People will wonder why some restaurants can make it through this pandemic when others cant, well as far as @stoddardspub goes this is why we had to close:
We derived close to 40% of our revenues from the Downtown Crossing theaters and shows, those are non existent. We generated 40% of our revenue from the everyday workers in the office buildings near by, those were closed, then let to reopen at 25% capacity and now upwards of 50%
but the area is still desolate! After work and special events drove the remaining traffic of which we have NONE! We have no out door space or parking lots to set up outdoor dining options as we are located on a street with the sliver line bus that runs daily. Our landlord would
not negotiate with us for better terms. We tried to get creative but to no avail it did not work out. Now we have to buy ourselves out of our remaining 2 year lease, our largest asset which is our liquor license is worth less than half its value 6 months ago, any money we retain
from that license sale will go directly to buy out our remaining lease terms. If and when we sell the remaining infrastructure such as our amazing bar from the UK we will have lost our entire investment! 8+ years of business gone! So many memories shared with the city of Boston
simply disappear! Thank you to all our staff and the hard work put in by Jamie Walsh from day one! We would not be what we are with Jamie and his work effort. Thank you Boston and all of you who supported us, it was a journey well versed in true Boston history! We will be back
somehow someway. Maybe not in this form and or location, but one thing is for sure we don't give up on our friends and or our business for too long! Another day dawns. With love and gratitude, Ace 🙏
People ask why didnt you take PPP money and stay open. Because it didnt make sense still to even try and do so. We would have had to ask our workers to come back and get off unemployment for the hopes we could help them earn maybe half of what they were getting staying home
You can follow @Ace6one7.
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