They have lacked consistency since they took over. Crazy closing times, i.e. They close when the staff on duty feel like closing, even if there are still people sat at the bar well before 10pm; the owner rarely makes an appearance; the staff act like kids and there doesn't appear to be a manager; the owner wanted to socially cleanse the place by getting rid of the locals but shot himself in the foot as those people were the main source of their income...I could go on but I think these are plenty of reasons why it didn't succeed.
Apparently they have found new tenants so it will hopefully remain open without a big break inbetween. Let's hope the people that it take over know what they're doing and actually give a toss about the place.
It needs a deep, deep clean and new bogs too.