Carbondale restaurant may close without new investors | PostIndependent.com

Carbondale restaurant may close without new investors

John Stroudjstroud@postindependent.comPost IndependentGlenwood Springs, CO Colorado

CARBONDALE, Colorado One of the newer additions to Carbondales restaurant row, ella, will closed by May 3 unless new investors can be found to keep the business going.Ian and Jessie Kipp, who operate ella restaurant, said Wednesday that they were notified earlier this week that their investors will end financial commitment to the business at that time.The building where the restaurant is located, at 348 Main St., is owned by the same investors. It has been on the market since February of 2008.Our current investors will be truncating their relationship with ella restaurant effectively closing our doors unless outside investment can be obtained, a press release from the Kipps explained.We are greatly disappointed by this unfortunate prospect; however, we are proud of the exceptional business that we have been able to create in a scant year and a half, they said.The Kipps opened the restaurant in November 2007, naming it after their young daughter.Ian Kipp said the disappointing news comes at a time when the restaurant was actually doing well, despite an uncertain economy.Business has been good, even for a very new business, he said. Theres still a fair amount of investment that needs to take place, but its been a very good year and a half of operation.However, their investors financial situation will not allow them to continue to provide support for the business, he said.Weve got all our feelers out, he said. We do hope to find someone in this very short time who would be interested in investing in the business.In the meantime, Kipp said it was only fair to the restaurants 28 employees to let them know whats up.We wanted to get the story straight, he said.We are most concerned for the well-being of our employees (who) have shown a dedication to excellence far greater than we have seen elsewhere in our professional careers, he and Jessie stated in their press release. Their commitment has been a huge part of the success of ella restaurant, and we want nothing more than to continue to work with the amazing team we have built.They noted that one selling point is that the owners are willing to part with both the real estate and the business; and for a price that makes certain the appreciation of the property will support and provide financial backing for the business as it expands and realizes future profits.Any inquiries regarding the sale of the business should be directed to Broker Rick Griffin of Joshua & Co., at (970) 379-5800, or by e-mail at rick@rickgriffin.net. The restaurant is currently closed for lunchtime during the off season, but dinner is served daily, plus a bar menu is available from 4 p.m. and Sunday brunch starts at 9 a.m.Contact John Stroud: 384-9160jstroud@postindependent.com


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