We've always been unconventionally transparent and honest with this blog's readers. Even so were a bit nervous about how to approach some upcoming decisions regarding the shop and whether we should talk about it publicly.
At the risk of having the our intended message completely misconstrued and alienating a portion of our customer base, we've decided to just plow ahead and be ourselves. So here goes...
We signed a six year lease on this space in September, 2004. That lease is expiring in a few weeks.
To be perfectly honest, we have given serious consideration to just walking away and moving.
But we're not.
However, we do believe that the current format of Aldo Coffee Co. has reached its peak. And maybe even passed its peak. We've stopped growing. The number of daily customers dropping by has leveled off - and on some days, and particularly afternoons, decreased. While we understand the economy is part of the problem, we believe that the main culprits are our location, and our own compromises of important visions and ideals in order to fit community expectations.
We know we're going to hear comments like, "Location? You're right in the middle of our biggest business district on the street with the highest traffic in Mt. Lebanon. How could you want more?"
To which we say, take a look around. Lots of businesses have up and left. Others aren't doing very well. Some storefronts have been vacant for months. It's not a panacea here, nor is foot traffic very strong - perhaps 1/10th of Squirrel Hill or Shadyside or Oakland. But the rent doesn't reflect that - it's still a premium rate (not the fault of our wonderful landlord who's simply charging market rate).
The store is profitable and has been for a couple of years now. But in addition to providing Melanie and I with basic living expenses, it now has to start returning money we sunk into it the first three years, which was a pretty good chunk of our entire retirement savings.
At the end of the day, we're businesspeople and this is a business. If it's not sustainable, it's time to leave. Or to change.
Change is good.
In making any decision as to continue, we have to look at cold hard facts and not just our emotional attachments or naive hopes that suddenly everything will fall into place. We have to make things happen.
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