Forecourt Trader - 30 years at the heart of the fuel retailing community
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Money Talk: Selling up your site and getting out...

In the course of any business there comes a time when the owners think about selling up. If the business is successful they might want to get out at a reasonably early age and enjoy a long retirement somewhere sunny. If the business is very successful, someone may come along out of the blue with an offer to buy them out before they've even thought about retirement. Usually it comes down to age and/or personal circumstances. Nobody really wants to work until they drop especially in a hard business like petrol retailing. Eventually the question that most operators ask themselves is "How much is my business worth?" Usually the next person they ask is their accountant.

James Lowman: ACS chief executive

As we build up to the new financial year starting in April when businesses in England and Wales will start paying rates based on the latest revaluation, there's been a lot in the papers about business rates. While a lot of the media coverage talks about the pounds and pence increases, the underlying issue remains that two years ago, the government committed to undertaking a fundamental review of business rates and we're yet to see a clear conclusion to it.

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Weekly retail fuel prices: 10 February 2020
RegionDieselLPGSuper ULUL
East129.87138.31125.86
East Midlands129.4868.90139.04125.87
London129.9967.90139.50126.40
North East127.6463.90137.79124.24
North West128.7161.90138.29125.24
Northern Ireland126.52131.30123.30
Scotland128.4466.90136.00124.66
South East130.6866.90139.77126.86
South West129.48136.50125.54
Wales128.25136.13124.47
West Midlands129.5665.90139.76125.95
Yorkshire & Humber128.82139.37125.16

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Has the Government's shock announcement to bring forward the ban on the sale of new petrol and diesel-powered vehicles - as well as hybrids - to 2035 or even earlier caused concern and disruption to your future forecourt development plans?

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