Completed sale
J S Pendlebury & Sons Retail & E-commerce Business Acquisition by Asit Badiani | Transaction Overview
J S Pendlebury & Sons Ltd, a petrol station in Staffordshire, has successfully sold to a trade buyer for £850,000 within 6 months of coming to market.
With 8 petrol and 2 diesel pumps, the fuel station generates a turnover of £4.1m, with £3m coming from fuel sales. This made the business very appealing to buyers, with 6 viewings generated by Knightsbridge before it was eventually sold. To accompany the fuel station is a workshop to the rear, capable of MOT and servicing to all types of class 4 vehicles.
Situated on a main road location, the business has been servicing the local community for over 90 years, selling a wide range of convenience goods, tobacco and alcohol from the station’s convenience store.
Incoming buyer, Asit Badiani, will make the fuel station his latest addition to his portfolio of businesses, retaining all current staff.
Knightsbridge would like to wish both parties the best of luck with their future ventures.