BOUL­DER CLOSES BEER SHOP’S TAB

The Denver Post - - BUSINESS - By Shay Cas­tle

World of Beer’s evic­tion from its Pearl Street premises over the week­end took many by sur­prise, but news re­ports in­di­cate sev­eral re­cent closings across the coun­try.

The Tampa, Fla.-based chain was evicted by Con­science Bay, which owns the Tenth and Pearl build­ing that en­com­passes 919-951 Pearl St., for $116,163.66 in back rent.

“We were dis­ap­pointed to learn that the fran­chise owner of the World of Beer lo­ca­tion in Boul­der has not met his fi­nan­cial obli­ga­tions with his land­lord,” com­pany of­fi­cials said in a state­ment. “Boul­der has been won­der­ful in em­brac­ing WOB with sales meet­ing site ex­pec­ta­tions.

“We are hope­ful the fran­chisee rec­on­ciles his fi­nan­cial com­mit­ments and will con­tinue to serve the com­mu­nity of Boul­der.”

Records with the Colorado Sec­re­tary of State’s office in­di­cate the lo­ca­tion was owned by fran­chisee Ja­son Rap­pa­port, who has four other fran­chises na­tion­wide.

Rap­pa­port could not be reached for com­ment Mon­day.

At a $15,594.84 monthly lease rate, the sum rep­re­sents more than seven months’ un­paid rent — nearly the en­tire time the restau­rant was in op­er­a­tion.

The lease started in April 2015, and World of Beer opened in May of this year fol­low­ing ex­ten­sive ren­o­va­tions.

“We did try to work with them,” said Con­science Bay pres­i­dent Ben Woolf. “We tried to be as sup­port­ive as we could, but at the end of the day, this is where we are.”

Woolf de­clined fur­ther com­ment on his ten­ant’s strug­gles, but an on­line search re­veals news re­ports and Yelp re­views for 20 shut­tered lo­ca­tions since 2012 — more than a third of the cur­rent 77 stores.

At least 10 of those clo­sures came this year, in­clud­ing the World of Beer in down­town Den­ver at 1555 Blake St., which closed in Fe­bru­ary.

Jeremy Pa­passo, Daily Cam­era

Wayne An­drews reads no­tice on the door of closed World of Beer.

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