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13 April 2017 | Retail Mortgages

Experienced local operator acquires Sussex Service Station

Christie Finance, the specialist commercial finance broker, has assisted the new owners of the Texaco Service Station in Peacehaven, East Sussex with raising funding to purchase the business.

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Stuart Pawelczyk, Associate Director at Christie Finance, was able to help LSA Oil Limited represented by Husband and Wife team, Mr & Mrs Saravanapavananthasivam, find the most competitive finance package. The buyers are experienced forecourt operators who already own St Dunstan Service Station in Surrey and were looking to take on a second site to grow their business.

Specialist property adviser Christie & Co sold the service station, a long-established business in the local area, which operates on a busy main road into Peacehaven. The service station includes a retail offering trading under the Mace banner.

Stuart assisted the clients through the whole financing process, which allowed them to fully focus on their other forecourt business throughout the negotiations.

Commenting on the deal, Stuart said, “I am very pleased that I could help Mr & Mrs Saravanapavananthasivam find the right funding, with the right lender, at the right price. The forecourt market remains highly competitive with demand for new businesses outstripping supply. Having an experienced broker that knows the sector well will always make your bid stand out from competitors.”

To discuss finance in the forecourt and retail sectors, feel free to speak to Christie Finance and Christie & Co at the upcoming Forecourt Show and National Convenience Show at the Birmingham NEC on the 24 – 26th April 2017.