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Hope is the gateway town connecting Greater Vancouver to the British Columbia interior and the rest of Canada. Located at the junction of the Trans-Canada (HWY 1), Coquihalla (HWY 5), Hope-Princeton (Hwy 3), and Lougheed Highway (Hwy 7), Hope is the last stop for gas and food heading east, and first stop for food and gas heading west in and out of Vancouver. The subject site is located at a major intersection on the main service road to the highway on and off ramps. This service road is critical as it features the majority of the major quick service restaurants, fuel suppliers and hotels. The site is also part of a primary shopping area for the regional and local trading areas. Nearby traffic drivers include the largest grocery store in the trade area (Save-On-Foods), liquor store, restaurants, Fraser Canyon Hospital, and the Hope District Rec Centre. With a strategic location at the gateway to the major highways, Hope is home to many highway and forest service support jobs. Hope has also become a popular outdoor recreation destination, and there is a growing residential community that supports its local industries.
This is an excellent opportunity to acquire the full interest in the land, building and business at the busiest high-exposure highway corner site in the market. In addition to a very profitable and well-maintained turn-key restaurant, the opportunity includes excess land with excellent development potential as box retail, strip retail or hotel/motel. The property comprises 2.5 acres over two lots on Old Hope Princeton Way. Hope is 1.5 hours east of Vancouver at the junction of Highways 1,3,5 and 7, and is only 45 minutes from the Abbotsford International Airport and the US border. The city is a popular stop for travellers in southern BC, and the low Canadian dollar is resulting in higher volumes of tourists in the area. Hope is also experiencing economic growth in its industrial and commercial sectors as developments push out of urban centres to the west. The restaurant is an old-fashioned 120-seat diner famous for home-cooked food and hospitality. Both the building and the equipment have been meticulously maintained and updated, and pride of ownership shows throughout the restaurant. This is an attractive business opportunity with excellent profit potential based on a long-term stable sales track record.
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