WT Estates is thrilled to announce the completion of Mellors Garage in Wantage, Oxfordshire. The owner of Mellors Garage first worked at the forecourt for 2 years as a parts person at the age of 16. He then had the opportunity to come back and acquire the same business in 2013. He is now looking forward to enjoying a well earned retirement. The service station included an Esso branded forecourt and an unbranded shop. The site also included a highly reputable MOT workshop, repair centre and car sales area. The forecourt has been developed and refurbished over the period of which the owners operated the business.
The successful buyer was locally based Krisco Services Group, a growing Top 50 Indie Trader who is looking to continue the growth of their business across England having already acquired another forecourt earlier this year.
Steve Henry, owner said “I want to say thank you to all the staff, customers and suppliers over the years of Mellors Garage, this was a tough decision to take but the right one for us and the business. It was a sensitive deal which took time to overcome, however having the support from my team made the deal as smooth as it could have been. I wish all the best to Kris for the future and the continuing success of their investment”
Kris Navaratnam Krisco Services Group, Owner of Krisco Services Group said “We are delighted to finally have acquired Mellors Garage. Once again, William Trott provided invaluable support and clear communication to enable us to complete the transaction in line with Steve's requirements. Thank you to Steve for working with us and the team at Krisco Services wish you the very best in your retirement.”
The demand for quality assets in the current market such as Mellors Garage has never been so large. With many buyers poised with funds readily available the market is clearly showing no signs of stopping this year. WT Estates are currently dealing with multiple petrol forecourts across England and are ready to help and advise buyers and sellers the best ways to invest and exit. Trinity Retail Sales will be working on upcoming PFS projects with WT Estates nationwide, to register for acquisition agreements to access off market sites, please contact [email protected]
WT Estates & Trinity Retail Sales
Trinity Retail Sales will be working on upcoming PFS projects with WT Estates, nationwide. To register for acquisition agreements to access off market sites, please contact [email protected]