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10 November 2016 | Retail Mortgages

Beeches Road Service Station in new hands

Beeches Road Service Station in Birmingham has a new owner thanks to the assistance of Christie Finance, who acted for the buyers in raising the specialist funding needed to purchase the business.

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Stuart Pawelczyk, Associate Director, who specialises in finding clients the most competitive commercial funding, has recently arranged finance for a number of forecourts across the Midlands for first-time buyers and experienced operators alike.

The client, an experienced Service Station Manager, was previously running a site on a commission basis in London and wanted to develop their own business.

Specialist business property adviser, Christie & Co, sold the service station with the previous owner selling the business to focus on other business interests. Beeches Road is a well-established business located only five miles from Birmingham City Centre and was refurbished only a short time ago, which has led to an improvement in trade.

Stuart assisted Fisca Ltd through the whole financing process, allowing our client to focus on making plans to relocate from London to Birmingham.

Commenting on the deal, Stuart said, “I am delighted to have helped Fisca Ltd, an experienced operator, to buy their first service station and deliver the right financing package.”

He continues, “The Petrol Forecourt Market remains buoyant with demand for new businesses extremely high and certainly outstripping demand. This business in particular attracted numerous offers, but with our guidance and the reassurance we were able to provide to the selling agent and vendor that funding was available, our clients bid stood out.”