Company Overview - The Chubby Baker, founded by Ying Nance in 2020, started as a delivery-only bakery during the COVID-19 pandemic and quickly gained popularity for its unique offerings [3][4] - The business expanded to three physical locations across Utah within a year [4] Closure Announcement - The Chubby Baker will close all locations on November 9, citing rising operational costs and personal reasons as the main factors for the decision [2][5] - Nance expressed the need to prioritize family time over business commitments, indicating a shift in personal priorities [5] Industry Context - The closure of The Chubby Baker reflects broader challenges in the food service industry, where many small businesses are struggling with increased costs for food, labor, and rent, alongside reduced consumer spending [7] - A survey by CB Insights highlights that inadequate financing is the top reason for business failures, with many unable to keep up with competition or changing consumer preferences [2]