The Closure of Machete: A Shift in Denver's Culinary Landscape
After a decade of serving up delectable margaritas and tacos at Machete Tequila + Tacos, owner John Wallrath is set to close the vibrant eatery located at 3570 E. Colfax Ave. in Denver. The last drinks will be poured on Saturday, marking the end of an era for both Wallrath and the local community. While many patrons reminisce about the cherished outdoor patio and the lively atmosphere, the closure reveals the stark reality facing small businesses amid evolving urban dynamics.
Challenges on Colfax: The Impact of Urban Development
The decision to shutter Machete stemmed from multiple factors, primarily linked to the impending construction of a bus rapid transit line down Colfax, which has reshaped the corridor. With a lease expiration aligning with heavy construction activities, Wallrath articulated, “There’s just no upside right now.” As the streets were transformed, the perception of accessibility among potential customers diminished, leading to a staggering 70% drop in business over recent years after initial spikes in revenue during 2022 and 2023.
Historical Context: Machete's Journey
Opening in 2016 alongside co-founder Dan Ohlson, Machete quickly became a beloved destination for both locals and concert-goers alike, thriving in its early years with annual growth rates reaching 10%. The outdoor patio, popular during events, played a significant role in establishing its reputation. However, as the pandemic struck and construction advanced, the lively atmosphere faded, ultimately impacting profitability.
Looking Ahead: What’s Next for Machete's Family
While Machete's Colfax location will close, hopes remain for the future. Wallrath continues to operate two other successful locations in Cherry Creek and Union Station, ensuring that the brand is far from disappearing. He emphasized their commitment not just to the business but to supporting their staff and exploring potential opportunities for new outposts in Denver.
Supporting Affected Businesses: The City’s Relief Efforts
The closure of Machete serves as a reminder of the challenges small businesses face during large-scale urban development. In response, the City of Denver has initiated the Business Impact Opportunity (BIO) Fund, providing grants to assist businesses affected by construction projects. This program aims to alleviate some of the immediate burdens and foster a supportive environment for those impacted during transitions.
As the final margaritas are enjoyed, Wallrath and his team reflect on a decade of memories, navigating the ebbs and flows of entrepreneurship in Denver's evolving landscape. Their story is a testament to the resilience of local businesses and the importance of community support amid the changing tides of urban life.
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