Ryan Cobbins opened the shop at the Five Points intersection in 2010.
Another longtime business in Five Points has permanently closed.
Coffee at the Point, which has served the Five Points community for 12 years, is officially closed, Westword first reported.
Ryan Cobbins opened the shop at the Five Points intersection in 2010. During its time in operation, the establishment won numerous awards and became a community hub in a rapidly gentrifying neighborhood.
In August, Cobbins temporarily closed the shop citing inflation, labor costs and staffing issues. He also said the closure was due to the ongoing legal battle between him and The Flyfisher Group. A GoFundMe was started in September to help the business reopen and it raised about $13,000.
Cobbins announced in early November that he planned to reopen the shop, but those plans never came to fruition.
Cobbins cited labor costs, such as the increase in minimum wage, and inflation as reasons for the closure, along with the Flyfisher lawsuit, as reasons for the closure.
Westword previously reported that Cobbins and Flyfisher’s Matthew Burkett entered into an agreement where Burkett would have an ownership stake in Coffee at the Point and Cobbins would help run Flyfisher’s hospitality division.
The relationship between the two turned sour and Burkett is currently suing Cobbins for a breach in contract.
Cobbins told news outlets that he requested settlement terms from Burkett several times and recently received an answer which, to Cobbin, wasn’t suitable.
Neither Cobbins nor Burkett immediately responded to Denverite’s requests for comment.
