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08 January 2018 | Retail Mortgages

Helping Inverness forecourt operator to expand

Specialist commercial finance broker, Christie Finance has helped the owner of Blackpark Filling Station with funding to acquire the leasehold of their second forecourt - Ord Filling Station in Muir of Ord, Inverness.

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The business has a great local reputation and remains a successful and profitable business operating 7 days per week. It enjoys a prime main road location within the town with a spacious forecourt, retail offering and a substantial workshop, which is currently utilised as an MOT Test Centre.

The new owner of Ord Filling Station is Shyam Karthikeyan, an experienced operator who has been working in the sector since 2005.  He brought his first forecourt in 2015 after relocating from Manchester to Inverness and since taking over Blackpark Filling Station has achieved a significant increase in sales and he saw Ord Filling Station has the perfect opportunity to grow his portfolio.

Finance Consultant, Stephen McConalogue helped Shyam with the required commercial funding. He comments, "I was delighted to help Shyam with finance to help grow his forecourt portfolio. I have helped a number of retail buyers and operators in the last six months to access market leading rates terms."

Shyam said of the deal, "Stephen has great knowledge of the sector, a good communicator and always came up with options to help me buy the business."