Skip to content
Search
AI Powered
Latest Stories

Costcutter forecourt in Wrexham changes hands after 40 years

Costcutter forecourt in Wrexham changes hands after 40 years
Caergwrle Filling Station in Wrexham, Wales (Photo: Christie & Co)

Caergwrle Filling Station in Wrexham, Wales, run by the James family for 43 years, has been acquired by forecourt operator Jets Trading Limited.

The site, located on the A541, operates under the Costcutter brand and comprises a convenience store and four double pump islands. The forecourt is ideally situated on the main thoroughfare leading into Wrexham.


The business came to market through the specialist business property adviser Christie & Co as the current owner, Barry James is set to retire. His son, Mike James, who works alongside him, commented: “After 43 years of ownership I’m looking forward to seeing my parents finally having a well-earned retirement and spending as much time as they can with their grandkids.

“We’d like to extend a huge thank you to the local Caergwrle village community for all their support given over the many years. I grew up at the garage myself so there’s a lot of sentimental value and memories which I’ll take with me.

“I wish the new owners, Das and Janaka at Jets Trading all the very best with the business, it’s a fantastic community that they have bought into and I’m excited to see how they evolve the site over the coming years.”

Dasitha (Das) Gamage and Janaka Watowita, of Jets Trading, said: “We are delighted to have acquired our second site through Christie & Co. They were very professional and helpful throughout the process and a special thanks goes Ashley Cobban for negotiating the deal for us and also Jimmy Johns for helping us to secure the necessary funding. We look forward to operating this well-established premises.”

Gamage and Watowita, who has many years of experience operating retail stores, acquired their first forecourt business, Ross Road Garage, located along the busy A40, just outside of Huntley, in September.

Caergwrle Filling Station was sold off a guide price of £510,000, Christie & Co has revealed, and the funding for both purchases has secured through Christie Finance, .

“It was great to work with Das and Janaka, who are building a really successful portfolio of petrol forecourts and retail operations. This is the second transaction Christie Finance has funded for the business this year as they continue to rapidly grow,” Jimmy Johns, director at Christie Finance, said.

More for you

vapes

Vape products are displayed for sale on October 27, 2024 in London, England

Photo by Alishia Abodunde/Getty Images

Industry welcomes licensing scheme proposal in Tobacco and Vapes Bill


The government has introduced the Tobacco and Vapes Bill the parliament, which includes a proposal for a licensing scheme for retailers selling tobacco, vape, and nicotine products across England, Wales, and Northern Ireland.

Keep ReadingShow less
Pre-festive deals boosted food sales in otherwise 'disappointing' October

iStock image

Pre-festive deals boosted food sales in otherwise 'disappointing' October

Arrival of customary "pre-festive" deals boosted food sales though overall sales suffered in October as cash-strapped shoppers stayed at home, holding off purchases amid uncertainty over the budget and fears over rising energy bills.

According to data from the British Retail Consortium and the consultancy KPMG published today (5), sales increased by 0.6 per cent compared with October 2023, less than half the three-month average growth rate of 1.3 per cent.

Keep ReadingShow less
Local charity

Wigan Nisa Local raises over £2,400 for local charity

Nisa Local Smithy Green, led by store owners Mitesh and his brother Hepesh Halai (affectionately known as Gaz), joined forces with Ince CE Primary School to host a fun-filled fundraising day for Talk First, a local charity supporting families and children.

Originally intended to take place outside the Nisa store, the overwhelming community interest prompted the school to generously offer their grounds, transforming the day into a larger celebration of community spirit.

Keep ReadingShow less
EG Group
Photo: EG Group

EG Group completes divestment of UK forecourt business to Zuber Issa


Forecourt operator EG Group on Friday said it has completed the sale of its remaining UK forecourt business and certain foodservice locations to co-founder Zuber Issa.

Keep ReadingShow less
Harm to society

iStock image

Unacceptable levels of shop theft causing serious harm to society, says Lord committee

The Justice and Home Affairs Committee today (5) published a letter to the Minister for Policing, Crime and Fire Prevention, Dame Diana Johnson MP, highlighting how unacceptable levels of shop theft is causing serious harm to society.

After conducting an inquiry into retail crime, the committee finds that shop theft is an underreported crime that is not being effectively tackled, leading to a devastating impact on the retail sector and the wider economy. The Committee heard that there are almost 17 million incidents of shop theft annually, with few leading to an arrest and costing the retail sector almost £2 billion last year.

Keep ReadingShow less