December 16, 2007
Matthew Goodman
THE Asian entrepreneur Zuber Issa and his family are in line to collect a £90m windfall after putting up for sale the chain of petrol stations they have built up over the past six years.
Issa, 35, founded Euro Garages in 2001 when he bought his first three filling stations, and has steadily grown the operation to the 70 sites it encompasses today. The business is believed to be one of the top three independent groupings.
The company, which featured in last year’s Sunday Times Fast Track survey of Britain’s fastest-growing private companies, generated earnings before interest, tax, depreciation and amortisation of about £10.5m.