John Yun (604) 500-4339 | David Seo (306)730-9871

    Fully Renovated PETRO CANADA Gas Station & Living Quarter Between Kamloops and Vernon

    5668 HIGHWAY 97 FALKLAND V0E 1W1

    Description

    Great Location! Fully Renovated Facilities! No Other Gas Station Within 50 km Radius! Great Weather!

    Well situated on Highway 97 interior BC just 44 km from Beautiful Vernon towards Kamloops. This is the only gas station from the junction of Hwy 1 and 97 just outside Kamloops to Vernon on Highway 97 which means no competition. Fully renovated with more than $1,200,000 investment since 2011 (Please see the list of renovation and upgrades below). On 0.413 acre lot right on busy highway 97, it comes with a beautifully renovated convenience store, 4 modern Pay-At-The-Pumps (EMV), towering Petro Canada canopy, Propane outlet and a renovated 1 bedroom manager’s living space. The last year’s (2019) revenue was $4,939,752 (Gas 2,687,505 Litre) with the normalized net income of $347,000 (Last 4 years average). The Petro Canada contract will be expired in 2042. Plenty of contract periods remaining!

    Call today for more information today!

     

    Executive Summary

    • Business Name:         Falkland PETRO CANADA
    • Owner Company:       0889502 B.C. LTD
    • Property Address:      5668 HIGHWAY 97 FALKLAND V0E 1W1
    • Land Size:                  0.413 Acres
    • Building Area:             2,109 Square Feet
    • Pump:                        4 Pay At The Pump EVM Dispensers / 2 Islands under Canopy
    • Tanks:                        Brand new double wall fibre glass underground tank installed in 2019
    • Open Hours:              6 am to 11 pm Everyday

    List of Renovation & Upgrades

    • 2011          $11,000              Store Flooring
    • 2012         $420,000            Replaced Dispensers & Pipelines, Upgraded Canopy, and Veeder Root
    •                  $7,000                Air-Conditioning System
    • 2014         $13,000              Upgraded Electrical Wirings
    • 2016         $9,700                Replaced Price LED on Street Signage
    • 2017         $58,500              Replaced the whole roof
    • 2019         $310,500            Renovated 100% the whole store
    •                  $435,000            Installed a brand new Under Ground Storage Tank (Double Wall Fibre Glass)
    • Total Amount Invested for Renovation & Upgrades:         $1,264,700

    Financial Summary

    • Annual Revenue (2018)
    • FUEL                    $3,498,505.36 (2,687,261 Litre)
    • GROCERY           $644,562.66
    • TOBACCO           $510,109.70
    • LOTTERY            $219,920.76
    • REBATE              $66,653.61 (PETRO+ATM+etc.)
    • Total Revenue (2018)   $4,939,752.09
    • Annual Net Income     $347,000 (Approx. Normailzed)
    • Property Taxes              $11,571
    • Staff Wages:                  $120,000 Approx.

     

    Google Map Link:   https://goo.gl/maps/QRzRwFdJq12xxTGbA

    For more information including pertinent financial or internal information, please click the link below to download the “Confidentiality Agreement”.

    Confidentiality Agreement

    Then please sign and forward it back to us by email: info@johnyun.ca or info@davidseo.ca.

    Features

    Features:
    • Canopy
    • Convenience Store
    • Diesel
    • EMV Dispensers
    • Equipment & Chettels
    • Gas Bar
    • Goodwill
    • Inventory Not Included
    • Land
    • Manager Suite
    • Propane
    • Self-Serve