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+--- Thread: Coconut Wireless Transmission: Adios Coco Cantina (/showthread.php?tid=23416)
RE: Coconut Wireless Transmission: Adios Coco Cantina - Punatang - 09-01-2024
The place was dead most of the time except Friday happy hour. The $5/sqft was a known. If they had brought in the business that they must have projected, then all would be well. If you have the best deal in town, but no one in town knows you have it, there is work to be done. Marke Ting is not a city in China.
The rent is too damn high but they knew that going in. Are they closing L&L too?
RE: Coconut Wireless Transmission: Adios Coco Cantina - HereOnThePrimalEdge - 09-02-2024
The rent is too damn high but they knew that going in.
It’s possible some of those leases were signed before the 2018 lava flow. If so, there were 700 more homes in lower Puna then, some vacation rentals with guests who would stop for breakfast lunch dinner driving through Pahoa.
The lava flow made any projections of potential customers worthless.
RE: Coconut Wireless Transmission: Adios Coco Cantina - Punatang - 09-02-2024
It’s possible some of those leases were signed before the 2018 lava flow
That's fair Edge and it is something I hadn't considered.
RE: Coconut Wireless Transmission: Adios Coco Cantina - Punatang - 09-03-2024
Housing units
[attachment=291]
OK Edge, I've considered it and done some research, and the effects of the 2018 eruption, at this point, should be zero or very close to it. Please see the attached screenshot from reventure.app. If the data is to be trusted, then in 96778 there were 7018 housing units in 2017. As of 2022, there were already 6870 housing units, meaning the lost 700 houses were being replaced, on average, at a rate of 110.4 houses per year. If that trend continued during 2023 and the first 8 months of 2024, then we can extrapolate that about 735 houses should have been built between 2017 and August 2024.
Please see the second screenshot, below, from reventure.app, which shows population figures for 2017 and 2022. In 2017, those housing units, plus a pile of jungalows, huts, hooches, tree houses, yurts, vans, school buses, tents, Quonset huts, air-crete temples, you-name-it, plus plus, etc., supported a population of 15,081 in 96778. By 2022, that number had already recovered to 14,310. It is reasonable to surmise that we are, roughly, back to our pre-eruption population of Punatics as well.
It may be that the owners' pro forma projected a population increase. An even greater distortion may have been the effects of COVID with its PPP, Restaurant Revitalization Fund Grants, and other helicopter money flying around. Certainly the change in interest rates has an outsized effect on businesses that rely on lines of credit. Insurance costs have also increased for businesses. Inflation has been brutal for everyone. People's habits have changed. Popeye's finally opened. We went from only having Luquin's as a Mexican food competitor to suddenly having numerous options along the highway and at farmers markets.
The good news is that we have very likely, very recently, achieved full replacement of the housing stock lost in the 2018 eruption. The bad news is that whoever moved into those houses did not visit The Coconut Cantina enough.
Without publicity, a terrible thing happens: nothing
- P. T. Barnum
Population
[attachment=292]
RE: Coconut Wireless Transmission: Adios Coco Cantina - HereOnThePrimalEdge - 09-04-2024
whoever moved into those houses did not visit
It does seem by the traffic on Hwy 130 that the population in lower Puna has recovered.
I wonder how disposable income and vacation rentals compare between homes lost in the lava, and homes newly rebuilt?
RE: Coconut Wireless Transmission: Adios Coco Cantina - Punatang - 09-04-2024
disposable income
This is what reventure.app has for median household income (US census).
[attachment=293]
Disposable is another story.
Point of interest: In 96749 the numbers are $54,094 & $81,429 which is probably the result of all of the cockfighting profits.
RE: Coconut Wireless Transmission: Adios Coco Cantina - Obie - 09-04-2024
"jungalows, huts, hooches, tree houses, yurts, vans, school buses, tents, Quonset huts, air-crete temples"
These folks don't often spend a huge amount of money at the local establishments.
What was lost was a pretty good number of high end vacation rentals plus the tourist traffic headed down to the Red Road.
RE: Coconut Wireless Transmission: Adios Coco Cantina - Punatang - 09-04-2024
Kohala Coffee Company is in Puna Kai. They opened about the same time as Coconut Cantina and they have a thriving business. They promote heavily.
RE: Coconut Wireless Transmission: Adios Coco Cantina - randomq - 09-04-2024
I don't enjoy Kohala's coffee, but that caramel chocolate brownie is da bomb!
Too bad about Coco Cantina. Even more secret than their lunch specials is that you can buy a big bag of fresh chips and salsa for $2.
RE: Coconut Wireless Transmission: Adios Coco Cantina - Chas - 09-06-2024
Again, I ask. Anyone willing to share what was included in the lunch special?