Exeter's Bike Shed Theatre to closepublished at 10:04 Greenwich Mean Time 23 January 2018
A popular independent Devon theatre is set to close following a fall in profits.
The Bike Shed Theatre in Exeter opened in 2009 and funded by Arts Council England and profits from the conjoined bar.
However, a statement from co-founder David Lockwood said "our bar is not turning over the vast profits it needs to keep the theatre at a high standard".
"With a very heavy heart and after a lot of attempts to find a way to keep on going, we've decided to close up."
The final performance will be on 31 March.
Work will continue at the company's sister project, The Boat Shed.