{"id":806342,"date":"2020-04-13T17:06:50","date_gmt":"2020-04-13T23:06:50","guid":{"rendered":"https:\/\/www.summitdaily.com\/?p=381741"},"modified":"2020-04-13T17:06:50","modified_gmt":"2020-04-13T23:06:50","slug":"new-businesses-are-especially-hard-hit-by-the-shutdown-having-not-yet-recouped-their-initial-investments","status":"publish","type":"post","link":"https:\/\/alwaysmountaintime.com\/ksmt\/local-news\/new-businesses-are-especially-hard-hit-by-the-shutdown-having-not-yet-recouped-their-initial-investments\/","title":{"rendered":"New businesses are especially hard hit by the shutdown, having not yet recouped their initial investments"},"content":{"rendered":"
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Mtn Axe in Breckenridge was open for 77 days before the public health order was issued to close nonessential businesses.<\/strong>
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Editor\u2019s note: In a Facebook post linked from this story, Mtn Axe owner John Cronin said his landlord was about to evict him. He later learned that a notice posted on the door of the business was a demand for compliance notice not an eviction notice.<\/em><\/p>\n

DILLON \u2014 The COVID-19 shutdown has negatively impacted nearly every business in Summit County, leaving some owners to wonder whether they will be able to reopen their doors. However, the financial impact is especially acute for new businesses that had just begun to operate. <\/p>\n

John Cronin, owner of Mtn Axe in Breckenridge, said that in the 77 days the recreation business was open, the brand was growing in success. He said things were looking great from a business perspective at the beginning of March.<\/p>\n

\u201cWe were doing really well in March, and then the shutdown happened,\u201d Cronin said. \u201cWhat really hurt a business like ours is a significant percentage of our business is prebooked with businesses or group parties, things like that. We ended up having to refund a lot of money.\u201d<\/p>\n

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