By ALAN BESSERMAN and BILLY O’CONNOR Associated Press A Malibu cafe in California is closing its doors.
But not for a good reason.
The owners are leaving a $6.3 million profit for the first time since 2006.
They’re taking a big pay cut and will have to sell the space and move to a smaller location in the city of San Diego.
But the owners say the change is necessary to save the cafe.
The new owners are not disclosing their identity.
The Malibu Café opened in 2005 and was the first cafe in Malibu.
It’s now owned by two brothers, Tom and Bill B. The cafe had a small cafe and a larger cafe with a small patio.
The B’s say they’ve had to do all of this without the cafe being profitable.
The B’s started the Malibu Cafes Association and started a fundraiser to help cover expenses.
The Malibu Association is a 501(c)(3) nonprofit.
The association’s president, David B. Pinto, says the foundation’s mission is to support and protect the cultural and economic heritage of Malibu, and that includes the Malbecas Cafe.
Pinto says the owners will take a cut of the $6 million profit, but it’s unclear how much of that money will be donated to the Malbucas Cafe Foundation.