Borderlands Books, an 18 year-old independent bookstore in San Francisco, announced Sunday it will be closing its doors due to the city raising the minimum wage to $15 per hour.

“Although all of us at Borderlands support the concept of a living wage in principal and we believe that it’s possible that the new law will be good for San Francisco — Borderlands Books as it exists is not a financially viable business if subject to that minimum wage,” the announcement read.