Towered
Superstar
When are they closing? I've never been...
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Restaurant Comings & Goings
- Thread starter TOareaFan
- Start date
tripwire
Active Member
Looks like Saturday May 9th.
Mihairokov
Senior Member
Presumably dude is retiring.
artyboy123
Senior Member
Name: Osteria Alba
Contact: 665 College St., osteriaalba.ca, @albatoronto
Neighbourhood: Little Italy
Previously: Vivoli
Owners: Adam Pereira
Chefs: Adam Pereira and Ying Gui
Accessibility: Not accessible
Chef Adam Pereira fell in love with the art of cooking on the Caribbean island of St. Kitts. His grandfather owned a hotel there, and a young Pereira could often be found watching the chefs at work. “I basically grew up in the hotel kitchen,” he says.
In 2000, Pereira’s family moved to Toronto, where he would attend George Brown’s culinary arts program before getting a job as a saucier at Gusto 101 when it opened in 2012. He spent years working alongside owner Janet Zuccarini, who quickly became one of his biggest mentors. “I learned a lot from her management and how she structured her restaurants,” he says.
artyboy123
Senior Member
A new cocktail lounge from a team of industry veterans is set to open in Leslieville next month. Bar Etc. will transform a space near Gerrard and Jones—once home to the Dive Shop, a surf-themed spot—into a softer and sexier concept, weaving tropical hints through sophisticated cocktails and boldly flavoured small plates.
“We’re not trying to be a tiki bar,” says general manager Lee Stein. “There will be some tropical fruit ingredients, but we’re also mixing in some savoury stuff and playing with barks and roots and spices. We’re taking inspiration not just from a single area that you might deem tropical but from places around the world.”
artyboy123
Senior Member
For the uninitiated, what is Danu Social House?
It’s a bar at Queen and Dufferin—though it’s become a lot more than that. We opened in July of 2022, and since then it’s become a community. We’ve always had that idea at our core: we wanted Danu to be a kind of living room, a third space where people can gather and have good conversations. It’s the kind of bar where people can come by themselves but then meet people and socialize. We host volunteer-run events to help make that happen. And it’s also a political space: the other week, we hosted a drag show fundraiser for Palestine. So it’s a community space that’s clear about its values.
evandyk
Senior Member
It's not clear how they're "cashing out" if they're not selling the name/location to someone to keep operating it. Unless they own the building and are selling it to a developer.
Northern Light
Superstar
Possible. But restaurants have always been a high risk business. One generally assumed to fully pay for the investment within 3-5 years and if you make it past 8 years you're gold.
A business that has lasted decades, presuming it remained profitable, should be able to attract decent offers.
But it worth saying, some businesses such as this made very little profit, but the owners covered their costs and paid themselves a decent salary, and that worked for them.
I don't know that that is the case here, but its not uncommon.
That can work for an owner who enjoys the business, but may make it a challenge to sell.
True, but the direct site, is definitely too small and constrained to be of material interest. I don't know if they are the land owners here, or how much of the block they own, but the parcels the diner occupies are not sufficient in size for a typical tower.