The Conservative Cave
Current Events => Economics => Topic started by: bijou on January 29, 2010, 04:39:30 AM
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Eleven months after it went "anti-profit", Muddy Waters coffeeshop on SE Belmont says it will have to close its doors unless it can raise $10,000 by the end of the week.
Four co-owners/baristas took over the shop last February (more on that here), aiming to turn the sofa-laden cafe into a community center run on an "anti-profit" model that would pour any income other than their own four salaries back into good causes. In the last year, the cafe's calendar has been packed with open mic nights, movie nights and open jam sessions.
But things haven't gone according to the financial plan. Co-owner Sarah Dread says the cafe owners have been working for free since opening last February, supporting themselves with second jobs. "For the last few months, we've gotten to the point where we're losing money every day we're open. Business has been slowly declining," says Dread. The cafe has failed to claim 501(c)3 non-profit status as it originally planned. ...
link (http://blogtown.portlandmercury.com/BlogtownPDX/archives/2010/01/05/muddy-waters-cafe-needs-10000-to-stay-open)
Take a look at the comments too for additional from locals.
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You know what this is :sosad: - it's the worlds smallest violin playing the worlds saddest song. Just for them.
Morons.
I hope they learn from this.
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For the life of me, I just can't understand why they had to go out of business?
I know, it wasn't properly funded.....maybe they should tax the rich more....OH! thay just did that.
Some of the commenters remain clueless....... :rotf: :rotf: :rotf:
And as one commenter stated, "They must have gone to HAA-vard.".... :rotf:
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The comments are a hoot... :-)
yea, that was the ONLY coffeshop in Portland where free loading hippies hung out like they owned the place! oh, wait- they DO! Oh, my, goodness. WHAT a predicament. I would really like to add that the statement "working for free" is a flat out lie, in case anyone cares. They all had their bills PAID for each month by the profits the store made, and got TIPS to boot- for smokes and booze etc. Their kindhearted naive VOLUNTEERS, however, DID work for ONLY TIPS, UNINSURED, and taken utter advantage of. There are vagrant, thieving hippies LIVING in the shop, eating away the merchandise. The term "second job" is also a loosely used term. But i will refrain from even going there. Fundraisers they have had go to pay the co-owners bills, because they cannot grasp the idea of a professionally run, for-profit, legally occuring business. If a homeless refuge is what they wanted, they could have just done that, without the circle jerk title:"community anti-profit coffeehouse".
Posted by slupe on January 5, 2010 at 10:09 PM
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Muddy Waters says it will now be open 24/7 until Sunday and, as of Wednesday night, they've raised $1,800.
Which means, at that time, they had 72 hours to raise $8200. This is an ex-hippie hangout! And FWIW, any Starbucks can get $2K in sales in 2 days. Sheesh!
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Morons.
I hope they learn from this.
I hope you wouldn't bet on that?
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The comments are a hoot... :-)
and they never filed as a non-profit. Meaning they probably owe some major taxes.
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has this been posted at FR??
I'm going that direction
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It was on Jan 5.
lol
http://www.freerepublic.com/focus/f-news/2439887/posts
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(http://images.icanhascheezburger.com/completestore/2008/8/11/roflmao128629864358935877.jpg)
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They should call DingleBarry for some of that bailout money.
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I don't think this is the one, but wasn't there a coffee shop of cafe, leftist of course, whose owners decided they would run it by only asking for what people could afford to pay? I'm sure that worked out as well as this one, or the no-damn-dime day.
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I don't think this is the one, but wasn't there a coffee shop of cafe, leftist of course, whose owners decided they would run it by only asking for what people could afford to pay? I'm sure that worked out as well as this one, or the no-damn-dime day.
Yes and there was a Rainbow Cafe that did it and Rush talked about it and got them all sorts of attention. lol
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yea, that was the ONLY coffeshop in Portland where free loading hippies hung out like they owned the place! oh, wait- they DO! Oh, my, goodness. WHAT a predicament. I would really like to add that the statement "working for free" is a flat out lie, in case anyone cares. They all had their bills PAID for each month by the profits the store made, and got TIPS to boot- for smokes and booze etc. Their kindhearted naive VOLUNTEERS, however, DID work for ONLY TIPS, UNINSURED, and taken utter advantage of. There are vagrant, thieving hippies LIVING in the shop, eating away the merchandise. The term "second job" is also a loosely used term. But i will refrain from even going there. Fundraisers they have had go to pay the co-owners bills, because they cannot grasp the idea of a professionally run, for-profit, legally occuring business. If a homeless refuge is what they wanted, they could have just done that, without the circle jerk title:"community anti-profit coffeehouse".
:lmao: