After more than a decade in Liberty Village, local sandwich shop It'z A Wrap, is closing for good.

Despite efforts from residents, who started a Gofundme to help the business on Jefferson Avenue cover its rent, It'z A Wrap has announced that it's shutting down permanently. 

The little restaurant, which first opened in 2008, has been temporarily closed since March 16. 

According to owner Julio Calle, they've been locked out of the property for owing more than three months of rent. 

"[The landlord] wanted for us to apply for the $40,000 loan from the government when it was announced but like many in the restaurant industry we chose not to get in debt," said Calle. 

"Also it took too long for the government to make any difference in our situation and for many other restaurant owners." 

Calle says he would feel devastated about leaving Liberty Village, especially given the relationship he's formed with the Marlies, Argos, TFC, and Toronto's Wolfpack rugby team, which has its store right next door, but the property has already been put up for sale.

Still, residents didn't give up on the sandwich shop. 

After lamenting about the potential loss of It'z A Wrap on the Liberty Village Residents Association group, a regular named Greg Oikle, who has been frequenting the store for over six years, decided to launch a fundraiser. 

The Gofundme campaign, which aimed to raise $15,000, would cover approximately three to four months of the business' rent. By Wednesday evening, they had raised just over $1,000. 

But as of Thursday morning, all the money is slated to be refunded back to those who donated. According to Oikle, the shop's owners have said that It'z A Wrap will not be reopening.

"It was a good effort, but it's just too far gone," he said. Another one bites the dust.