nickshanagher

The value of UK c-store businesses are near the bottom as a five year pattern of decline looks to have slowed, leading business agent Christie + Co said this week. In its 2013 business outlook, the company said that an 0.9 per cent fall in average sale prices in 2012 compares to the previous year bucked the trend compared to hotels, pubs and restaurants, where it also has a leading market position. Steve Rodell, the director who heads its retail team, suggested reasons for optimism even though the market remains polarised. Both the major supermarket companies and the co-ops are competing strongly for good c-store sites, particularly with petrol attached, and these businesses are getting good prices. Again the south east is strongest but Christie's teams make a good case to look at the profit potential in suburban Manchester, for example. The business outlook report tends to reflect current thinking about the market overall rather than lead thinking but this year Chr...