Morgan Street Meltdown: Hadley's Is for Sale After Less Than Four Months in Business | Food
Food
INDY Week's food blog

Archives | RSS

Wednesday, June 22, 2016

Morgan Street Meltdown: Hadley's Is for Sale After Less Than Four Months in Business

Posted by on Wed, Jun 22, 2016 at 3:38 PM

click to enlarge hadleys.jpg
Easy come, easy go?

In January, longtime downtown Raleigh restaurant and bar The Borough shocked regulars with the news that it would close in early February after a decade as a Morgan Street hotspot. Owner Liz Masnik yielded the space to Hadley’s, a sandwich shop and cocktail spot. For Hadley’s, the turnaround time was a quick one, with soft openings even before March could begin. And now, less than four months later, Hadley’s—restaurant, bar, business, and all—is for sale for $120,000.

“The fact that Kevin and I bought The Borough and shut it down made a lot of people mad,” Hadley’s co-owner Drew Schenck says. “People loved The Borough. They loved Liz. And they hated us.”

In fact, Schenck says, one of the bar’s most crowded nights came when Masnik served as the guest bartender at Hadley's for a fundraiser meant to fight House Bill 2. The Borough long served as one of downtown Raleigh’s LGBTQ hubs, and the atmosphere at Hadley’s was admittedly different.

This potential sale is a bit unusual: Schenck and fellow co-owner Kevin Barrett are looking for someone to buy the business in the next two weeks, as they prepare their next venture, Dram & Draught, for an opening of its own on Hillsborough Street. (That bar currently has an active Kickstarter campaign … to buy more whiskey.) If no one steps forward to buy it, Barrett says, Schenck will continue to toy with the concept until he finds a formula that hopefully works.

Indeed, the first four months at Hadley’s have been restless. After its mix of classic cocktails and hearty sandwiches flatlined from the start, Hadley’s became a martini bar that invited food trucks to commandeer its kitchen on weekends and sell to its customers. Schenck says that idea has worked some but that business still isn’t where they need it to be.

“We’re getting ready to open Dram & Draught, and we need to put Hadley’s behind us now,” he says. “And we already have started to, because we now have some people interested.”

Hadley's is for sale through, of course, Craigslist.

Tags: , , , ,

Pin It

Comments (8)

Showing 1-8 of 8

Add a comment

 
Subscribe to this thread:
Showing 1-8 of 8

Add a comment

INDY Week publishes all kinds of comments, but we don't publish everything.

  • Comments that are not contributing to the conversation will be removed.
  • Comments that include ad hominem attacks will also be removed.
  • Please do not copy and paste the full text of a press release.

Permitted HTML:
  • To create paragraphs in your comment, type <p> at the start of a paragraph and </p> at the end of each paragraph.
  • To create bold text, type <b>bolded text</b> (please note the closing tag, </b>).
  • To create italicized text, type <i>italicized text</i> (please note the closing tag, </i>).
  • Proper web addresses will automatically become links.

Latest in Food



Twitter Activity

Most Recent Comments

Great, friendly place where you can relax and talk to all kinds of folks that come in. Try it, you …

by Joe Sadler on Raleigh's New The Blind BARbour Opens Friday Night (Food)

I noticed a couple of stores in Raleigh still sell the Golden Ale. Can you tell me all the stores …

by Jimesha on Bye Bye, Triangle Brewing Company, Which Is Closing Its Doors After Nearly a Decade (Food)

Hey ZZ, stop trolling. Allie wasn't commissioned for this pic -- she was eating lunch at this restaurant & took …

by Charlie Reece on Korean Fried Chicken and More at Durham's M Kokko by Chef Michael Lee (Food)

Sounds great....but the picture here by Allie Mullin, WTH?!?!!?
Why is the empty spot on the plate facing forward? …

by ZZ on Korean Fried Chicken and More at Durham's M Kokko by Chef Michael Lee (Food)

311 Holland St, Durham, NC 27701

by w3bshark on Korean Fried Chicken and More at Durham's M Kokko by Chef Michael Lee (Food)

Comments

Great, friendly place where you can relax and talk to all kinds of folks that come in. Try it, you …

by Joe Sadler on Raleigh's New The Blind BARbour Opens Friday Night (Food)

I noticed a couple of stores in Raleigh still sell the Golden Ale. Can you tell me all the stores …

by Jimesha on Bye Bye, Triangle Brewing Company, Which Is Closing Its Doors After Nearly a Decade (Food)

Most Read

No recently-read stories.

Visit the archives…

© 2017 Indy Week • 201 W. Main St., Suite 101, Durham, NC 27701 • phone 919-286-1972 • fax 919-286-4274
RSS Feeds | Powered by Foundation