A Wash Park corner lost its fifth restaurant in seven years.
Telegraph Neighborhood Bistro and Bar has closed, citing the growing competition in the Denver restaurant industry.
“There is a restaurant bubble in Denver and it’s popping – so many options for you to choose from – which is great for you but hard for your neighborhood dining spots,” wrote owners Chris and Carissa Sargent on Telegraph’s Facebook page this week. The note also was posted on its front door.
The closure was first reported by Eater Denver.
Carissa Sargent said the number of restaurant jobs in Denver has made it more difficult to find good staff for front- and back-of-house positions. The wages for those positions also are rising, she said, with hourly pay for cooks increasing $3 to $7 since the Sargents opened their first restaurant in 2014.
“It’s just a constant revolving door of staff,” she said. “The pros just stopped outweighing the cons.”
The Sargents opened Telegraph at 295 S. Pennsylvania St. in 2015, after Grey Cactus Cocina y Bar closed. Grey Cactus closed in April 2015 after not paying taxes and rent, according to The Denver Post. The restaurant is about 2,100 square feet.
At the time of the Grey Cactus closure, the Post said the Wash Park spot on the corner of South Pennsylvania Street and East Alameda Avenue had been home to four other restaurants since 2010. In March 2016, 5280 Magazine had the location on its list of unlucky restaurant spots in Denver.
The Sargents still own their first restaurant, Brazen, which opened in the Highlands in September 2014. Both Telegraph and Brazen had similar hours with dinner served daily, and brunch options on Saturday and Sunday.
The pair also had planned on opening another restaurant, Kindred, at West 41st Avenue and Tejon Street in Sunnyside. They announced plans for Kindred in March 2015, but the project was delayed after the couple found the space for Telegraph.
The Sargents had been working with Brian Wilson, a chef who came from Rioja, on the project, but instead he became the Telegraph chef. He Telegraph in summer 2016, according to Eater.
Carissa Sargent said the pair decided to hold their plans on Kindred permanently when they sensed that Denver’s restaurant bubble was close to bursting.
“We actually pulled out after seeing the over-saturation of the restaurant scene in Denver,” she said. “Telegraph was a casualty of it, but that’s okay because Brazen is still going strong.”