Cake Shop Temporarily Saved; Needs Another $50,000

Posted on: May 3rd, 2012 at 6:18 am by

Some angels came to the rescue of Cake Shop at 152 Ludlow, donating the $10,000 needed to stay afloat. Temporarily, at least. The fundraising was simply a Band-Aid for a much larger issue.

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Photo Credit: Arancia Project

Grub St reported yesterday that the intimate Lower East Side cafe-slash-venue must rustle up a whopping $50,000 by June 20 in order to survive.  Co-owner Nick Bodor was quoted as saying that this exhorbitant sum stems from a combination of legal fees, fines, and the landlord’s passing on the tax burden. Costs are spiking as well, especially since they now need ropes and security out front at all times. Meaning you “now you have to be 21 to buy a piece of cake.”

Bodor is now looking to sell off, ahem, a piece of Cake Shop, attracting would-be buyers with goals of international expansion.

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