Serious Coffee also closed in Port Alberni and Courtenay over the last few years. I'm unsure about other locations around the island, but they don't appear to be doing well.
I think it’s hard to be a franchised coffee shop these days because you’re paying royalties on top of your other expenses. Second Cup is really struggling, and even Tim Hortons- which has high volume- has had major issues with their franchisees.
My sense is that Starbucks (nearly all stores are corporate owned) and good independent shops like Fantastico and Habit are in a better position than Serious Coffee and other franchised cafes; even our sole Blenz location recently reverted to being a corporate store.