Small bookstore to shut down because San Francisco hiked minimum wage to $15 per hour

By Jason Russell

Published February 3, 2015 5:41pm ET

Small bookstore to shut down because San Francisco hiked minimum wage to $15 per hour — Alan Beatts, owner of Borderlands Books, is photographed at his store in San Francisco, Tuesday, Sept. 26, 2006. Beatts decided to carve out a niche by specializing in science fiction and horror books. (AP File Photo/Jeff Chiu) | JEFF CHIU

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.