Panama Red Coffee Moving Out of Concord And Into Walnut Creek

The Panama Red Coffee Company plans to close its cafe in Concord in December, vacating a commercial retail space that will be converted into a craft beer taproom.

The overhead for doing business at the space was too high, confirmed owner Steve Welty on Wednesday, which inspired the cafe to find a new space in which to conduct business.

“It just didn’t work out the way we wanted it to,” Westly told Patch. “We ran out of gas, ideas, and time,” he said.

He is in the process of signing a lease on a smaller space in Walnut Creek, where he will reinvent his company's brand and discard the Panama Red name. Welty wouldn't say yet where the new Walnut Creek shop will be or what it will be called.