After six years of sweet success, retro-candy store Freak Lunchbox is closing its doors in Calgary due to the cost of doing business in the city.
Freak Lunchbox co-owner Jeremy Smith told CBC Calgary that a looming rent hike from the current $9,400 per month to around $10,000 per month means “it just doesn’t make sense anymore to be in Calgary.”
“I can run a store in a city where the real estate is literally a third of the price, sometimes less, but the sales can be the same or better, it just doesn’t make sense anymore to be in Calgary,” CBC quoted Smith as saying.
The Halifax-based candy retailer operates five other stores in Atlantic Canada, including its flagship operation in Halifax N.S., and one each in Bedford, NS, St. John’s, NL, Saint John NB, and Charlottetown, PEI.
The 17th Avenue Freak Lunchbox location in Calgary is currently running a closing out sale – while supplies last.
Bad news: The Freak Lunchbox in Calgary is closing due to rent increase of $10K/month. pic.twitter.com/NN7BynjHb3
— Stoneman (@Fluoroscope) January 5, 2018
— Alberta411 (@Alberta411) January 5, 2018
Found this on Reddit: Another 17th Ave Calgary icon is shutting its doors. @Freak_Lunchbox was told that the rent would be going up by $10,000 per month. They’ll be closing down in February. This totally sucks, It was a good store. pic.twitter.com/IAytBw4ArI
— Devin Clark (@Devin_SAT_Clark) January 5, 2018