(Photo by Toni Vanderkooi/Facebook)

The cat is officially out of the bag!

One of Victoria’s most popular breakfast staples, Floyd’s Diner, has been spotted preparing to open a new location in Saanich after shutting down its flagship Yates Street branch in January.

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The third branch of the restaurant chain will be setting up shop at the former Olive Grove restaurant location at 4496 W Saanich Rd – a building that has recently received the hot pink exterior wall treatment that is unique to the home of the iconic Mahoney.

According to staff, this newest addition to the Floyd’s family of restaurants will be ready to welcome brunch-goers as early as the second week of April.

The original Floyd’s, which was located on the corner of Quadra and Yates Street, closed on January 2nd after 15 years due to a disagreement on lease terms. Two other branches remain open in James Bay and Langford.

Earlier this year, restaurant chain owner Petr Prusa, told Victoria Buzz that several downtown locations were under consideration for the restaurant.

We have reached out to Prusa for further comments about the decision to move to Saanich.

With files from Emily Fagan.