Peggy's nightclub on Douglas promenade will close this autumn.
The announcement was made on social media last night.
Owners say they want to leave in their "prime with heads held high".
The popular Douglas venue, which started as a pop-up in 2018, will close on 2 October.
It is the second bar in the Isle of Man to close this month.
On 9 August Bar Logo in Ramsey announced it was shutting with immediate effect after being hard-hit by the pandemic.
Number of post offices to temporarily close for a day
A number of post offices will be closed for a day over the next few weeks.
Minister says she can't provide update on NSC floor tiles
The minister of the Department of Education, Sport and Culture says she can't provide any update on ongoing attempts to fix the NSC floor tiles.
Afternoon ferry is next to be cancelled by weather
The Steam Packet says its 2.15pm crossing from Heysham to Douglas will no longer be going ahead this Sunday, April 5.
Difficult to compare Island's Hospice funding with UK, says minister
The Health Minister says comparisons between government funding of hospices here and abroad must be made with caution.
Mountain Road to close because of gales
The Department of Infrastructure says it'll soon be closing the Mountain Road because of high winds.
New amber warning issued for tonight's storm
Ronaldsway Met Office has upgraded tonight's weather warning from yellow to amber.
Police appeal over theft of building materials
Police in the West are appealing for information about stolen buildings materials.
One of capital's oldest buildings may become housing
One of the oldest buildings in Douglas could become residential accommodation, according to an estate agent.
