Popular Toronto game bar aims to raise $100K to avoid closing
A local Toronto bar is struggling to stay afloat amid the COVID-19 pandemic and is trying to raise $100,000 to remain in business.
Power Up bar, 38 Wellington Street East, has experienced a significant financial strain during the pandemic, including the need for necessary repairs and higher insurance on the lot.
Throughout the lockdowns and reopenings, Power Up bar shares via GoFund Me, that although they were doing the best they could with take-out ordering, pickups, pop-ups, and CafeTO in the summer, the ever-looming cloud that rained over the establishment caused financial insecurity and uncertainty for what’s to come in the future.
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“In December, we had a large part of our ceiling collapse due to an upstairs neighbour being negligent, and repairs have been slow going with restrictions. The insurance has also gone up by 80%, specifically because it’s a restaurant,” read the post on GoFund Me.
“With the bills piling up and not being able to operate, it’s not looking good for this one-of-a-kind place. Running through reserves and not getting assistance from programs promising to help small businesses.”
The bar has been able to raise over $9,000 at the time of writing.
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“All funds raised will be used to cover ongoing expenses which have been difficult
to pay, being closed for 8 total months. The funds will be used to help the bar
through the uncertain times ahead,” read the post.
Power Up bar joins the many Toronto restaurants and bars that have struggled through the uncertainty of maintaining a business at this time.
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