Established petrol station in Northwest London on the market following 30-year ownership
Specialist business property adviser, Christie & Co, has been instructed to market Craven Park Service Station, in Brent, London.
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Ideally located in the Northwest borough of London, Brent, Craven Park Service Station is just eight miles from the centre of London and benefits from both commuter and local trade. The business comprises a four-pump petrol filling station, a convenience store, a jet wash bay and also includes water machines.
The business has been co-owned by three partners, Parimal Patel, Yogesh Chag and Rohitkumar Patel, since 1994 and has been significantly developed over the years. The business has now come to the market as the three owners wish to take a step back and plan for future retirement.
Parimal Patel, comments, “Our partnership assumed control of Craven Park Service Station in August 1994. Shortly after, we encountered a challenging price war that led to the closure of many independent retailers. Despite this, we persevered, successfully navigating through difficult times to make Craven Park Service Station a thriving business.
“In 2002, we redeveloped the site extensively, expanding the shop significantly while maintaining the forecourt operations. Initially, the station had a supply agreement with Jet, but we later transitioned to Harvest to secure better margins. Since then, we have continued to grow this profitable business, and there remains substantial potential for further development. After nearly three decades of dedication to this enterprise, there is now an opportunity for a new owner to elevate the business further.”
Oliver Guppy, Business Agent at Christie & Co who is handling the sale, comments, “Craven Park Service station is perfectly located on a busy arterial road in a densely populated area, offering good levels of business for fuel sales and store sales. Having been under the same ownership for 30 years, the owners are looking to move on from the site and enjoy some well-earned retirement. This is a fantastic opportunity for someone to acquire a well-established site, and also presents further opportunities subject to planning.”
For further information on this press release, contact:
Niamh Toman, Junior Corporate Communications Executive
P: +44 7768 646 984 or E: Niamh.toman@christie.com
Contact the agent:
Oliver Guppy, Business Agent - Retail
P: +44 7546 698 678 or E: oliver.guppy@christie.com
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