Edge coffee shop pushed over the brink by price hikes

Edge coffee shop pushed over the brink by price hikes

A Co Down coffee shop has closed, with the owners saying “the financial crisis after Covid has made things impossible”.

Edge Coffee in Holywood took to social media to thank its customers for the last three years that the café has been open in the town, but also hinted that the business could reopen in a different future format.

The team said they are currently on the hunt for a “smaller more manageable unit” as bills such as electricity had quadrupled since opening three years ago.

In an Instagram post, the Edge Coffee owners posted: “The time has come to announce Edge Coffee, in its current format is closing at 98-100 High Street, Holywood.

“Three years ago we opened on the brink of a pandemic, sharing part of a flower shop and we integrated ourselves into Holywood like we’d always been there – we feel like we owe you an explanation.

“We have had a blast, welcomed customers from all over, partied, had comedy shows, handed out over 300 free school meals, sponsored local sports, collected toys and cash for chosen charities, made lifelong friends with customers and staff – all while offering a coffee and food service. But sometimes that isn’t enough.”

“The fact is, the financial crisis after Covid has made things impossible for us here in this huge unit on High St.

“Not only did we cut our menu and staff completely due to ingredients from our wholesalers now costing up to 100% more than what they did 3 years ago, electric has quadrupled (but we should be thankful for the commercial “discount” we get) and our rent since taking on the entire space is an eye-watering figure, and at threat of being raised – and we are tired.

“Our decision is to move from 98-100 High Street Holywood to a smaller more manageable unit, ASAP.”

In October Belfast independent coffee chain Clements confirmed the permanent closure of three of its outlets, while the owners of the Grand Central Bar in Derry – which dates back 100 years – said they are “absolutely gutted” to announce its closure as a result of rising costs and stress.