Acquisitions require a
traffic flow of a minimum 20,000 vehicles and limited competition
from competitors within a two-mile radius of a site. As footfall
is generated principally by the circa 14,000 car drivers using
the store the amount of householders is not crucial and this
has been borne out with shop sales at the Company's sites
of between £30,000 and £40,000 per week with a
Group average of £32,000 of shop sales per week.
The average Supermart store
creates its own footfall due to the activity created by the
high volume petrol station with an average Company throughput
of six to seven million litres per annum with a large shop
of 3000 sq ft, which creates 10,000 to 20,000 customers per
In order to protect the
Company from the vagaries of the petrol market Margram, whose
roots go back over 25 years in petrol retailing, have negotiated
with two major oil companies for fuel contracts with a guaranteed
management team has considerable experience in the sector
and has been responsible for acquiring, on behalf of the Heron
Group of petrol stations, a total of 400 sites over 20 years.
In addition, the management team were brought in to run a
chain of 100 petrol stations on behalf of Arthur Andersen
who were the receivers of the Banks for the Oakstead Group.
Although the Company was given 18 months to turn round the
Oakstead business prior to a sale of the assets, this was
achieved within 12 weeks and the Group sold for considerably
more than was anticipated by the Banks.
Margram Estates Ltd, Suite 123, The Knightsbridge, 199 Knightsbridge, London, SW7 1RH
Tel: +44 (0)207 823 8200 | Fax: +44 (0)870 051 3475