Liar. Always parking, every time, handier than the home depot musical cars. Ace had employees who came over to ask how they could help, the opposite of home depot's understaffed, inattentive help they're known for.
I found stuff at Ace home depot didn't carry, so whatevs, 7:22. You're just hoping for a new beer joint to call home.
Rumors are that a microbrewery is going in there. Is there any truth to that? Apparently Ace lost their lease - it wasn't for a lack of business. Are there bidding wars for open leases now? The Whole Foods location is a white elephant - again, no easy access. It will have to be broken into smaller units to stand a chance of being rented. Or make it a pot hooka party center.
The market for restaurants and beer and booze joints in downtown Encinitas is saturated. The rents are astronomical. There's not enough parking. Those ingredients are not a recipe for success.
If the market is saturated, then you have nothing to worry about. No one opening a new business wants to lose their money by entering a saturated market.
If you are right, then there won’t be a restaurant proposed for that location, because that’s how markets work.
Who's worried? 12:28 stated the facts. Solace and D Street closed for these reasons: Too many restaurants and booze/beer places downtown for the population, high rents, not enough easy parking. Whole Foods closed cause not enough population, high rent/high prices, big hassle to park and shop, Lazy Acres opened with a big parking lot about a half mile away.
Whoever is looking at the Ace location for whatever purpose has to consider those facts.
12:42, maybe from all the cry babies who live life to whine about evil alcohol establishments taking over the world. Shouldn't have been hard to figure that out for anyone who's not a doorknob.
What makes you think the property is for sale? It and the rest of the Lumberyard center are owned by Bellflower Capital in Beverly Hills. The tenants lease the retail space. Every tenant has a big nut to crack just to break even.
Actually, the landlord may have more to do with what goes in there than the city. Retail landlords are always looking for the right mix of tenants to get as much traffic into the property as possible. The more traffic, the better the tenants do, and since most retail lease agreements have a percentage of gross receipts as rent clause the landlord doesn't want to screw this up!
The city could hypothetically limit the number of alcohol serving establishments by ordinance, within a particular concentrated commercial area. Owners of the retail space downtown may now recognize that pub crawls are a permanent commercial feature and has the greatest potential for rents. Ace may have been forced out by minimized profit margins with higher rents, so they could not compete in the bidding. The idea that the owners of the property were looking for the appropriate mix of businesses probably doesn't apply - the "anchor" tenant concept applies to larger shopping centers; not the hodge-podge spread that exists downtown. Another booze joint is just about the revenue - we are morphing/ have morphed into another Pacific Beach.
All the city has to do to limit the number of alcohol-serving places anywhere in the city is to deny new alc-service licenses. The rents downtown are very high, making it hard for anybody who doesn't serve alc to survive. But now there are so many alc places that the market is saturated. The supply exceeds the demand. That and not enough easy parking is why at least two alc places have closed. Whole Foods and Ace also suffered because parking was limited and a hassle. The shopping centers on El Cam Real have huge parking lots out front for a reason.
If what you say is true, then the city wouldn’t need to deny alcohol permits, because there wouldn’t be any applications.
If the market is saturated, then no one would risk their own cash trying to open a business.
Both things can’t be true.
Either the market is saturated and there will be no applications for new permits.
Or
The market is not saturated, and there will be new permit applications to support demand.
There are many reasons why businesses fail. You’ve offered no proof that a supply-demand imbalance caused those businesses to fail. Maybe they were poorly managed. Maybe they allowed food quality to slip. Maybe customers were drawn away by competitors offering a new menu and more interesting experience.
When was the last time somebody applied for a new alcohol-service permit downtown?
Months back, a local counted the number of alcohol-serving places between K St and Enc Blvd. There were 28. Sure sounds like saturation to me.
The number of restaurants/bars/beer places went way up within a short time. Then two that had been there for years bailed. Sure sounds like cause and effect to me.
5:11 Downtown Encinitas became the Hot New Thing. Several alky places were doing very well. So a bunch of others jumped in. That made it too many for the market, so two closed.
Lotus Cafe has been in the Lumberyard for almost 10 years. They're almost always busy, and they don't serve alcohol. They identified a market and served it.
The city can get a double win here. Require the owners put in low cost housing. In fact mandate that it only be rented to illegal aliens under California's sanctuary state policies. Then the city councilpersons can feel good about themselves.
If the residents need to put up with low cost housing next door to them why not business owners?
The landlord is horrible. Raised my rent yearly for 15 years until it wasn't worth anymore. Had a very successful business. They are all greed and lies.
Sad to see Ace go. Bring back the Community Market!
ReplyDeletesurely the City will promote another bar under the current lack of leadership.
ReplyDeleteIt was a dumb location anyway. So there.
ReplyDeleteNo parking for a hardware store. Never had what I wanted and I had to go to Home Depot anyway.
ReplyDeleteLiar. Always parking, every time, handier than the home depot musical cars. Ace had employees who came over to ask how they could help, the opposite of home depot's understaffed, inattentive help they're known for.
DeleteI found stuff at Ace home depot didn't carry, so whatevs, 7:22. You're just hoping for a new beer joint to call home.
I agree with 10:21. I went there 2-3 times a week. Parking no problem, good service. 90% of the time had what I needed.
DeleteRumors are that a microbrewery is going in there. Is there any truth to that? Apparently Ace lost their lease - it wasn't for a lack of business. Are there bidding wars for open leases now? The Whole Foods location is a white elephant - again, no easy access. It will have to be broken into smaller units to stand a chance of being rented. Or make it a pot hooka party center.
ReplyDeleteYeah, um, if they couldn’t afford the market rate for the lease, then it was a lack of business, by definition.
DeleteThe market for restaurants and beer and booze joints in downtown Encinitas is saturated. The rents are astronomical. There's not enough parking. Those ingredients are not a recipe for success.
ReplyDeleteIf the market is saturated, then you have nothing to worry about. No one opening a new business wants to lose their money by entering a saturated market.
DeleteIf you are right, then there won’t be a restaurant proposed for that location, because that’s how markets work.
Who's worried? 12:28 stated the facts. Solace and D Street closed for these reasons: Too many restaurants and booze/beer places downtown for the population, high rents, not enough easy parking. Whole Foods closed cause not enough population, high rent/high prices, big hassle to park and shop, Lazy Acres opened with a big parking lot about a half mile away.
DeleteWhoever is looking at the Ace location for whatever purpose has to consider those facts.
Like I said, if you don’t want a bar/restaurant, and you are correct, then you have nothing to worry about.
DeleteBut it’s not the city’s job to weigh in on the financial plan of the business in the permitting process.
but under blakespear it seems to be the city's business to guarantee a profit for every business owner!
DeleteWorry? Where does that come in? What are you talking about, 5:46?
DeleteYou’re either dumb, or playing dumb.
DeleteEither way, not worth my time.
9:02 You're the dummy. You wrongly assumed there was worry involved. Where does worry come in?
Delete12:42, maybe from all the cry babies who live life to whine about evil alcohol establishments taking over the world. Shouldn't have been hard to figure that out for anyone who's not a doorknob.
Delete2:20 Thank you for explaining why you got it wrong.
Delete"booze joints"
Deletelol, fucking nerds
I’m shocked to learn from EU posts that city government dictates which businesses operate from which buildings downtown.
ReplyDeleteI always thought it was up to the people risking their own money on the building and the business.
Yeah I agree with 1:53! Buy the property and make it into any business you want to take a financial risk on.
ReplyDeleteWhat makes you think the property is for sale? It and the rest of the Lumberyard center are owned by Bellflower Capital in Beverly Hills. The tenants lease the retail space. Every tenant has a big nut to crack just to break even.
DeleteActually, the landlord may have more to do with what goes in there than the city. Retail landlords are always looking for the right mix of tenants to get as much traffic into the property as possible. The more traffic, the better the tenants do, and since most retail lease agreements have a percentage of gross receipts as rent clause the landlord doesn't want to screw this up!
ReplyDeleteThe city could hypothetically limit the number of alcohol serving establishments by ordinance, within a particular concentrated commercial area. Owners of the retail space downtown may now recognize that pub crawls are a permanent commercial feature and has the greatest potential for rents. Ace may have been forced out by minimized profit margins with higher rents, so they could not compete in the bidding. The idea that the owners of the property were looking for the appropriate mix of businesses probably doesn't apply - the "anchor" tenant concept applies to larger shopping centers; not the hodge-podge spread that exists downtown. Another booze joint is just about the revenue - we are morphing/ have morphed into another Pacific Beach.
DeleteAll the city has to do to limit the number of alcohol-serving places anywhere in the city is to deny new alc-service licenses. The rents downtown are very high, making it hard for anybody who doesn't serve alc to survive. But now there are so many alc places that the market is saturated. The supply exceeds the demand. That and not enough easy parking is why at least two alc places have closed. Whole Foods and Ace also suffered because parking was limited and a hassle. The shopping centers on El Cam Real have huge parking lots out front for a reason.
DeleteIf what you say is true, then the city wouldn’t need to deny alcohol permits, because there wouldn’t be any applications.
DeleteIf the market is saturated, then no one would risk their own cash trying to open a business.
Both things can’t be true.
Either the market is saturated and there will be no applications for new permits.
Or
The market is not saturated, and there will be new permit applications to support demand.
There are many reasons why businesses fail. You’ve offered no proof that a supply-demand imbalance caused those businesses to fail. Maybe they were poorly managed. Maybe they allowed food quality to slip. Maybe customers were drawn away by competitors offering a new menu and more interesting experience.
When was the last time somebody applied for a new alcohol-service permit downtown?
DeleteMonths back, a local counted the number of alcohol-serving places between K St and Enc Blvd. There were 28. Sure sounds like saturation to me.
The number of restaurants/bars/beer places went way up within a short time. Then two that had been there for years bailed. Sure sounds like cause and effect to me.
5:11 Downtown Encinitas became the Hot New Thing. Several alky places were doing very well. So a bunch of others jumped in. That made it too many for the market, so two closed.
DeleteThen there will be no opportunity for council to deny permits, right?
DeleteEntrepreneurial people pursue foolish ventures all the time. Dreams cloud judgment and die hard. Restaurants have a high failure rate.
Deletehttps://www.foodnewsfeed.com/fsr/expert-insights/restaurant-profitability-and-failure-rates-what-you-need-know
Lotus Cafe has been in the Lumberyard for almost 10 years. They're almost always busy, and they don't serve alcohol. They identified a market and served it.
Bottom line is the city doesn't decide!
ReplyDeleteOf course not!
ReplyDeleteThe city can get a double win here. Require the owners put in low cost housing. In fact mandate that it only be rented to illegal aliens under California's sanctuary state policies. Then the city councilpersons can feel good about themselves.
ReplyDeleteIf the residents need to put up with low cost housing next door to them why not business owners?
How bout we mandate what goes on your property first?
DeleteThe landlord is horrible. Raised my rent yearly for 15 years until it wasn't worth anymore. Had a very successful business. They are all greed and lies.
ReplyDelete