According to recent reporting in OBJ, as Downtown Credo North Quarter will close its 885 N. Orange Ave. coffee shop at the end of August, it has begun feeling out a potential new spot.
“The landlord sent us a notice of non-renewal back in February, just months after I finalized the purchase. They were willing to extend our lease at what they deemed market rate, but that would have pushed our rent from under $2,500 a month to nearly $10,000. It wasn’t feasible for us,” owner, operator and Director of Coffee Nathan Fields told OBJ.
OBJ adds that despite the setback, Fields and Credo show undeniable signs of growth: “The company saw a strong performance from December through mid-March, tripling its year-over-year revenue after introducing a food program, said Fields. The menu, entirely plant-based, features breakfast items served all day, including toast, sandwiches, wraps and bowls. “
“Because of the food, my growth percentages are off the charts,” Fields said.
In a brief call with What Now Orlando, Mr. Fields confirmed Credo’s search for a new location but did not have any new detail to add.
