So... this has been a pretty crazy rollercoaster ride. If you've been following us for awhile we thought we were going to have to close the store in August, and then we were able to renegotiate our lease to hopefully stay open for good.
During the time when things were in flux and we were pretty sure we were closing our doors, everyone was amazing and we were so appreciative.
Once things calmed down and we announced we were able to stay open after the renegotiation, things hit a wall in the store.
Which makes sense. People had come out to get their fill of books, and they were set for awhile.
So, I was a little nervous, but I thought we could wait it out and get back to normal.
In the meantime we processed 30,000 books to refill the shelves and keep on moving on.
But it never rebounded.
In fact, sales now are 50% of what they were in November of last year.
This is unsustainable to the point where if we don't close the store, we aren't even sure that we will be able to continue to make payroll into 2020.
And I'm unwilling to invest more money into this business. There just isn't a way forward for us.
I don't have any choice but to close down the store for good and close this business.
It is just too much overhead... and while a normal sized bookstore would LOVE to have our revenue, as you've seen, Murphy's is not normal sized.
As you can imagine, this is pretty devastating. It has been my dream to have a proper bookstore, and I love this place.
(NOTE: My father owns the Dollar Bookswap on Webster street and that business is not impacted by me having to close Murphy's. I haven't been a part of the DBS for a couple of years now.)
This is not a decision I make lightly, and I do realize this is going to be a disappointment to many.
But, as many of you know, I have a young daughter and a new bride. It is my obligation to do the best I can to help provide for my family.
While my daughter Sydney and my new bride Ericka both love me and want me to be happy running my bookstore, I feel like going beyond the end of the year here will make me a kind of Don Quixote... tilting at windmills.
As an aside, I'm not looking forward to the conversation I will need to have with my daughter, letting her know that this place we've built will have to go away.
I'm sure there will be plenty of tears, and that they won't all be hers.
It is just not sustainable here, and pretending so will only bring more heartache.
So, while this does represent an ending of sorts, I will still be around and plan on serving you all again in the future.
And in the meantime, between now and then we have to move these books :)
The sale schedule will be as follows:
November 19th-24th is 20% Off Storewide
November 26th-December 1st is 30% Off Storewide
December 3rd-December 8th is 40% Off Storewide
December 10th-15th is 50% off Storewide
December 17th-December 31st will be a bag sale.
If you are a member of our Facebook group or want to join, you can click here. I'll be posting some videos there in the coming days talking about what is next.
More details will be forthcoming. In the meantime if you have any questions send me an email at [email protected]
The First One is on Us :)