Cake Shop is Trying Once Again to Find Business Partners
The Ludlow Street music venue, Cake Shop, has struggled to stay afloat in recent years. Those struggles continue. Here’s the pitch that landed in our in-box a short time ago from co-owner Nick Bodor:
Cake Shop on the Lower East Side of Manhattan is looking for partners to buy the upper street-level space. The owners want to find a well-financed, like-minded equity partner to take over the business for the upstairs restaurant/bar. This way, we can survive and keep booking the best bands, comedians and reading series from all over the world in the basement-level venue and bar.
Do you want to create something special and own your own bar? Do you have a food concept that would kill it on Ludlow Street? Now is your chance to be a part of the iconic Lower East Side artistic history. Let’s make it happen!
Us: Cake Shop is an internationally known small music venue, bar and cafe. We want to focus on live music and performances, as we have built up great relationships with thousands of bands since 2005. We are looking forward to concentrating on showcasing our favorite artists, while providing a stage for new talent.
You: A passionate individual, or small group of friends, who are well-funded and have always wanted to own a bar or bring your food concept to the masses. To be clear- the food concept must be realized with an “electric” kitchen, as there will not be any hood fans for gas cooking. This could operate as two separate businesses, or a well-structured partnership with a passion to keep the Lower East Side alive and interesting.
We have 9 years left on our lease. Cake Shop wants to team up to continue to grow with our beloved changing neighborhood.
Let’s get together and talk about it.
HUBB NYC purchased 152 Ludlow St., the building housing Cake Shop, last year for $29 million. The music club was nearly forced to close down in 2012, but loyal fans came to the venue’s rescue through a crowdfunding campaign.