Saturday, January 8, 2011

It was good while it lasted

This happens a lot around here. Somebody finds a disused corner to create a beautiful space.They put a huge amount of time,money and passion  to create something exquisitely good. The business becomes moderately successful,the land-lord,with snout firmly in the trough, jacks up the rent to an astronomically ridiculous level, the tenants grow disheartened and throw in the towel. The space   sits empty, rent free for the next 2 years while the aforementioned property owner waits for the next unsuspecting sap.

RIP cafe' Veulta. It was good while it lasted.You made us feel welcome every time we visited and your coffee was always 5 stars,without fail.


Trevor Woodford said...

Greetings from the UK.

Thank you for your recent visit to my 'purpletraveller' blog.

I have just read through all your posts since your first entry. Lots of interesting stuff.

I have added a link from my blog to yours and will continue to follow.

Sorry to read about the closure of one of your favourite cafe/coffee shops.
This kind of thing happens all too often these days - greed - it seems to get in everywhere.


Sinbad and I on the Loose said...

That very senario I've seen so often and I still don't get it. If I were a property owner I'd think getting something in the form of rent in once a month would be far better than the building standing vacant for months or years with a for lease sign in the window. But I am not a business major so what do I know?

bikelovejones said...

This is a big reason why, in Portland, there are two kinds of new bike shops that have popped up in the last 2-3 years:

a. Nice shop, sells fancy bikes of one specialty or another. Proprietor has deep pockets (or a relative with same), and is able to pour enough capital into the business to help it over the transitional hump). Depending on how well the business selected its focus and identified its target market these shops have so far shown some promise.

b. Someone with tools and at least some skill find a garage somewhere -- or perhaps their own -- and they hang a shingle advertising the world's cheapest tune-ups (going rate for this kind of shop is around $35.00, half to a third of what established shops charge, and frankly you get what you pay for). These shops tend to cater to the group of cyclists who can't afford services or parts at a more established shop, so more segments of the cycling population are served, at least to some extent.

This growth spurt in bike businesses in Portland began about four years ago and I expect to see some shakeout before too long, as the less-successful shops close and/or merge with other shops. It will be interesting.

The Duck Herder said...

It's the bikes AND cafe thing that I love. There is a great thriving example in a small town called Goulburn about 100km from here..called the greengrocer, because it is also that too. But locally, in Phillip which is about 6km from my house and the nearest town centre there are three bike shops within two blocks of each other....which seems a bit crazy....and certainly not sustainable in the long term...

Sorry for your loss!

m e l i g r o s a said...

:( too bad
money killed passion

slow rpm said...

Thanks all ,for your comments.It seemed like the 2 women who created this cafe spent 6 months of blood sweat and tears getting it up and running.Then, after 6 months of just breaking even, the LL reneged on his word and jacked up the rent. They closed a week later. This was especially sad for us, as being just around the corner, we were witness to their toil, and then heart break. I hope they have better luck with their next venture.