After 101-years, California business shutting down on Aug 31; owner shares note
Hank & Frank Bicycles, a 101-year-old Bay Area institution, is closing its doors on August 31. The owner, Frank Dryer, has chosen to retire rather than relocate after the property was sold to new owners planning a dance studio.
Why it matters
The closure highlights the challenges faced by legacy small businesses in high-cost real estate markets.
After more than 101 years in business, a Bay Area institution is closing up shop. The century-old fixture of the Bay Area cycling community will permanently close its doors at the end of the month, marking the end of an era for one of the region's oldest bike retailers. Hank & Frank Bicycles, which first opened in 1925, announced that its final day of business will be August 31.The shop began operations on East 14th Street in Oakland before relocating several times, eventually establishing its permanent home in Lafayette, where it has operated for the past 52 years. The business changed hands 57 years ago when Dale Dryer took over from original founder Hank.
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