Our final day of trading on Hackney Road will be 28th August 2021. Our online store will be temporarily paused from this date as we move, and will be up and running again while stock lasts.
After many months of reflection during this awful pandemic, it is with a heavy heart I am announcing that Eastern Biological will be closing soon. Our five-year lease will be expiring later this year, and I have made the decision that I will not be seeking to renew it.
Initially positive after the first lockdown, with things seemingly back to ‘normal’, we then had a busy Christmas trading period. However, being forced to shut unexpectedly a few days before Christmas, and then having no substantial income for the next 3+ months – we are still left with overheads, and a hefty VAT bill, which has proved to be a fatal combination.
With no tax relief, government grants have helped only to pay the rent, and we are left with larger than normal outgoings for the foreseeable future. This prevents us from growing and thriving. There unfortunately is no solution or magic potion to take us back to normality quickly, or to help with longer term sustainability.
In 2017, we opened in an already challenging environment on a corner on Hackney Road which was gradually changing, and I was always maintaining a long-term vision for the shop. After spending the last four years establishing the business on the high street, I’m still convinced this is a great place, and for future businesses; however, the pandemic has set the high street back considerably—and the will has all but dissipated to persevere, to try and recover from this.
As we eye the finish line with this pandemic, Eastern Biological has reached its natural conclusion. I am happy with what has been created over the years, and I’d like to thank anyone that has come through these doors and said kind words, and anyone that has been affiliated with us in any way. Thank you for all the support and custom over the years, it will always mean a great deal.
I still very much believe in bricks-and-mortar retail and the uniqueness of the physical experience. A beautiful curated environment, a space with a message, and passionate individualistic shopkeepers—this is what will continue to drive the high street in the future. Support your High Street. Keep reading, keep learning, and keep exploring. And I hope I can stop saying this very soon—stay safe.
Alfred Addis, Owner