Another San Francisco music venue will close after the announcement this week that the addition, formerly the home of Yoshi’s, will close on Jan. 14.

The announcement follows an effort that started last June to rebrand the former Yoshi’s space that failed to take hold and generate enough revenue to keep the venue open.

The management group that operates the venue issued this statement:

The Management Team of Fillmore Live Entertainment Group, LLC (FLEG), which took over and operated Yoshi’s San Francisco from July to October, before converting the name to The Addition, is suspending operations as of Wednesday January 14, 2015. This is due to some financial hardships resulting from reduced revenue since the takeover in July. FLEG is in the process of determining how to address existing liabilities of the business, and will be in touch at the earliest possible time. FLEG is also seeking a potential lead partner to take over operations at the earliest possible time, and continue to present quality headline entertainment, in addition to re-concepting the existing restaurant.  

With few improvements to bookings (see: T-Pain acoustic shows) and the dining program, one has to wonder if the venue and restaurant ever had a chance to survive. Let’s hope a local promotions company with deep pockets can fill the space before it makes way for yet another luxury condo project.

Yoshi’s was once the premier venue for jazz in San Francisco, with a multi-million dollar facility that included a high-end sushi restaurant and some of the best acoustics in the city. However, since it opened in 2007, it has struggled to overcome debt incurred during construction of the facility.

Many of the previous bookings at Yoshi’s can now be found at Yoshi’s Oakland or the SFJAZZ Center in Hayes Valley.

The closure of the Addition follows the closure of Red Devil Lounge on Polk Street (now cocktail bar Harper & Rye), Cafe du Nord (scheduled to reopen as a restaurant this year) and Kimo’s (now Playland bar).