The restaurant has been owned by the Bekios family since 1984. George Bekios passed away in 2024 leaving his two daughters to run the place. Like many Greek owned restaurants, it comes down to no one left in the family to run it for years to come when everyone is near retirement or the founding member passes it away.
St. Mary's is a valuable piece of real estate and it is not surprising a buyer has been found. No word on what the new business might be.
This comes on the heels of another business in a different field closing. Croft Music, after a 110 year in the music industry is closing. Violins by Anton will continue in the same spot on Henderson Highway. A differed type of business than Croft's but related. It will be by appointment only.
There has been an uptick in the last year of business retirements and some locations have turned into hot commodities. Retail sales have been up, restaurants have found growth in breakfasts. Were it not for tariffs, Canada might be even better positioned for growth. As it is. we will have to see some innovation as one generation hands over business to the next generation.
No comments:
Post a Comment