10/4/2022 | Retail

Pair of highly profitable petrol forecourts in Liverpool sold to RFL Limited

Specialist business property adviser, Christie & Co, has announced the sale of two  high turnover petrol forecourts in Liverpool: Dunnings Bridge Garage and Mount Service Station.

Dunnings Bridge Garage

 Dunnings Bridge Garage is a modern and recently updated forecourt situated along the extremely busy A5036, only 7.5 miles from Liverpool City Centre. It benefits from a high volume of passing traffic, and is within a close proximity to multiple industrial estates, retail parks, fast food spots, and coffee shops. The site was branded as a BP forecourt with a Costcutter convenience store.

 Located in Melling Mount just 10 miles from Liverpool City Centre, Mount Service Station is a highly profitable, modernised business which is heavily relied upon in the local community. The site was branded as a Gulf forecourt with a Costcutter convenience store.

 Both forecourts have been operated by the Goodwin family for the last 15 years, and were recently brought to market to allow the family to retire. Following a confidential sales process with Christie & Co, they have now been sold, on a freehold and leasehold basis respectively, to growing multi-site  group, RFL Limited. Funding for Dunnings Bridge Garage was secured through Christie Finance.

The previous owner, Kevin Goodwin, comments, “Many thanks James for your work, not only in advising on the sale… but also in dealing effectively with any issues arising on the road to completion of both transactions.”

James Moore-Martin, Regional Director at Christie & Co who handled the sale, comments, “I’m absolutely delighted to announce the completion of this two-site group – Dunnings and Mount Service Station on behalf of the Goodwin family. We received instructions from the vendors to confidentially approach a range of trusted purchasers to dispose of the two sites, one on a freehold basis and the other on a new lease basis. After running a discreet professional process, we received a multitude of offers from various serious parties. I’m extremely pleased for the successful bidders RFL limited and the great team there of Naz, Dave, and Jen as they add these two high turnover Merseyside sites to their growing portfolio.

 It was also ideal to have Neil Collins from Christie Finance in tow on this transaction who ensured that the funding was secured. The successful completion of this group showcases the buoyancy of the market, as well as how effective Christie & Co are within the forecourt sector.”

 Neil Collins, Consultant at Christie Finance, who sourced funding for the buyer, adds,  

“Working with Naz and RFL was an exciting experience. They had clear plans with what they wanted to achieve not only in the short term but in the future. It was incredibly helpful to work with a client that has such a detailed knowledge of the sector and clear plans of what they want to achieve.”

 

For further information on this press release, contact:      

Bronte Hughes, Corporate Communications Executive

P: 020 7227 0794 or E: bronte.hughes@christie.com


Contact the agent:

James Moore-Martin, Director

P: 07764 241 288

E: james.moore-martin@christie.com

  

 Visit our Business Search page to find out more about our current listings.