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20 September 2016 | Retail

New entrants to sector acquire West Yorkshire forecourt

Specialist business property adviser, Christie & Co has sold the leasehold of Holmfirth Filling Station, West Yorkshire to a new entrant in the sector.

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Mr Rehan Rana & Associates, existing local business owners, have purchased the business which is their first in the forecourt sector.

The site which is located along Huddersfield Road, a mile from Holmfirth town centre, is a traditional roadside petrol station including fuel, a convenience store and a Post Office.

The previous owners, Mr & Mrs Ahmed of Blackburn, Lancashire wished to return to Lancashire and pursue their other business ventures. They had operated the site for one and a half years, having grown the business from a closed site into a now successful and profitable operation.

Jon Booth of Christie & Co’s Leeds office who handled the sale says, “New entry to forecourt ownership is often difficult and cost-prohibitive. Due to demand outstripping supply of these kinds of forecourts, the sale went through quickly achieving its full asking price of £110,000 with fierce competition.

“With fuel sales of circa 1.2 million litres per annum and an enviable annualised turnover of £1,407,966 for yearend July 2015, Holmfirth Filling Station stood out as a premium site to acquire.

“Mr Rana and his partners have bold plans for increasing the convenience retail offering and site volumes and we wish them all the very best.”

Mr Rana adds, “We have plans to grow the business by introducing a fast food offering in the very near future, including pizza and burgers as well as coffee with delicacies. We are also working hard to reduce the prices on the forecourt and keep them in line with our competitors at all times.”

Trading under the Murco canopy with a Premier branded shop, the site continues to operate as it stands.