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)

Axe and Barrel split up for sale

Owner focused on major development in Lake Cowichan

It appears it will be easier to sell the whole pie once it’s cut into pieces.

That’s the rationale behind Ron Cheeke’s 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.

“There was little interest in purchasing the whole thing,” said Cheeke, who has owned the business with his wife, Diana for the past 17 years. “There’s not a lot of people walking around with $5.5 million in their pocket.” 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. “It made more sense, and there’s been a lot more activity already,” 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 “semi-retired,” Cheeke explained. “I 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.”


Like us on Facebook and follow us on Twitter

editor@goldstreamgazette.com

Just Posted

Sooke’s under-14 girls squad ready for playoff tests

Sooke team has perfect record so far

Sooke’s Santa Run joined with Otter Point to fill the food bank

Dozens of volunteers took to the streets to gather food and cash donations

Saanich swimmer has ribs removed, posts them on social media

Jill Yoneda makes light of rare surgery for ‘slipping rib syndrome’

Transplant caregiver starts website for financial, mental health support

Beth Campbell-Duke started Transplant Rouges after her husband’s double lung transplant

Victoria ranked as one of B.C.’s worst cities to work in

High living costs and low average incomes drop Victoria from the top 10

Lawyer for Chinese exec detained by Canada says it’s ‘inconceivable’ she would flee

Meng Wanzhou was detained at the request of the U.S. during a layover at the Vancouver airport

Federal government plans examination of coerced sterilization

The Liberals have been pressed for a rapid response to recent reports on the sterilizations

Huitema, Cornelius named 2018 Canadian Youth International Players of the Year

Huitema was captain of Canada’s fourth-place team at this year’s FIFA U-17 Women’s World Cup

Canada not slowing emissions from oil and gas: environmental groups

New report released at the United Nations climate talks in Poland

Liberal Party moves Trudeau fundraiser from military base

The fundraiser is scheduled for Dec. 19, with tickets costing up to $400

Pipeline protesters arrested at B.C. university

Three protesters were arrested after TRU property allegedly vandalized with red paint

Goodale to ‘examine’ transfer of Rafferty to medium-security prison

Michael Rafferty was sentenced to life in prison in 2012 in the kidnapping, sexual assault and first-degree murder of Tori Stafford

‘Abhorrent’ condition of autistic B.C. boy shows flaws in care system: report

‘Charlie’ was underweight and ‘covered in feces’ when he was removed from his mom’s care

Minister appoints former CIRB chair to resolve Canada Post labour dispute

Postal workers engaged in weeks of rotating walkouts

Most Read