A popular Jamaica Plain cafe is up for sale after being unprofitable for the past two years.
Ula Cafe and Bakery in the Brewery Complex in Jamaica Plain.
The cafe was opened in 2007 by KorinnKoslofsky and her partner Kate Bancroft. In 2016, Rik Kleinfeldt and Paula Anderson, who were providing the cafe with their New Harvest Coffee Roasters of Pawtucket, RI.
While the cafe never closed during the COVID-19 pandemic, Kleinfeldt and Anderson report in the ad listing that Ula has not been profitable since the end of 2019, after posting $1.15 in revenues that year.
However, revenue has dropped to $860,000 and the two owners are asking $75,000 for the bakery/cafe so they can focus on their two businesses in Rhode Island.
“A neighborhood favorite since 2007 at a great location,” reads the listing. “Lots of free off-street parking and outdoor seating. Never closed during the pandemic and sales stayed strong despite no indoor seating. Primed for growth post-COVID but needs a new website, some internal work and effective management. 2019 revenue was $1,150,000. It has not been profitable the past two years.”
Inventory included in the asking price of the 2,300 square foot commercial space is $5,000 worth of inventory. Jamaica Plain residents were saddened by the loss of one of their favorite cafes according to social media posts. However, many are optimistic the right new owner