Cake Shop Again on the Verge of Collapse, Seeks Investors to Keep the Venue Alive

Posted on: January 8th, 2015 at 4:50 am by
This image has been archived or removed.

Cake Shop is now celebrating a decade at 152 Ludlow Street. But its outlook appears rather bleak. Two-and-a-half years after a successful crowdfunding drive that led to a new ten-year lease (via Pledgemusic), the Lower East Side venue is still struggling. In an update to fans on Facebook, ownership divulged that “we are really feeling the pressure of keeping our doors open.” Apparently the crew is again falling behind on rent and other bills, and can only “hold on for a few more weeks, but that’s about it without a significant partner.”

Which is where you come in…

Cake Shop is seeking investors ASAP. Below is the full announcement.

Cake Shop Running on Empty, Needs an Investor ASAP:

Hello Everybody,

Cake Shop has been bringing the best emerging bands to New York City for 10 years in our beloved home on Ludlow Street. With the recent closing of our friends Glasslands, Death By Audio, 285 Kent and the Living Room, we feel it is our mission to keep the New York tradition of well-curated live rock music going strong.

However, we are really feeling the pressure of keeping our doors open. We know there is so much more we could do to make more money, and finally have a little breathing room to grow: but it always comes down to capital and cash flow. People who know us, realize how passionate we are, and how hard we work to keep Cake Shop open. Andy books all the great bands 7 days a week (that is roughly 1460 bands a year for your viewing/listening pleasure). In addition, he is the creative director, and works the venue door on a regular basis. Nick does all the daily business, ordering, hiring, bill payment, etc, and he works behind the bar in the venue to make sure all the wonderful talent and customers are taken care of properly.

The last two years have been a well-documented struggle. If it wasn’t for the amazing patrons and bands who supported us through crowd funding site, we would have closed in 2012. Now we are starting to fall behind in rent and other bills as we enter the slow 1st Quarter of cold winter months.

We are not looking for a handout, but we need a like-minded investor to come in and buy 25% to 40% of Cake Shop. Now is your chance to be a part of a special NYC venue/bar/cafe/record store, and save a well-curated stage for talented emerging artist (which include comedians and authors). In addition to increasing sales, we have always wanted to grow Cake Shop into other areas of music discovery, but all these things take money.

We would use the investment money to directly increase revenue so we can be a viable, profitable long term business with growth potential. In addition to catching up with our bills and consolidating back debt, we would use the investment capital to renovate our tired space a bit, we also need to develop our daytime and late night business (which should include some more food options) as we are open from 9AM to 4AM seven days a week. We know our web-site is horrible, and we always wanted to develop more of a portal for the emerging talent we discover. We really would like to sell a line of t-shirts from up & coming designers and artists we love. Cape Shok Records was always meant to be an incubator for hand picked artists; to put out vinyl records that the bands could sell on tour, or do split 7 inches with good souls in other global cities. We would love to book a Cake Shop Stage at music festivals. Heck, we could even start baking our own cakes! If we are able to come out of this, we would also love to open Cake Shops in other cities like LA or Glasgow.

We are optimistic, but we need your help to spread the word. Please help get this info out there to as many people as possible. And we would really appreciate it if you passed on the email below to anyone you think might be in a position to invest in Cake Shop. We can hold on for a few more weeks, but that’s about it without a significant partner.

For more info and quick response for serious investors/partners (minimum investment 150k) please e-mail:

Tell us how you think Cake Shop should increase revenue and grow with our new partner:

Love you all, you are the best,
Cake Shop

Recent Stories

Tough Slog for ABC No Rio and its Passive House on Rivington Street

The redevelopment of ABC No Rio into an environmentally friendly passive house is again dogged by delays. In an appeal for donations on Giving Tuesday this month, ABC No Rio director Steve Englander provided an update on status of the new development. Another setback; this time it’s the necessary redesign of the foundation and plans […]

International Center of Photography Readies January Reopening at Essex Crossing with Ginormous Photo Display

Another big-box occupant at Essex Crossing goes live in just a few weeks. In January 2020, the International Center of Photography will unveil its “new, fully integrated” facility at 242 Broome Street. A ginormous, three-story photograph is currently hanging in the windows facing Essex Street as teaser ahead of launch. Shot by school alum Rochelle Brock, […]

Services Now Offered to Chinatown Seniors at Confucius Plaza

A new retirement community program is headed to Confucius Plaza on the Bowery. Earlier this week, Councilwoman Margaret Chin joined Confucius Plaza Management, Hamilton-Madison House staff, and local seniors at the 44-year-old complex to unveil the new Naturally Occurring Retirement Community (NORC) entity. The facility is aptly named The Joy Peace Center, and offers social […]

At 60% Occupancy, 196 Orchard Taps LES Gallerist for Revolving Lobby Art

The synergy between high-end condos and galleries is on full display at Ben Shaoul’s Lower East Side condoplex. It is here, in the lobby of 196 Orchard Street, that local gallerist Lesley Heller has been tapped to curate a revolving placement of art. The residency began this week. Heller – who runs her eponymous showroom […]

Sunshine Cinema Office Development Hit with Stop-Work Order over Excavation

The city halted construction on the commercial office development set to replace the former Sunshine Cinema. Just before the Thanksgiving holiday, Department of Buildings deployed inspectors to the project site and subsequently issued a full stop-work order due to excavation activities. Public records show that “foundation work with excavators” caused “structural cracks” in both the […]