'Everybody's getting too old': Saskatoon's iconic Blue Diamond restaurant is up for sale
One of the owners of Saskatoon’s iconic diamond-shaped restaurant says his family is looking to sell the business and building because “everybody’s getting too old.”
The Blue Diamond, a spacious and kitschy Greek family restaurant that’s been a Saskatoon staple for decades, has been up for sale for about a year, according to Gus Katsiris, whose father George opened it after coming to Canada from Greece in the 80s.
He says they’ve had a good run, and served many great regulars, but it’s time to move on.
(Source: Realtor.ca)
“Like, my father is 80-years-old. The rest of the staff are in their late 60s, you know what I mean? And it’s hard to find staff,” Katsiris told CTV News on Tuesday.
Katsiris says his dad George was a bricklayer in Greece before he emigrated to Canada. His brothers owned a couple restaurants and after working with them for a while, he decided to open his own.
It takes a lot to keep a restaurant running, and Katsiris says George is still putting in long hours.
“He’s here with me every day. Oh yeah, he’s putting in like 14 hours a day — almost 80-year-old,” says Katsiris.
He says they’re looking to sell the restaurant as a turnkey business, along with the building that has one tenant, and one vacant commercial bay.
(Source: Realtor.ca)
The price to own a 12,000-square-foot piece of Saskatoon history? Just over $1.8 million, according to the real estate listing.
“Situated in a prime location, this turnkey opportunity includes the land, building, and the well-established business, all for just $1,849,900. Main floor is operating as a lounge business including 13 VLT's. The main level also has two separate bays, one currently tenant occupied, and one vacant bay. Building has recently been freshly painted,” the listing description says.
Katsiris says he’s hesitant to plan for what he’ll do if and when they sell the business, but “for sure, I’m gonna take a few months off, relax and enjoy my family.”
Until then, the Katsiris family has a restaurant to run.
CTVNews.ca Top Stories
Police arrest 3 Indian nationals in killing of B.C. Sikh activist Hardeep Singh Nijjar
Three people have been arrested and charged in the killing of B.C. Sikh activist Hardeep Singh Nijjar – as authorities continue investigating potential connections to the Indian government.
Five areas Canada's foreign interference commissioner says needs more investigation
Commissioner Marie-Josee Hogue released her interim report examining foreign election interference on Friday. Here are five elements of the issue that Hogue says she needs to further probe before she can make conclusions or recommendations.
Police officer hit by driver of fleeing vehicle in Toronto
York Regional Police say they are continuing to search for a suspect in an auto theft investigation who was captured on video running over a police officer in Toronto last month.
Why your airfare may be getting more expensive
Skyrocketing airfare prices are linked to heightened competition and rising food and fuel, according to the CAA.
TD worst-case scenario more likely after drug money laundering allegations: analyst
TD Bank Group could be hit with more severe penalties than previously expected, says a banking analyst after a report that the investigation it faces in the U.S. is tied to laundering illicit fentanyl profits.
New weight-loss drug Wegovy not a 'magic bullet,' doctor warns
As Wegovy becomes available to Canadians starting Monday, a medical expert is cautioning patients wanting to use the drug to lose weight that no medication is a ''magic bullet,' and the new medication is meant particularly for people who meet certain criteria related to obesity and weight.
Drew Carey is never quitting 'The Price Is Right'
Drew Carey took over as host of 'The Price Is Right' and hopes he’s there for life. 'I'm not going anywhere,' he told 'Entertainment Tonight' of the job he took over from longtime host Bob Barker in 2007.
Funeral today for broadcasting legend and voice of 'Hockey Night in Canada' Bob Cole
A funeral is being held today for hockey broadcasting legend Bob Cole in his hometown of St. John's, N.L.
Foreign meddling 'did not affect' overall federal election results: inquiry report
Foreign interference by China did not affect the overall results of the 2019 and 2021 general elections won by Justin Trudeau's Liberals, a federal commission of inquiry has found.