Beatnix Coffeehouse Closing: Waco, TX

As taken straight from the official Beatnix Myspace blog.
Beatnix Coffee House to Close Saturday
7/23/2008 / Waco, Texas
This Saturday, July 26th, will be the final day that Beatnix Coffee
House opens its doors to the public. A “Closing Bash” will be held,
featuring performances by local musicians.Beatnix’s owner announced on Wednesday the closing of the coffee house
and cultural venue at 1826 Lake Shore Drive, due to poor economic
conditions and lack of capital for expansion.Opened in 2005 by Penney Simpson, Todd Millerd, and Sandra Hapenney,
Beatnix quickly became known not only for its gourmet coffee and
sandwiches, but as a haven for poetry, art, and music. It was awarded
the Music Association of Central Texas’ Groovy Award for Non-Club Venue
of the Year in both 2007 and 2008.Simpson said “Beatnix has been my dream, and I had so many plans for it,
ways that it could be a gathering place and creative spark for Waco’s
culture. But it had to move and grow in order to survive, and our
attempts to find investors or purchasers for the business have all
proved to be dead ends.”Beatnix Coffee House will be open for normal business through Saturday.
On Saturday evening, it will hold a final “Closing Bash” at 6 pm, with
local musicians performing on stage for the last time.
Lack of capital for expansion? Was the business failing, or has it just been stagnant too long?
In any case, nobody ever likes to hear of a shop closing. As a coffee professional, I can’t help but be curious as to why it happens. Each case is different, and it’s often, though not always, due to failing financially. (or being marooned by the city *coughtpanthercitycough*)

What good is a Groovy Award if it can’t save your business? It must be defective!
Thanks to Badger for the tip.
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