TEK Tower (30 Francis) | 45 fl | U/C

[tomh009]

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.
(...)

[panamaniac]

Perhaps a small pet shop ....

[Momo26]

Lol is this from something specific? At this rate you're gonna end up "price frozen" NoName marble...if you're lucky.

[Momo26]

Quote feature isn't working for me ^

[ijmorlan]

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

[Bjays93]

Perhaps a small pet shop ....

I wish to register a complaint...

[ac3r]

Pet stores? Not in my backyard.

[tomh009]

Two Ronnies also excellent!

[CedarHillAlum]

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.

[taylortbb]

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.

[Joedelay Highhoe]

$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.

[panamaniac]

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.

[tomh009]

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.

[tomh009]

$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.

[CuilTard]

Anyone in construction know what they're doing now? looks like horizontal drilling outwards around the bottom of the dug out foundation pit?