Business Profile

Triple S Brewing Co

  • 318 E Colorado Ave Colorado Springs CO 80903

The downtown craft brewery and restaurant closed Aug. 26, about a month shy of its two-year anniversary at 318 E. Colorado Ave., owner Steve Stowell said in an email.

“At the 14-month mark, the increase in minimum wage caused a 14 percent increase in my biggest expense (with 3 more years of increases) and … at the 15-month mark, I became surrounded on three complete sides by construction, which slowly decreased my revenue,” he said. “That’s exactly the opposite of what a brand new business needs. I couldn’t sustain that combo. I’m not sure, but I might be the first casualty of the minimum wage hike.”

- The Gazette (link)