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Axe and Barrel split up for sale

Owner focused on major development in Lake Cowichan
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Axe and Barrel Brew Pub owner Ron Cheeke, head brewmaster David Woodward and Chris Silvestri, director of operations, raise a toast to the opening of their new venture. (Gazette file photo)

It appears it will be easier to sell the whole pie once itB次元官网网址檚 cut into pieces.

ThatB次元官网网址檚 the rationale behind Ron CheekeB次元官网网址檚 decision to list the land and buildings that make up Axe and Barrel and Brewing Company separately for sale. Cheeke had originally listed the property, businesses, equipment and assets together in a package for $5.5 million in March of this year.

B次元官网网址淭here was little interest in purchasing the whole thing,B次元官网网址 said Cheeke, who has owned the business with his wife, Diana for the past 17 years. B次元官网网址淭hereB次元官网网址檚 not a lot of people walking around with $5.5 million in their pocket.B次元官网网址 When the original listing with Collliers International expired, he decided to list with Victoria Realty. They suggested splitting the asking price into $3.7 for the land and building, and $1.275 million for brewery, pub and all equipment and assets. B次元官网网址淚t made more sense, and thereB次元官网网址檚 been a lot more activity already,B次元官网网址 he noted.

The Axe and Barrel was born when Cheeke added a brewery and extensive renovations to the tune of $2 million in 2015 to the location formerly known as the Loghouse Pub.

Several factors played a role in the decision to take a step toward being B次元官网网址渟emi-retired,B次元官网网址 Cheeke explained. B次元官网网址淚 just got the go ahead for an 27 home waterfront development on 17 acres on Lake Cowichan. And we want to focus more time on Liquor Planet, where my kids work, as well.B次元官网网址


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