Cornwall Garage Group sold to expanding independent operator Ascona Group

The deal includes a portfolio of 17 petrol filling stations across the Midlands, Home Counties and South West of England.

Specialist business property advisor, Christie & Co has completed on the sale of Cornwall Garage Group, a portfolio of 17 petrol filling stations, located across the Midlands, Home Counties and South West of England.

The portfolio, which was first established by John Murray in the early 1960s, comprises fourteen freehold and three leasehold sites. It was ranked 13 on the Forecourt Trader Top 50 Indie 2019 listing.

Sixteen sites traded under the Harvest Energy brand and nine sites have electric vehicle chargers installed in partnership with Instavolt. The total fuel throughput is approximately 46m litres and with the shops turning over around £6.9m.

“We consider this group of 17 sites to be a good strategic fit for our ongoing acquisition strategy across the UK and furthermore catapults Ascona Group into the top 10 independent fuel retailers in the UK,” said Darren Briggs, Managing Director of Ascona Group.

The group has been purchased by Ascona Group - established Darren Briggs. The company has rapidly expanded over the last two years and this acquisition takes them to 37 operational sites