I know it’s old news, and from the Austin Chronicle, no less. And since I’m not a coffee drinker, it’s not the sort of place I’d patronize.
But I did want to ask: How the hell do you lose $1.8 million running a coffee shop in Austin?
Wouldn’t the little lightbulb above your head flicker on after you had already lost about $200,000? “Hey, I’m losing my shirt! I should stop throwing good money after bad and seek another career!”
Either the original owners were very, very stupid, or there’s some sort of money laundering/tax dodge involved…