According to its latest results at Companies House, for the year ending June 2022, the acquisitions opened up “several new business stream opportunities” with Greggs, Subway and Starbucks, thanks to their franchise outlets already being part of the sites.
It meant the forecourt operator was able to introduce the food to go brands to the business for the first time. It is continuing to roll out more across the estate as sites redevelop, according to director Manoj Tandon. It has since added a further three Greggs outlets in Kent, Dorset and Blackpool.
“We recognise the growth and potential in shop offerings and our operations team has introduced new and exciting food to go lines whilst providing new streams to reach customers utilising online platforms such as Deliveroo, Uber Eats, and Just Eat,” the accounts said.
“Our new acquired sites bring further opportunities with Subway, Greggs, and Starbucks and the non-fuel income lines will continue to grow as the company enhances the network though its ongoing development programme.”
The 27 sites were bought from EG Group in quarter two of last year, after the Competition & Markets Authority required EG to divest some of its petrol stations. The divestments were to address competition concerns relating to the group’s separate acquisition of Asda. Park Garage Group’s purchase of the fuel forecourts brought its estate to 77 sites.
The business’s accounts report an 83.6% increase in revenue to £245.4m, reflected in the “strong performance and development of sites by the company as well as the acquisition made halfway through the year”.