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+--- Thread: TEK Tower (30 Francis) | 45 fl | U/C (/showthread.php?tid=1537)
RE: TEK Tower (30 Francis) | 45 fl | U/C - tomh009 - 11-24-2022
Oooh, cheesemonger! Would love to have one of those in DTK!
C: Now then, some cheese please, my good man.
O: (lustily) Certainly, sir. What would you like?
C: Well, eh, how about a little Red Leicester.
O: I'm, a-fraid we're fresh out of Red Leicester, sir.
C: Oh, never mind, how are you on Tilsit?
O: I'm afraid we never have that at the end of the week, sir, we get it fresh on Monday.
C: Tish tish. No matter. Well, stout yeoman, four ounces of Caerphilly, if you please.
O: Ah! It's beeeen on order, sir, for two weeks. Was expecting it this morning.
C: 'T's Not my lucky day, is it? Aah, Bel Paese?
O: Sorry, sir.
C: Red Windsor?
O: Normally, sir, yes. Today the van broke down.
C: Ah. Stilton?
O: Sorry.
C: Gruyere? Emmental?
O: No.
(...)
RE: TEK Tower (30 Francis) | 45 fl | U/C - panamaniac - 11-24-2022
Perhaps a small pet shop ....
RE: TEK Tower (30 Francis) | 45 fl | U/C - Momo26 - 11-24-2022
Lol is this from something specific? At this rate you're gonna end up "price frozen" NoName marble...if you're lucky.
RE: TEK Tower (30 Francis) | 45 fl | U/C - Momo26 - 11-24-2022
Quote feature isn't working for me ^
RE: TEK Tower (30 Francis) | 45 fl | U/C - ijmorlan - 11-25-2022
(11-24-2022, 11:45 PM)Momo26 Wrote: Lol is this from something specific? At this rate you're gonna end up "price frozen" NoName marble...if you're lucky.
Famous Monty Python sketch:
https://www.youtube.com/watch?v=Hz1JWzyvv8A
Although I am myself more familiar with the operation of general stores, specifically those selling fork 'andles:
https://www.youtube.com/watch?v=gi_6SaqVQSw
RE: TEK Tower (30 Francis) | 45 fl | U/C - Bjays93 - 11-25-2022
(11-24-2022, 11:24 PM)panamaniac Wrote: Perhaps a small pet shop ....I wish to register a complaint...
RE: TEK Tower (30 Francis) | 45 fl | U/C - ac3r - 11-25-2022
Pet stores? Not in my backyard.
RE: TEK Tower (30 Francis) | 45 fl | U/C - tomh009 - 11-25-2022
Two Ronnies also excellent!
RE: TEK Tower (30 Francis) | 45 fl | U/C - CedarHillAlum - 11-25-2022
(11-24-2022, 08:48 PM)panamaniac Wrote: Chocolatier? Cheesemonger? Pastry/doughnut shop (bakery elsewhere)? Florist? Socks shop? Tea room/shop? Travel agency? Phone/watch repair and accessories?
Doing some very rudimentary back-of-envelope calculations, are any of these economically viable?
For the 20 x 25 boite, selling your widgets, assume rent of $1,000 per month, wages of $4,800 per month (open 80 hours a week x $15 per hour wage x 4 weeks per month) and $200 other expenses = total monthly expense of $6,000. Assume
a 20% mark-up on your widgets, you need to sell $36,000 (20% of 30,000 = $6,000) of widgets per month just to cover this low ball estimate of expenses, or over $1,000 a day.
Presumably the developer has done a far more sophistocated analysis and determined that including these three retail units is a good idea.
RE: TEK Tower (30 Francis) | 45 fl | U/C - taylortbb - 11-25-2022
(11-25-2022, 03:51 PM)CedarHillAlum Wrote: Presumably the developer has done a far more sophistocated analysis and determined that including these three retail units is a good idea.
The developer ROI is people like buying condos with shops in them, the idea of being able to go downstairs and get a good coffee. They're basically an amenity space, and will be sold at (or sometimes below) cost. The viability of the businesses is largely irrelevant.
RE: TEK Tower (30 Francis) | 45 fl | U/C - Joedelay Highhoe - 11-25-2022
$1000 seems really cheap for a 500 square foot boîte. At that price, you could do well to fill it with bunk beds and call it a youth hostel. I'm sure you'd have no shortage of people looking for a place to stay.
RE: TEK Tower (30 Francis) | 45 fl | U/C - panamaniac - 11-25-2022
(11-25-2022, 03:51 PM)TCedarHillAlum Wrote:(11-24-2022, 08:48 PM)panamaniac Wrote: Chocolatier? Cheesemonger? Pastry/doughnut shop (bakery elsewhere)? Florist? Socks shop? Tea room/shop? Travel agency? Phone/watch repair and accessories?
Doing some very rudimentary back-of-envelope calculations, are any of these economically viable?
For the 20 x 25 boite, selling your widgets, assume rent of $1,000 per month, wages of $4,800 per month (open 80 hours a week x $15 per hour wage x 4 weeks per month) and $200 other expenses = total monthly expense of $6,000. Assume
a 20% mark-up on your widgets, you need to sell $36,000 (20% of 30,000 = $6,000) of widgets per month just to cover this low ball estimate of expenses, or over $1,000 a day.
Presumably the developer has done a far more sophistocated analysis and determined that including these three retail units is a good idea.
No idea, although DTGalt hosts both a cheese shop and a chocolate shop, which is what put it in my mind. 80 hours per week seems very high to me. Think 11am to 6pm, five days per week.
RE: TEK Tower (30 Francis) | 45 fl | U/C - tomh009 - 11-26-2022
(11-25-2022, 03:51 PM)CedarHillAlum Wrote:(11-24-2022, 08:48 PM)panamaniac Wrote: Chocolatier? Cheesemonger? Pastry/doughnut shop (bakery elsewhere)? Florist? Socks shop? Tea room/shop? Travel agency? Phone/watch repair and accessories?
Doing some very rudimentary back-of-envelope calculations, are any of these economically viable?
For the 20 x 25 boite, selling your widgets, assume rent of $1,000 per month, wages of $4,800 per month (open 80 hours a week x $15 per hour wage x 4 weeks per month) and $200 other expenses = total monthly expense of $6,000. Assume
a 20% mark-up on your widgets, you need to sell $36,000 (20% of 30,000 = $6,000) of widgets per month just to cover this low ball estimate of expenses, or over $1,000 a day.
Presumably the developer has done a far more sophistocated analysis and determined that including these three retail units is a good idea.
The markups can be substantially higher, depending on what you are selling. But you also have inventory costs, accounting, cleaning, utilities, building maintenance etc. I don't think 80h of labour per week is high given that shelves need to be stocked, prices need to be updated, someone needs to go to the bank daily etc. I suspect you would need at least one person getting paid more than the minimum -- and for everyone you need to also pay for CPP and EI contributions, so I think your employment costs would be $6000+, and total costs at least $6500.
But this would be true anywhere, not just downtown. And whether you pay $600/month or $400/month is really a fairly small part of the total costs, and hopefully would not determine the viability of the business.
RE: TEK Tower (30 Francis) | 45 fl | U/C - tomh009 - 11-26-2022
(11-25-2022, 04:17 PM)Joedelay Highhoe Wrote: $1000 seems really cheap for a 500 square foot boîte. At that price, you could do well to fill it with bunk beds and call it a youth hostel. I'm sure you'd have no shortage of people looking for a place to stay.
That's $12,000/year, or $24/sqft net net, as commercial space is rented. It's pretty much the going rate for decent office space, though I have not investigated whether retail space rents for more or less.
RE: TEK Tower (30 Francis) | 45 fl | Proposed - CuilTard - 11-26-2022
Anyone in construction know what they're doing now? looks like horizontal drilling outwards around the bottom of the dug out foundation pit?