Towered
Superstar
Who are the people who keep these places afloat? What do they do for a living??
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- Thread starter TOareaFan
- Start date
evandyk
Senior Member
I imagine it's the same crowd that keeps all of the King W establishments going. A mix of professionals who can easily afford it, "aspiring" professionals who can't but enjoy the conspicuous consumption aspect, tourists, and people out for a big night to celebrate something and think the best way to do that is drop a lot of cash on something "unique".
Benito
Senior Member
Sorry if this has already been posted, but a new omazake sushi restaurant is the first retail coming to the Gloucester.
gabe
Senior Member
If you think that's absurd!! MARBL on King West has a "luxury cocktail" menu. Martini's go as high as $250! So King West
artyboy123
Senior Member
What's on the menu at Ricky and Olivia, a playful new restaurant and bottle shop in Leslieville
Including McDonald’s-inspired snacks and boozy slushies
torontolife.com
artyboy123
Senior Member
Sort-of Secret: Southeast Sandwiches, a fast-casual spot in Woodbridge serving Vietnamese and Filipino twists on sandwiches, tacos and poutine
From two friends with fine-dining backgrounds who decided to break into the fast-food industry
torontolife.com
artyboy123
Senior Member
What's on the menu at Aamara, Corso Italia's luxurious new Indian restaurant
Including an interesting Indian twist on a charcuterie board
torontolife.com
AlbertC
Superstar
If you think that's absurd!! MARBL on King West has a "luxury cocktail" menu. Martini's go as high as $250! So King West
I'm old school. Just came back from a Vegas trip where I bought $4.99 USD bottles of soju from a Target store there and mixed it with whatever juice we could get and then hit the casinos where they serve "free drinks" for a tip on the side.
artyboy123
Senior Member
Damn even converting to CAD ...a bottle of soju is so much cheaper in USA vs our "cough cough" LCBO https://www.lcbo.com/en/charm-soju-liquor-40626 with the option of earning 10 aeroplan points....
Northern Light
Superstar
Damn even converting to CAD ...a bottle of soju is so much cheaper in USA vs our "cough cough" LCBO https://www.lcbo.com/en/charm-soju-liquor-40626 with the option of earning 10 aeroplan points....
One has to be careful to compare brand, size, and also similar city/region.
I just looked up the retail price, not on sale of 375ml of Charm Soju in Buffalo, NY - I get $7.34 USD; other brands varied btw $6.99-$7.99USD
Taking that first price and translating to CAD, I get $10.03 vs the LCBO price of $10.90
So there is a discrepancy, but not huge.
Sure the booze is a bit cheaper IN Vegas, but the cost of the round trip flight is ~$400; making the Soju $403.99 LOL
gabe
Senior Member
Damn even converting to CAD ...a bottle of soju is so much cheaper in USA vs our "cough cough" LCBO https://www.lcbo.com/en/charm-soju-liquor-40626 with the option of earning 10 aeroplan points....
Yep. My parents don't drink but go to the US all the time. I give them my shopping list for cognac and scotch. I got Courvoisier VSOP recently for only 40 bucks US. It's $109.95 at the LCBO! What a scam the LCBO is.
torontowest91
Active Member
Yes.USA is cheaper for alcohol - bought Don Julio 1942 for $155 in Florida, I think its $320 here at LCBO. Even after exchange, its only about $215... still $100 cheaper!
Northern Light
Superstar
In light of the discussion above; perhaps some people would like to see how the LCBO price structure works:
* before anyone asks, no this is not confidential information, LOL, its freely available if you know where to look. It was provided by the LCBO to a member of the public.
* before anyone asks, no this is not confidential information, LOL, its freely available if you know where to look. It was provided by the LCBO to a member of the public.
Northern Light
Superstar
Now, I'll illustrate certain effects of taxation; these are approximate.
Roughly - U.S. Federal Tax on spirits is 1/4 the Federal rate here.
Since someone used Vegas as an example, the City+State sales tax in Vegas is 8.38%, while the rate in Toronto would be 13% HST.
If we harmonized at the U.S. rates for the example above.
The landed cost drops to ~$8.12
To which you then apply the LCBO mark up of 139% to get $11.28 + $8.12 for a total of $20.40
Then we add the domestic charges for volume levy and env. .38c for $20.78
You then factor the sales taxes. Apply the lower rate of 8.38%
Which gives you a grand total of $22.32
The remaining price difference is largely the LCBO's mark-up.
That mark up in the U.S would vary widely, but likely be the range of 50% on mid-range product. (as opposed to 139%)
***
If we go back and adjust the mark-up to 50%
You lower the retail price to $18.12
Needless to say if you find a discount liquor shop, where the markup might be as low as 30% in a state with no sales tax the price would drop further still.
Roughly - U.S. Federal Tax on spirits is 1/4 the Federal rate here.
Since someone used Vegas as an example, the City+State sales tax in Vegas is 8.38%, while the rate in Toronto would be 13% HST.
If we harmonized at the U.S. rates for the example above.
The landed cost drops to ~$8.12
To which you then apply the LCBO mark up of 139% to get $11.28 + $8.12 for a total of $20.40
Then we add the domestic charges for volume levy and env. .38c for $20.78
You then factor the sales taxes. Apply the lower rate of 8.38%
Which gives you a grand total of $22.32
The remaining price difference is largely the LCBO's mark-up.
That mark up in the U.S would vary widely, but likely be the range of 50% on mid-range product. (as opposed to 139%)
***
If we go back and adjust the mark-up to 50%
You lower the retail price to $18.12
Needless to say if you find a discount liquor shop, where the markup might be as low as 30% in a state with no sales tax the price would drop further still.
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Coolibop
Active Member
++prices here have all taxes in which could also make it seem higher?