8111 replies to this topic

[Victoria Watcher]

That coffee shop is quite visible and has a unique outdoor space that likely can’t be replicated nearby with another space.

So I think it has some value just in saying “I’ve got the best spot near here and nobody can knock me off”.

And it has been there for many years so presumably it’s mostly profitable.

[Barrrister]

I am not sure about buying anything in the City of Victoria these days. Too unpredictable and possibly erratic.

[Redd42]

That coffee shop is quite visible and has a unique outdoor space that likely can’t be replicated nearby with another space.

So I think it has some value just in saying “I’ve got the best spot near here and nobody can knock me off”.

And it has been there for many years so presumably it’s mostly profitable.

 

Is it profitable above providing the owner with an income?

 

That space definitely needs a re-do - it looks very tired. Frankly it looks to me like the current business owner hasn't done a very good job with that spot.

 

If I was interested in a similar business in that spot, I would approach the property owner first, rather than the business owner. Maybe the current business owner's lease is up soon. 

[Matt R.]

Must be tough to sell a business with only a short time remaining on the lease!

[Victoria Watcher]

Mastercard Inc. is facing pushback from retailers over a new product that allows customers to pay off their purchases in installments.

The payments giant has begun telling merchants and their banks that it will charge retailers 3% of a purchase price each time a consumer opts to use the new program, according to people familiar with the matter. Retailers will be automatically enrolled for Mastercard’s new buy-now, pay-later service, though they will have a chance to opt out.



It did seem odd these new stand-alone pay later startups were moving into this space.

https://www.bloomber...llment-payments

Even more odd trust credit cards are the original “buy now, pay late” providers.

Edited by Victoria Watcher, 12 August 2022 - 03:41 PM.

[spanky123]

Businesses have every right not to accept credit cards as a form of payment if they choose yet they seem to always be complaining about how much it costs and want the Feds to fight their battles for them.

 

I would think that the bigger issue is that Canadians have record debt loads and yet here is another way of making it easy to incur more debt.

[Victoria Watcher]

A well-established and well profitable franchise daycare in Victoria, BC with great reviews and many royal customers. It has a great students base and being taken care by a team of professionals. The boss don't have to involve in the direct daily management. Over 13000 SQF indoor space and a large outdoor space. Long term lease available with reasonable rent. Don't miss this great investment opportunity. 

 

 

https://www.realtor....ctoria-downtown

 

 

$2,680,000

[Nparker]

Is this where William and Kate send their children?

[spanky123]

A well-established and well profitable franchise daycare in Victoria, BC with great reviews and many royal customers. It has a great students base and being taken care by a team of professionals. The boss don't have to involve in the direct daily management. Over 13000 SQF indoor space and a large outdoor space. Long term lease available with reasonable rent. Don't miss this great investment opportunity. 

 

 

https://www.realtor....ctoria-downtown

 

 

$2,680,000

 

Great deal until the Feds start mandating what you can charge and who you must take in as customers!

[Victoria Watcher]

This story is interesting.




Building supply firm that embraces new and used expanding to Cobble Hill

https://www.timescol...le-hill-5706357

Edited by Victoria Watcher, 17 August 2022 - 05:09 AM.

[Victoria Watcher]

Hudson's Bay to resurrect discount retail chain Zellers

https://www.cbc.ca/n...llers-1.6553473

Edited by Victoria Watcher, 17 August 2022 - 05:16 AM.

[Redd42]

Hudson's Bay to resurrect discount retail chain Zellers

https://www.cbc.ca/n...llers-1.6553473

 

Well that is a full circle, kind of. Sell out to Target, Target fails and then open back up.

[Mike K.]

Right on target.

[Nparker]

I guess HBC is looking for a bullseye with this retro scheme.

[Victoria Watcher]

Mastercard Inc. is facing pushback from retailers over a new product that allows customers to pay off their purchases in installments.

The payments giant has begun telling merchants and their banks that it will charge retailers 3% of a purchase price each time a consumer opts to use the new program, according to people familiar with the matter. Retailers will be automatically enrolled for Mastercard’s new buy-now, pay-later service, though they will have a chance to opt out.



It did seem odd these new stand-alone pay later startups were moving into this space.

https://www.bloomber...llment-payments

Even more odd trust credit cards are the original “buy now, pay late” providers.

Visa is taking instalments too.

https://www.visa.ca/...stallments.html

What’s changed is these startups can get instant credit reports automated on their payment plans. Then it’s just the actuary tables on who will pay. If the retailer itself had the tech, they’d do it.

But what is surprising that until pushed, visa and Mastercard never thought this up.

Edited by Victoria Watcher, 17 August 2022 - 12:09 PM.

[spanky123]

^ What retailers are upset about is that they used to get a kickback from the financing companies for referring customers, now they will get bypassed and get nothing.

 

As you pointed out, nothing new at all with the model. 

[Victoria Watcher]

For sure financing was lucrative for all involved on the larger goods. Like appliances or home improvements. Big ticket, and much more likely to be purchased by (more stable) homeowners.

What has changed somewhat is the ability to instantly and automatically check the credit of ANYONE, and offer immediate and automatic financing on even smaller purchasers, to an even wider group, as long as their credit checks out.

[spanky123]

^ There have been online ways of checking credit scores as part of a purchase workflow for at least 10-15 years now. 

[Victoria Watcher]

^ There have been online ways of checking credit scores as part of a purchase workflow for at least 10-15 years now.

Not instantly and absolutely completely automated. Bigger places like The Brick could command quicker responses. But now thousands of companies can submit an enquiry per hour and get results. AI makes sorting partially matching credit profiles match easier too.

Edited by Victoria Watcher, 17 August 2022 - 02:02 PM.

[Barrrister]

Hope it does not miss the mark.