Another DB shop closing down due to high rent
- Written by arounddb, 20 December 2015
Amity Shoes Care at the DB Plaza is closing down after 24 years of dedicated service to our community!
Talking to Lawrence, the shop owner, he claims that his business has been losing money for the past three years and he cannot continue doing business under these circumstances. The main reason mentioned is the rental increase.
His contract was a yearly contract and over 10% was added to his rent every year. As he explains, this was too much for a small business to survive and strive. "It is rumoured that Fusion wants to take over this space."
Let's see if this comes to pass in the New Year.