Shinola at Queen West & Ossington is closing.
The Toronto outpost of popular watch, bike and leather goods brand Shinola is officially closing down for good. The store, which has only been in b...
Super news. These are too many and too close.Toronto no longer offering new licences to 'predatory' payday loan outlets
Major regulatory change approved through unanimous 20-0 vote on Wednesday night
Lauren Pelley · CBC News · Posted: Oct 03, 2019 3:22 PM ET
I had a friend of mine suggest him and I open a restaurant in Downtown Toronto and I quickly shot it down. He wanted to open an Indian restaurant but was looking for a cheap space downtown.One has to be very brave to open a business with these rents. I don’t like the odds.
The Tulip story is very sad. I have had more than a few brunches and late night dinners there.I had a friend of mine suggest him and I open a restaurant in Downtown Toronto and I quickly shot it down. He wanted to open an Indian restaurant but was looking for a cheap space downtown.
I called him crazy and skipped out on the idea because the costs to open any small business in Toronto is insane. You cannot open anything in Toronto for less than 4 grand a month all in these days. When you factor in staffing, product costs, rent and electricity it is not cheap anymore. Unless you are an established chain or have a stellar product/service it will be hard to succeed.
The beaches in particular is has been bad for business in the past decade. So many small businesses have gone tits up recently along Queen Street East and no doubt it is because of artificially high rents. The services and products these former businesses offered were not of high enough value to warrant the high rents and the foot traffic in the off season along Queen East is not exactly high.
Look at the Tulip that just went out of business at Queen and Coxwell. Rumour has it the landlord wanted to charge 10000 a month in rent. The consensus is they wanted to force out the tulip to sell the property to a developer.
Yah.................but...........What a disgusting eyesore that place was. I remember it.