Talking Retail Grocery and product news for independent retailers
Camstone Service Station, which was previously owned by Amar Shah of Midlands UK, features a Flames-branded takeaway, hand carwash, and established MOT/car servicing business. The fuel was supplied by Valero under the Texaco brand and Spar supplied the store.
Karan Retail said: “We are changing the convenience store onsite to a Londis-branded shop, but are continuing the fuel supply arrangement with Texaco.”
The sale marks Karan Retail’s second acquisition in Leicester, having purchased Houghton Garage on the A47 in Leicester in February 2020.
Christie & Co was instructed to confidentially market the site in August 2020. Dave Morris, director of Christie & Co’s Retail team, said: “The forecourt market has remained resilient despite the various challenges that the pandemic has presented. Most operators have experienced a reduction in fuel volumes, but an increase in fuel margins and better shop sales has helped to compensate for this.
“With fuel volumes already back to 95% on pre-Covid levels it is likely that the market will remain unchanged for the foreseeable future.”
