One of Los Angeles’s most unique bar and grill spots, Beetle House LA, is facing an imminent closure. The popular Tim Burton-themed bar and restaurant, which opened in 2017, revealed its financial woes in an Instagram post. Management is currently exploring options to navigate this crisis. If all efforts fall short, the restaurant may close by the end of July.
Highlights
- Beetle House LA revealed serious financial strain is risking ongoing operations.
- The restaurant is facing impending closure by the end of July.
- The team is making every possible effort to sustain the business to avoid shutdown.
Beetle House LA Updates on Impending Shutdown Rumors
Last week, Beetle House LA addressed ongoing rumors of closing on Instagram. The popular restaurant, known for its Halloween-themed atmosphere, was opened in 2017 by Zach Neil. Currently, the team is navigating a financial crisis that has put the restaurant’s survival at risk.
“Where we’re at: We’re facing some really hard decisions. Whether we close, or move, or take one last shot to save this place… we don’t know yet,” the post read.
In a long, heartfelt message, the restaurant publicly revealed a detailed description of its financial woes. The management said that it is an uncertain period for them as they are unsure of their way forward. Amid pandemic-related setbacks, investor backing out, theft, LA fires, and the immigration crisis, they completely drained their finances.
They tried borrowing during the pandemic and pushed through hardships. The note made it clear that sharing the truth felt embarrassing and heartbreaking. In conclusion, the team said that the restaurant will continue to exhaust every possible option to survive. If the efforts eventually fall short, the establishment will close its doors after July.
Critical Financial Hurdles
A series of factors led to the dire situation the restaurant faces at present. Beetle House LA had to shut down for a year through the worst of the pandemic. The restaurant was short of $500,000 after an investor backed out. To make matters worse, a manager at the facility stole $60,000 and absconded.
In addition to the L.A. wildfires, the recent regional immigration slowdown hurt staffing and tourism.
As a restaurant that combines a bar, a nightclub, a dinner theater, and a spooky immersive experience, its operating costs naturally increase. The restaurant needs $50,000 per week to cover its expenses, which are primarily driven by a monthly rent of $40,000 and weekly payroll costs of over $30,000.
Community Reaction and Support Initiatives
Located on Hollywood Boulevard, the venue has faced multiple challenges that have led to fundraising efforts. In addition to fundraising, the facility is also considering seeking private investors for assistance and even relocating if it proves helpful.
There was an outpouring of support from customers who reacted to and commented on the post. Several users expressed sadness about the restaurant’s ordeal, while others offered words of encouragement, lauding its courageous efforts.
Many loyal patrons in the community went the extra mile by launching a fundraising campaign to help save the place.
Beetle House LA is undoubtedly facing a major challenge as it fights for its existence. The restaurant’s situation is another reminder of the struggles faced by restaurant owners, particularly post-pandemic. The restaurant expressed gratitude for its customers’ support, even if it must close after 8 years in business. The New York location will continue serving as usual.
