Sample Brewing enters administration – Australian Brews News
Melbourne-based contract brewing operation Sample Brewing is being offered for sale after the business called in administrators on Tuesday.
Administration of the brewing business, which launched in 2014, was taken over by Shane Cremin of insolvency firm Rodgers Reid on Tuesday.
Cremin told Brews News that the business continues to trade with plans to offer the business for sale as a going concern. Expressions of Interest are currently open and due to close next Friday.
Sample is understood to have debts of approximately $300,000 with founder and director Vedad Huric the largest creditor. The business currently has annual revenues of $2.6 million and is understood to be selling in excess of 500,000 litres per year.
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Read the full article at: https://www.brewsnews.com.au/2019/05/16/sample-brewing-enters-administration/