Silver Sprocket, a beloved comics shop and indie publisher in San Francisco’s Mission District, will close its Valencia Street storefront after mounting financial losses.

“I’m saddened to announce that Silver Sprocket’s San Francisco storefront’s last day of operation will be this Monday, March 23rd,” owner and publisher Avi Ehrlich wrote in an Instagram post over the weekend.

For nearly a decade, the shop at 1018 Valencia St. has served as more than a bookstore, functioning as a gallery, event space and creative hub for independent cartoonists and zine-makers. Known for championing artist-owned, experimental and politically engaged work, it became a gathering place for the Bay Area’s DIY comics community.

Ehrlich said the store had been struggling financially for years, despite efforts to stay afloat.

“The unfortunate reality is that even with the positive response to our membership drive, difficult staff cuts, and every other action we could think of, the store continues to lose money each month,” he wrote. “To offset the drop in sales over the past three years, I have been supporting the store by taking on personal debt.”

He said the shop was generally breaking even until 2023, when a combination of declining foot traffic, fewer tourists, rising costs and broader economic uncertainty began to take a heavier toll on businesses along Valencia Street.

The closure comes abruptly for staff. Ehrlich said two managers, along with a pair of part-time employees, are now looking for work.

Even as the storefront shuts down, Silver Sprocket’s publishing arm will continue. The company recently secured a new distribution partnership with Publishers Group West/Ingram and plans to resume releasing books this summer after a pause earlier this year.

Ehrlich said the publishing side also faced setbacks when its previous distributor closed a California warehouse, forcing the company to relocate more than 100 pallets of inventory — a move he said cost more than $45,000.

Still, he expressed hope that Silver Sprocket will remain part of the local arts scene through pop-ups and collaborations.

“Please swing by, we’d love to see you at 1018 Valencia one more time,” he wrote.