1142 replies to this topic

[sukika]

It will be a Moka House.  The Cook St location posted on IG about renovations at their new Cadboro Bay location today. 

[Barrrister]

That should be a good location for them if they can hang in past the covid.

[Victoria Watcher]

if it was a poorly performing Starbucks it might not fare all that much better as a Moka House though.

[Barrrister]

Depends if they got a really good deal on the lease.

[Brantastic]

There's also a brand new Starbucks just a few blocks away at UVic, plus a couple more on Shelbourne so maybe the area was oversaturated.

[Victoria Watcher]

Depends if they got a really good deal on the lease.

 

yes.  maybe.  but didn't starbucks try to renegotiate leases before they closed?

[FogPub]

Moka has a completely different vibe than Starbucks, and personally I think it'll do quite well in Cadboro Bay if they follow the same general ideas as at Cook St village.

[Jackerbie]

Iluka Espresso has opened in the Portage West Apartments property, 101 Island Highway https://www.ilukaespresso.ca/

[Victoria Watcher]

4649 West Saanich Rd

 

Well Established Café/Restaurant for Sale in Saanich. This turn-key café/restaurant has a strong loyal following across Victoria and Saanich. High exposure along West Saanich Road, providing a full dining home cooked experience including, breakfast, lunch and dessert options in a relaxed atmosphere. Key Business Attributes: - 50 seat café/restaurant - 1,800 SF with two patios - Available parking onsite - Fully functional kitchen - Lease Term expiring November 2023

 

 

$225,000

 

 

https://www.realtor....nich-saanichton

Edited by Victoria Watcher, 26 May 2021 - 08:20 AM.

[Redd42]

That place has changed what it is so many times I don't even think of going there. Because it is likely be something else by the time I get there.

[Kapten Kapsell]

That place has changed what it is so many times I don't even think of going there. Because it is likely be something else by the time I get there.

And the current incarnation isn't a particularly great one..

[Redd42]

So then I ask my usual question - what the heck do you get for $225,000? Not much Goodwill in a cafe in a spot that has changed hands many times. Matt has pointed out before how all the stuff needed for a restaurant can really add up. But for a cafe? And the lease only goes for 2 more years. That is not a long time. Though that does seem to be the life span of most businesses that have operated in that space....

[Redd42]

Iluka Espresso has opened in the Portage West Apartments property, 101 Island Highway https://www.ilukaespresso.ca/

 

Oh yeah another place one can buy coffee and baked goods. That is a novel concept. In a location with very little foot traffic. Unless they have something really novel to offer, I hope they can survive on the folks in the apts on that property.

[TFord]

Depends if they got a really good deal on the lease.

 

Hi Barrister 

 

Can you explain? 

 

TFord

[m3m]

Looks like the construction at the doubletree hotel has started to make room for the starbucks.

[Mike K.]

Is that still on track, despite all of the Starbucks closures since 2020?

[Kapten Kapsell]

Oh yeah another place one can buy coffee and baked goods. That is a novel concept. In a location with very little foot traffic. Unless they have something really novel to offer, I hope they can survive on the folks in the apts on that property.

This does appear to be a very unique coffee shop; see CHEK’s news story at https://www.cheknews...spresso-799218/

[Redd42]

That does seem cool. Hope they can draw folks in with their novel twist on the coffee shop. Does seem they are very good with the social media which is oh so important in that space - differentiaty one coffee and goodies shop from another.

[vortoozo]

Is that still on track, despite all of the Starbucks closures since 2020?

 

If it's in the hotel it's probably a license/franchise rather than a corporate operated store.

Sort of like the one in the Steamship terminal or in the former Safeway locations - the staff there work for the operator, not Starbucks and they don't necessarily have the full menu.

[Mike K.]

Ah, that makes sense.