Posted on 01/28/2010 10:14:06 PM PST by tlb
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.
Though Dread says Muddy Waters' landlords have been very accommodating, the building owners as well as the cafe co-owners have reached a breaking point. "It's been a long time coming. We're almost always out of at least some things because we can't afford to buy it," says Dread. The cafe is hosting fundraiser events daily through Sunday at the shop (2908 SE Belmont), including a pancake brunch this Saturday at 11 am.
Update 1/7: Muddy Waters says it will now be open 24/7 until Sunday and, as of Wednesday night, they've raised $1,800.
Lolololololololololololo!
Dumb-A$$es!
Lolololololololol!
Dumb-A$$es!
So in this cafe, how do I pay for my coffee...with “Hope and Change” dollars?
BUMP for later ..... Oh ... I’ve got to comment on this when I wake up in the morning!!!!!
Sounds like they are more than qualified to work for Fannie Mae or Freddie Mac, hell they could run the FED they couldn’t do worse than those in there now!
I live in Portland. I’m going to go there tomorrow to check this place out. I won’t spend a dime, but I want to see what their schtick is all about.
this is not satire? hahaha... this is so funny...
Wear your best lib-hippie outfit.
If this is the place I think it is, you pay what you think whatever is worth. Libs are cheapskates.
LMAO. Are they for real?
Obama stash! Obama ought to send it a million or two and save a few jobs.
A non profit where we the owners make a “Salary” that we choose and the rest goes to select charities, causes, etc...
I’ll bet most if not all of these folks went to college.
Should have set their sights on becoming tenured, do nothing professors.
I was actually considering talking to one of the “owners” about me purchasing their shop and then running it as a “for-profit” business. I have no intention of buying the place, but I’m curious to see what answers I would get.
THESE are most likely the VERY people who voted for the NEW taxes on the “rich” in Meas 66 & 67 on Tuesday.....they won’t survive for SURE now!
Stupid Commies. Anyone can give crap away for free. But to prosper you have to offer something of value. If people value it, they will pay for it. Stupid Commies do-gooders didn’t do a thing but accrue debt for someone else to pay - like the landlords.
Start another thread if possible. I’m also curious to what answers you will receive.
They seem to think profit just oozes out of businesses and they can be taxed ever more and more. These little Maoists sure got a rude awakening about real life in business. I knew when I read about them starting up that this was just a matter of time.
Nam Vet
Hahahahahahahahaha! Obama, Obama, Obama, Mmmm, Mmmmm, Mmmmm!
Another Commie experiment bites the dust. Will they ever learn?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.