High business rates have led to a coffee house in Bury St Edmunds shutting down after 18 months in operation.
Hatters Coffee House, in Hatter Street, has had to close its doors and owners are blaming business rates for the closure. However, the company’s thriving sandwich bar and delivery service is continuing next door.
The closure notice says: “Hatters Coffee House is now closed for business. Sadly it has fallen victim to the ‘high’ business rates that a small business just cannot sustain.
“It was a pleasure to provide a service to you. With so many great comments and feedback we’ve received it is sad to be closing the doors but at least we tried. Takeaway buffet service and delivery round continues as usual.”
The closure follows two others in recent weeks – Cafe Waffle, in The Butter Market and Nino’s, in Abbeygate Street.
Our Bury St Edmunds chief executive Mark Cordell said: “Although the town is doing very well it doesn’t help when landlords are looking to put up rents.
“At the start of the recession nationals were struggling but independent businesses are now still facing very challenging times and this is a worrying trend. There needs to be a change to this archaic system of rate setting.”