|Woodinville Tully’s closes its doors for good|
|Written by Don Mann|
|Monday, 15 October 2012 13:16|
On Friday morning at Woodinville’s Tully’s it was business as usual: two dozen regular patrons sipping various forms of coffee beverages, some with laptops, some with iPads, some just engaging in quiet conversation with friends as a gas fire flickered in the fireplace and a steady stream of cars swung around the roundabout.
But that will happen no longer, as the popular coffee shop closed its doors for good as of 6 p.m. Sunday.
A sheet of paper taped to the front door said the following: “Dear Friends of Tully’s, Tully’s has made a business decision to close our Hollywood Hill location. The decision to close a location is never an easy one and was arrived at after evaluating a number of factors. We want you to know that your contribution to Tully’s success was and is appreciated.”
In a press release last Wednesday the company, TC Global, Inc., announced it was filing “for reorganization” under the protection of Chapter 11 of the federal bankruptcy law.
“After careful consideration, our Board of Directors and Leadership Team believe the restructuring … is a necessary step and the right thing to do for the future of the company,” said Scott Pearson, president and CEO of TC Global, Inc. “Before making this difficult decision, we retained the highly regarded firm, Deloitte Corporate Restructuring Group, to provide third-party assessment of our situation and confirm that this was the best course of action for us to take.”
In addition to filing Chapter 11, the company plans to close a number of unprofitable stores in the near future. Rising commodity prices and challenging lease economics, they say, have contributed to this decision.
The manager at Woodinville’s Tully’s said she was prohibited to talk to the media.
One of the baristas, however, said no employee would be put out of a job as long as they were willing to relocate. She could not accurately say how many employees there were. “More than 10, less than 20.”
She also was overheard telling a customer the decision to close the doors at Hollywood Hill was all about the lease.
“I know how much we take in every day and I just learned how much the rent is, so I completely understand.”
She said her guess was that a winery would eventually step forward “because this is a primo location.”