03-09-2016, 07:30 AM
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#21
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Franchise Player
Join Date: Mar 2015
Location: Pickle Jar Lake
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As long as they convert another for nacho cheese....
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03-09-2016, 07:41 AM
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#22
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Lifetime Suspension
Join Date: Jul 2015
Location: Hmmmmmmm
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And as long as they convert their cup holders to real cup holders that actually hold cups.
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03-09-2016, 08:00 AM
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#23
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Franchise Player
Join Date: Mar 2007
Location: Victoria, BC
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How many years will it take 7-11 to re-brand those gas stations? A decade? Or will they not bother?
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03-09-2016, 08:24 AM
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#24
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Franchise Player
Join Date: Mar 2004
Location: Calgary
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Quote:
Originally Posted by HotHotHeat
How many years will it take 7-11 to re-brand those gas stations? A decade? Or will they not bother?
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I'd imagine they'd want to keep the Esso brand for the gas stations, but rebrand the attached stores to 7-11s
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03-09-2016, 08:25 AM
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#25
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Franchise Player
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Quote:
Originally Posted by rain_e
$2,012,072.44 per gas station
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The linked article says this:
Quote:
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Imperial Oil Ltd. has reached a deal to sell 497 Esso-brand retail gas stations to five fuel distributors for $2.8-billion, as the company seeks to focus on its expanding oil sands and refining businesses.
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Which is $5,633,802.82 per gas station, if we're using 9 significant digits. The amount paid in the different markets probably varies, but only the ON and QC price was in the article. (Although Parkland is public, and will probably disclose their purchase price.)
Still seems like quite a bit to me, but I really have no idea how the economics of running as gas station/c-store are. Better than I thought, apparently.
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03-09-2016, 08:52 AM
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#26
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First Line Centre
Join Date: Oct 2010
Location: Deep South
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Quote:
Originally Posted by bizaro86
Interesting. $5.6 MM per station seems like a lot to me.
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This is the first thing I thought when I saw the numbers too. I've had a few clients who had gas stations as side business ventures and they sure didn't make a lot of money off the gas sales. Concession purchases were okay, but no way each station was worth anything close to $5.6MM.
Granted these were smaller town locations, so maybe the comparison isn't perfect, but still seems like way too much.
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03-09-2016, 09:10 AM
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#27
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Referee
Join Date: Jan 2005
Location: In your enterprise AI
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I think we all can agree on one thing: 7-11 slurpees in the USA are friggen terrible. Foamy air.
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03-09-2016, 09:16 AM
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#28
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Crash and Bang Winger
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Imperial has been musing about this for a while. Makes sense to focus on the production and refining business vs retail.
My guess is alot of that price is the real estate/location, the cost of the building, and current inventory. It shouldnt be that much of a problem for consumers as I find it hard to believe that 1/10 outside of the oil business new that Esso was associated with Imperial Oil. Probably one of the reasons they are branded Esso vs Imperial.
Shell, Petro Canada, and Husky dont have that luxury.
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03-09-2016, 09:17 AM
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#29
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Atomic Nerd
Join Date: Jul 2004
Location: Calgary
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This is a good thing if 7/11's food is implemented in Esso stations. Oh man I want some nuclear orange nacho cheese dispensed in my mouth right now.
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03-09-2016, 09:24 AM
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#30
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Franchise Player
Join Date: Dec 2006
Location: Calgary, Alberta
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Does this mean that the current Tims/Esso is going to go away? That's my only concern because at this point I like the one-stop I can make on the way out of town to get gas and a coffee at the same time.
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03-09-2016, 09:29 AM
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#31
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Franchise Player
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Quote:
Originally Posted by temple5
Imperial has been musing about this for a while. Makes sense to focus on the production and refining business vs retail.
My guess is alot of that price is the real estate/location, the cost of the building, and current inventory. It shouldnt be that much of a problem for consumers as I find it hard to believe that 1/10 outside of the oil business new that Esso was associated with Imperial Oil. Probably one of the reasons they are branded Esso vs Imperial.
Shell, Petro Canada, and Husky dont have that luxury.
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Petro-Canada got bought by Suncor, and they kept the Suncor name for the company, without changing the names on the gas stations. Seems to have worked out.
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03-09-2016, 09:30 AM
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#32
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First Line Centre
Join Date: Mar 2007
Location: Calgary
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Quote:
Originally Posted by Slava
Does this mean that the current Tims/Esso is going to go away? That's my only concern because at this point I like the one-stop I can make on the way out of town to get gas and a coffee at the same time.
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Wouldn't that mean they'll have better coffee at Esso now?
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03-09-2016, 09:51 AM
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#33
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Franchise Player
Join Date: Sep 2002
Location: I'm right behind you
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Quote:
Originally Posted by Hack&Lube
This is a good thing if 7/11's food is implemented in Esso stations. Oh man I want some nuclear orange nacho cheese dispensed in my mouth right now.
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Do a search in the app store for "Grindr".
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03-09-2016, 11:35 AM
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#34
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Crash and Bang Winger
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Quote:
Originally Posted by bizaro86
Petro-Canada got bought by Suncor, and they kept the Suncor name for the company, without changing the names on the gas stations. Seems to have worked out.
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Petra-Canada remains its own brand under Suncor though, so this is a little different since the Esso brand is obviously separate. As stated earlier though, they'll probably just rebrand the inside stores.
Also, 7-Elevens are amazing in Japan as well.
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03-09-2016, 12:15 PM
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#35
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My face is a bum!
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7-11 in Peru sells packs of coca leaves.
"It's not a drug, the farmers just chew them all day so they don't get sleepy or need to eat so they can stay in the fields for 12 hours".
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03-09-2016, 12:37 PM
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#36
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First Line Centre
Join Date: Aug 2009
Location: Calgary
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Is there any chance they will be introducing sev bucks? In manitoba you would get a sev buck for every 30 liters filled at a sev/esso combo gas convenience store. It usually meant a free hot dog or slurpee. If it happens, I'll make sure to go out of my way to find a sev gas station.
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03-09-2016, 12:43 PM
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#37
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Franchise Player
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711 offers sev bucks in Calgary as well already
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03-09-2016, 12:56 PM
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#38
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First Line Centre
Join Date: Aug 2009
Location: Calgary
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Quote:
Originally Posted by fundmark19
711 offers sev bucks in Calgary as well already
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Which one? The one in castleridge definetely doesn't, unless they're keeping mine.
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03-09-2016, 01:09 PM
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#39
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Franchise Player
Join Date: Feb 2006
Location: Calgary, AB
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Quote:
Originally Posted by stampsx2
Which one? The one in castleridge definetely doesn't, unless they're keeping mine.
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The one at Elbow Drive and 69th Ave does. You can see it on their sign on Google Street view: https://goo.gl/maps/gEmmudMyoMJ2
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03-09-2016, 01:20 PM
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#40
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Scoring Winger
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Quote:
Originally Posted by bizaro86
The linked article says this:
Which is $5,633,802.82 per gas station, if we're using 9 significant digits. The amount paid in the different markets probably varies, but only the ON and QC price was in the article. (Although Parkland is public, and will probably disclose their purchase price.)
Still seems like quite a bit to me, but I really have no idea how the economics of running as gas station/c-store are. Better than I thought, apparently.
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Sorry I don't even know what I was thinking when I posted that. At 5.6 million a station that seems insane.
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