, a longtime staple in Five Points, will not be reopening."Twelve years is a long time. It’s a long time for a business, especially for going from some of the things we’ve gone through in the Five Points neighborhood," says Ryan Cobbins, who opened the cafe at 710 East 26th Avenue in November 2010..
In deciding to permanently close Coffee at the Point, Cobbins points to minimum wage increases as an issue that has led to rising costs for the business."For example, the minimum wage when we opened up in 2010 was a little over $7 an hour. On January 1, the minimum wage jumped to $17.29," Cobbins explains.passed a citywide minimum wage ordinance in 2019, which began taking effect in 2020.
"As nice as we are as an organization — and this is a challenge all of our entrepreneurs are facing — it becomes a challenge to get more things that a small business needs to get done," Cobbins says. "Matthew Burkett and the lawsuit piece, that hurts. But it doesn’t hurt financially as much as it hurts, in essence, in losing a friend," Cobbins says."I’ve got no ill will toward him. I wish him the best."
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