Sir Royalty Income Fund T.SRV.UN

Traffic update

[flamingogold]

Passed by the Jack's on Friday night on Yonge near Sheppard. This location might be their flagship, it is 3 levels including a large rooftop. There was a huge line-up of people in the evening waiting to get in and I believe they had the longest line of all restaurants on the strip. I did not get to go in myself, but from the street you could see and hear a lot of people inside.

Obviously, by law there is a requirement for reduced capacity. No way around this. This stretch of Yonge is extremely competitive for dining dollars. So, it was a good sign to see that Jack's has a loyal customer base that is eager to come back and spend at their favourite establishment. A good sign in a bad economic environment as some establishments had no lines and were empty inside and some were shuttered for good.

The next day I was in the east end of the city where there is Scaddabush, Jack's and Canyon Creek. It was mid day. Jack's and Scaddabush had average traffic given the time of day. Canyon on the other hand was visibily shuttered. While they do have an outdoor patio available to them, they have decided to keep their doors closed. This echos my earlier sentiment that they may not ever re-open. We shall see since the airport location has since re-opened.