Quantcast

Echo Park “cycling lifestyle” shop comes to the end of the road

Photo by Karine Scott

Echo Park  — Banker Supply is closing its bike and cycling apparel and accessories shop less than two years after it opened the bright and shiny showroom in one of the neighborhood’s most prominent corner locations.

“It breaks my heart to have to say this, but this is our final month in Echo Park,” Nick Drombosky, founder of the Pittsburgh-based cycle shop, said on the company’s Facebook page. “Due to a series of unfortunate circumstances, we have been left with little choice but to close the store in the coming weeks.”

He declined to provide any additional details beyond what was posted on Facebook.

The store at the corner of Echo Park Avenue and Sunset Boulevard went up for lease at the end of March at an asking rent of more than $7,800 a month, according to LoopNet.

Drombosky’s focus had been appealing to a wide range of riders – not just racers speeding around in Spandex shorts. It was an approach that had proven attractive to women, who accounted for 70% of sales.

The company announced a closing sale through May 25.

Support The Eastsider!

Talk is Cheap, Gathering News is Not

Join the Reader Sponsors whose financial support helps defray the cost of news gathering and storytelling that keep our neighborhoods informed and connected.



10 comments

  1. As a biker and Echo Park resident, it’s kinda sad to see them go, but this doesn’t surprise me. Venice might have benefitted from a luxury bike shop, but we didn’t need this.

    Revenge Fantasy Cycles is great and more established, then we have the shop on Riverside and Fletcher and another affordable shop on Beverly.

    This is a prime corner spot, I hope the next iteration is something the community can actually enjoy and benefit from, but $8k/month…

  2. Totally agreed with the comment above – can’t say I’m surprised to see this place not last a long time. A bike shop for the community would’ve been nice, but this place just felt like a boutique first, with a bike shop as an afterthought.

    So many empty storefronts in Echo Park. The rent for retail space seems prohibitively high for anything but established chain stores. What’s going on with the former A Grocery space? Former LG Market space? Former Whisperer space? etc. etc.

  3. Agreed with the other posters. I was excited about a bike store, because I still miss Echo Park Cycles which closed years ago. Went in there when it first opened to buy a light, and I had haven’t been back since. While the people there were nice, everything was way too expensive. Felt like it belonged on Melrose, not in Echo Park.

  4. As a cyclist, there was much anticipation with the opening of Bankers Supply in our neighborhood. We went in on opening day. I bought a t-shirt for $45 because I wanted to support them but quickly realized that they were being exclusionary with their market. There was a snide posted sign about how they didn’t cater to riders who wear lycra. Comparing this attitude to à bloc in Highland Park, Golden Saddle Cyclery in Silver Lake and The Cub House in San Marino where ALL types of cyclists are welcome, I never bothered to return. These bike stores reach out through social media regularly offering social rides and work hard to foster a sense of community. Inclusion is usually a more successful business model than the one Bankers Supply was based on.

  5. iheartechopark

    On the plus side, at least Revenge Fantasy is still humming along. Great little bike shop and totally has that local community feel..

    https://www.yelp.com/biz/revenge-fantasy-cycles-los-angeles

  6. On the other hand….

    I found the staff to be very helpful, with a tiny repair/adjustment,
    and I’m sorry a group of nice staff are losing their jobs.

    To you guys who worked at Banker, thanks for being cool
    and best wishes to you all.

  7. I went in to get a paint job on an old frame I had sitting. I just needed it to be painted one color. Nothing fancy.the guy said it would easily cost over$100.00, I went home and painted it with somecans I bought from home depot for around $20.00. The skinny bro at the front desk was a total snob. See ya later gator. Glad they’re gone.

    • Nobikes, I have zero affiliation with this shop, but I do know that a proper paint job for a bike frame is well over $100. Quite a bit of labor is involved, stripping, priming, painting plus materials. You want cheap, either powder coat or hit with a rattlecan like you did.

  8. Nancy Hernandez

    They open at Beverly and union now

Leave a Reply to James Cancel reply

Please keep your comments civil and on topic and refrain from personal attacks. The moderator reserves the right to edit or delete any comments. The Eastsider's Terms of Use and Privacy Policy apply to comments submitted by readers. Required fields are marked *

*