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

Colwood development draws ire of residents

Developer says he’s listened and addressed residents’ concerns

What is it like to be part of the Canadian Armed Forces?

Try military rations, combat gear and simulated shooting range on Saturday

B.C. needs Disability Act: Victoria council

Council motion asks province to make B.C. barrier free

Victoria Police meet Aboriginal activists for afternoon flick

The group gathered as part of ongoing series of events supporting reconciliation efforts

100,000 bulbs shine bright for Lights of Hope

St. Paul’s Hospital in Vancouver launched its annual campaign to raise funds for equipment, research

‘I will now live in consistent fear’: Allan Schoenborn granted escorted leaves

The Merritt man was deemed not criminally responsible in the killing of his three children in 2008

Hammy the deer dodges conservation officers in Prince Rupert

The famous Prince Rupert hammock deer maintains his purple threads

‘No shirt, no service, no Canada’

Shirtless Tacoma man arrested after Canadian border officials say they found meth in rental vehicle

West Shore craft fair roundup

Holiday-themed events taking place on the West Shore

Weekend hit list: Things to do in Greater Victoria

FRIDAY Find Mr. Nutcracker and his cousin Tommy Tempo as they visit… Continue reading

Uptown’s Christmas Tree Light Up is Saturday night

Uptown assembling 54-foot-tall tree for fifth annual Light Up

Nasty note on B.C. windshield sparks online outrage

Vernon’s Bailey McDonald is using a painful experience to start conversation about invisible illness

Federal funding to combat guns, gangs and opioid crisis

Public Safety Minister Ralph Goodale said illicit drugs are often main cause of guns, gangs violence

Most Read