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    Highly Reputable Turnkey Retail Operation Plus 6,000 ft2 Building for Sale - Chetwynd, BC

    Peace River & Northeastern BC Listing No. 20120

    Great investment opportunity & chance to own a reputable cash-flowing business as well as real estate assets. The turnkey operation is situated in a 6,000 ft2 retail building with a large showroom, plus offices & a storage basement in the back. Good exposure & ample parking.


    Price
    $900,000

    Size
    0.14 of an acre

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    Description

    Rare opportunity to own two thriving local businesses and a well located and functional retail building with value-add potential in Chetwynd, BC.

    The Pencil Box is a well-established full line office supplies store, with an extensive selection of arts and crafts supplies, health and safety apparel and equipment, as well as other promotional products. In addition, The Pencil Box offers a wide range of other essential business services including printing, laminating, fax and photocopying. The Pencil Box began out of a realization that there was a lack of business-related services in the surrounding area. With a wide array of supplies and services, a well-situated retail location and knowledgeable hard-working staff the business grew and grew.

    Coffee Talk Express began in 1998 as a small local newsletter than began in a spare bedroom. The owner’s entrepreneurial and recognition of a gap in the marketplace allowed this small operation to grow into a renowned publication that is delivered to surrounding businesses twice a week. In addition to the newsletter, Coffee Talk also provides custom printing services to businesses as well as the public.

    These two thriving operations are housed in 6,000 ft2 retail building on 0.14 acres. The building consists of a large showroom, with offices in the back and a basement perfect for storage of supplies and equipment. The interior has been updated with new flooring, lighting and the paint is in good condition. There is also slat boards throughout the showroom making showcasing products easy. There are two rooftop units supplying HVAC to the showroom and a furnace to service the back offices and basement. Lastly, the property provides ample parking and a good loading depth making deliveries headache free. The building could potentially be demised into two, allowing for a new owner to occupy one half while separately renting out the other half to a different tenant. This would allow for the recovery of CAM costs through a triple net lease at a market rental rate.

    The businesses has had $923,000 average gross revenues over past 3 fiscal years. Recent financials can be provided up request and signing of a confidentiality agreement.

    The town of Chetwynd is a transportation and service hub for the oil and gas and forestry industry. The town is home to numerous hotel/motels providing the bulk of the accommodation for regional economic activity. There is infinite business opportunity to service this diverse work force. Trades, transportation, and equipment operating dominate the workforce providing a high-income source of clientele for all local businesses.

    Location

    4753 51st Street - Chetwynd, BC

    Area Data

    The Peace River Region of British Columbia lays claim as the most robust and diverse economic region of the province outside of the Lower Mainland. The regional GDP has exceeded $6.6 billion over the last several years and employment opportunities abound.

    The region contains vast supplies of natural gas. It is estimated that Northeast British Columbia holds more than 2,933 trillion cubic feet of natural gas. This resource provides significant economic opportunity, as global companies invest in resource extraction and infrastructure to transport the region’s various petroleum products to market.

    The primary employers within Chetwynd include the forest industries—West Fraser/Bio-Energy Plant, Canadian Forest Products and Chetwynd Mechanical Pulp. All three facilities provide stable, year-round employment for the residents of Chetwynd and present commercial servicing opportunities.

    Situated along Highway 97 and serving as the gateway to the Peace River Region, Chetwynd is an essential hub for travelers commuting from British Columbia’s lower interior to the major cities of Dawson Creek and Fort St John.

    There is a general airport within Chetwynd that may service local aviation needs. A commercial airport exists in the nearby towns of Dawson Creek and Fort St. John.

    There are numerous large scale oil and gas construction projects occurring in the immediate vicinity of Chetwynd. The Jackfish Lake Expansion Project most recently provided excellent employment and economic opportunity for trade workers and oil and gas service companies stationed in Chetwynd.

    Ultimately, Chetwynd is a town on the rise where economic and recreational activity abounds.

    Dawson Creek, located 100 kilometres away, is the primary auction location for ranchers in the Peace River Region. There is the Vold, Jones and Vold Auction Company (VJV Auction Company), in Dawson which provides an easily accessible market for this ranch and its product. There is also Patterson’s Auction Mart, which provides additional an additional option for regional ranchers.

    History

    The town of Chetwynd was once known as Little Prairie. However, with the expansion of the Pacific Great Eastern Railway through the town in 1957, the town’s name was changed to Chetwynd in honor of the Minister of Railroads, Ralph Chetwynd.

    The town was connected to the Southern Interior of British Columbia for vehicular passengers in 1952 when the John Hart Highway from Prince George to Dawson Creek was completed. The construction of the railway and highway through Chetwynd solidified the town as a major transportation hub and jumping off point for Northern British Columbia.

    Canfor and West Fraser Timber Products purchased sawmills in town in 1964 and 1971 respectively. These two companies rapidly became the town’s largest employers and continue to provide ongoing economic growth for the municipality. Forestry and timber refinement continue to be a major source of economic activity for the region along with oil/gas and ranching.

    Map Reference

    55°41'53.69"N and 121°37'56.88"W

    Investment Features

    • Two (2) thriving local businesses
    • Inventory for both businesses
    • Business related equipment (contact for more details)
    • Potential to demise building
    • Two (2) roof top units
    • POS system
    • Security cameras
    • Loomis and DHL shipping depot on site

    Legal

    LOT 4 BLOCK 2 DISTRICT LOT 398 PEACE RIVER DISTRICT PLAN 8720
    PID 013-175-939

    Maps & Plans

    Map01

    Maps & Plans

    Our property descriptions and geographical information are taken from the BC Assessment Authority, Land Titles Office, government maps and other sources. While LandQuest® does not guarantee the information, we believe it to be accurate, but should not be relied upon without verification. This communication is not intended to cause or induce breach of an existing agency agreement.

    Location