to continued growth from existing operations a decision has been reached to open a new retail store at a new location to further strengthen the groups presence in the midlands.

• Strong local presence and customer loyalty in community

• High St location and access to passing traffic

• Well established brand in local community

• Strong industry experience of Directors

The funds will be used to aid in the setup of new store location which requires rebranding, fitout of shelving and amendments to layout of shop floor, acquisition of a refrigerator van to transport stock between locations, and install of security systems and POS systems to begin trading.

Clelands Supermarket Ltd are trading since 2006 and have established a strong retail presence in the Midlands in Laois. Operating out of two stores in Portlaoise and Abbeyleix with a strong presence in the local community. The management team have in excess of 25 years experience of store operations within a chain of 17 supermarkets and 18 sports shops. They currently have 2 supermarkets and 50 staff. Their plan to continue with expansion plans over the next few years. The goal is to form a chain of supermarkets with a central distribution depot located in Abbeyleix county Laois. The immediate goal is to locate viable stores and open them as part of the chain. Once they have established more than 4 stores they will look at setting up a central distribution depot and relocate the Head Quarters to this location. The intention is to create somewhere in the region of 500 to 600 jobs in their business. They have set a target of 10 stores over the next 15 years with a goal of 30 stores over the next 30 years and will possibly look at a franchise option in the future.