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Tiki Central Forums » » Locating Tiki » » Trader Vic's Portland Oregon (New), Portland, OR (restaurant) FIRE March 2, 2016. Closed permanently
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Trader Vic's Portland Oregon (New), Portland, OR (restaurant) FIRE March 2, 2016. Closed permanently
MaukaHale
Tiki Socialite

Joined: May 07, 2012
Posts: 619
From: The base of the Volcano
Posted: 2016-03-18 8:02 pm   Permalink

Here are some of the commemorative mugs:



The one on the left was for the opening followed by the 1, 2 and 3 year anniversary. I wasn't able to get the 4th year mug,



_________________

"People are like islands. You have to get close to them to know what they are about."
~ Adam Troy


 
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Fez Moai
Grand Member (3 years)  

Joined: Dec 01, 2013
Posts: 363
From: Parts unknown
Posted: 2016-03-19 04:33 am   Permalink

The corporate office in Emeryville will most likely take the furnishings back with them. When Trader Vic's L.A. Live closed down, they came down and took the stuff back up to Emeryville with them.

 
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AceExplorer
Grand Member (5 years)  

Joined: Apr 03, 2008
Posts: 1855
From: Deep in the Jacksonville Florida jungle.
Posted: 2016-03-19 06:10 am   Permalink

Thanks, Fez. That brings up the question --- when someone opens a new TV's franchise, are they also required to obtain their décor from the corporation? That would explain all the stuff going back to the home base when a restaurant shuts down. Now with Palo Alto and Portland having recently closed, there must be a very nice collection in the corporate warehouse.

Can any TV's insider offer more insight? How about offering a tour? Or offering a garage sale? Heh, can't hurt to ask --- the recent developments are likely to make it a whole lot harder for TV's to recruit new franchisees. Do they really want to pay for storage for all that stuff for what could be many, many years when a few of us would be happy to take some of it off their hands now? I'm certain that some of that stuff would love to remain in Portland with local collectors, tiki bars, and tikiphiles.

Inquiring tiki minds are hard at work.....


 
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Hakalugi
Site Administrator

Joined: Aug 10, 2004
Posts: 3361
From: Redondo Beach, CA
Posted: 2016-03-19 10:15 am   Permalink

Quote:

On 2016-03-19 06:10, AceExplorer wrote:
... Or offering a garage sale? ...



It wouldn't be the first time:
http://www.tikiroom.com/tikicentral/bb/viewtopic.php?topic=27220&forum=1

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hang10tiki
Tiki Socialite

Joined: Jul 18, 2010
Posts: 5984
From: Las Vegas
Posted: 2016-03-19 9:49 pm   Permalink

Dusty- Lookin good Bruddah
Mauka- nice to see all the mugs, every time we went, we just missed em
Hauka- would be nice
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Worst sound ever, slurp of an empty tiki mug through my straw!!!


 
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tigertail777
Tiki Socialite

Joined: Nov 25, 2004
Posts: 679
From: Oregon
Posted: 2016-03-20 04:18 am   Permalink

I don't post really anymore, but I do lurk.... I forgot I posted this, and am very sad about the demise of Portland Vic's. I truly had a magical time there and will greatly miss it.

 
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Dr. Coruba
Tiki Socialite

Joined: Jun 02, 2008
Posts: 277
Posted: 2016-03-20 11:27 am   Permalink

Mahalos to Hang10 for the great set of photos. It is now as close to being there as we who missed out can get.

Just some perspective on the rent costs. From what I have read, this unit was 8,000 square ft, which breaks down to $30 per sq. ft. Rates are very, very relative. Around my area, DC suburbs, that would be on the low end of average for the trendy neighborhoods. Looking at commercial real estate listings for Portland, $30 looks to be on the high side of average.

As for the 6K to Vic's, not knowing all the details about a TV franchise, I'd have to say that something is fundamentally flawed with their franchise arrangement. In the US since 2000, 10 Trader Vic's were optioned. With Portland's closing, not a single one of them remain open. The longest run was Palo Alto that lasted 11 years, and the overall average is 4 years from open to closing (worth noting because a lot of initial lease terms are for 5 years - it suggests that many of these locations folded their tents rather than renew their leases).

It is sobering to see such a failure rate. Trader Vic's has probably reached a tipping point where anyone even thinking about franchising in the US would see that and run. Unless TVHQ really overhauls their business model with something that has a greater chance of success, and it may be too late already, I doubt we will ever see another location ever open in the US.


 
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AceExplorer
Grand Member (5 years)  

Joined: Apr 03, 2008
Posts: 1855
From: Deep in the Jacksonville Florida jungle.
Posted: 2016-03-20 9:24 pm   Permalink

Quote:

On 2016-03-20 11:27, Dr. Coruba wrote:
It is sobering to see such a failure rate.



I really like your analysis. It makes me wonder who is running the TV's organization -- elementary school kids? Are they in business to really be in business? It certainly doesn't seem like it -- they are trashing their reputation and track record.

The other side of the coin is that franchisees typically do a lot of research before making a commitment. They also typically see TV's side-by-side with many other businesses at trade shows, in trade magazines etc. So what is it that makes someone decide to open a TV's franchise in the face of such grim performance and such steep cash outflows to the parent company?

It's puzzling...


 
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Loki-Tiki
Grand Member (first year)  

Joined: Nov 05, 2007
Posts: 433
From: Like...The Valley
Posted: 2016-03-22 11:15 am   Permalink

http://www.oregonlive.com/dining/index.ssf/2016/03/trader_vics_closes_portland_lo.html

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tikilongbeach
Tiki Socialite

Joined: Aug 05, 2011
Posts: 1610
From: Long Beach, CA via Dallas, TX
Posted: 2016-03-22 5:49 pm   Permalink

The tikis that Tiki Diablo carved for the LA Live location went to the new location in Seychelles.
_________________
-Lori


 
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AceExplorer
Grand Member (5 years)  

Joined: Apr 03, 2008
Posts: 1855
From: Deep in the Jacksonville Florida jungle.
Posted: 2016-03-22 8:25 pm   Permalink

On 2016-03-22 17:49, tikilongbeach wrote:
The tikis that Tiki Diablo carved for the LA Live location went to the new location in Seychelles.


Now THAT is cool!


 
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hang10tiki
Tiki Socialite

Joined: Jul 18, 2010
Posts: 5984
From: Las Vegas
Posted: 2016-03-25 9:31 pm   Permalink

Sad it costs so much to run one
When will they realize that

Zero percent of Zero is Zero
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Worst sound ever, slurp of an empty tiki mug through my straw!!!


 
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