"We've had an amazing time but we're going to close (for now)!"
"Our revenue just hasn't kept pace with the rising costs and our very high rent increases (we would have had to do 300 percent more revenue to justify our rent)."
"We have 60 seats in a 3,500-square-foot space, so it's a great place to come and hang out with your friends."
"He attributed Pleasanton's changing demographic, higher insurance rates, outside costs and a trend of less people drinking or socializing as a 'perfect storm' of reasons for why he's shutting down his business."
The Middle 8 in downtown Pleasanton will close on Sunday, Jan. 11. Revenue failed to keep pace with rising costs and rent that would have required roughly 300 percent more revenue to justify. The business hopes to quickly move to a new location but provided no additional details. The venue opened about five years ago with a horseshoe-shaped bar, retro furniture, signature cocktails, a rear speakeasy called The Back Beat, and a $100,000 speaker system. The space offered 60 seats in a 3,500-square-foot footprint and prioritized neighborhood mingling. Closure reasons include changing demographics, higher insurance rates, outside costs, and fewer people drinking or socializing, described as a 'perfect storm.' Public reaction included sad responses and disbelief.
Read at The Mercury News
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