New ownership pulls plug on neighborhood favorite
the closure yesterday, noting telltale signs of trouble – a notice of overdue rent posted on site at 2110-C S. Lamar and alleged bounced paychecks. The closure was confirmed with an end-of-day statement sent to press.
Mike Smith – whose hospitality group Hearth and Counter, co-owned with Chris Ragland, acquired the restaurant at the end of last year, after the pandemic had pummeled business – said the following: “Unfortunately in this business we have to face the reality that not every comeback attempt will be a success. … Between the cavernous financial hole we inherited and other external pressures that we, like other Austin businesses operating in highly desirable commercial spaces are facing, we had to make the difficult decision to cut our losses and cease operations.”“Area eateries are being hit hard right now.
According to the press release, Smith’s “current focus is on setting up payment plans to fulfill financial obligations to employees and other vendors and creditors.”has been Austin’s independent news source for over 40 years, expressing the community’s political and environmental concerns and supporting its active cultural scene. Now more than ever, we need your support to continue supplying Austin with independent, free press.
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