The report said considerable expenditure was required to set the businesses up with fixtures and fittings. The company then faced issues with obtaining a liquor licence for one of its bars due to the conduct of the bar that previously operated from the same site.
SugarWoods bar was situated where The Establishment bar used to be before Ubiaga bought it from Andrew Gibson.
The Establishment was once said to be one of the highest-risk licensed premises in the city, according to authorities reviewing a liquor licence renewal in 2021 – which was ultimately denied. That application had been made by the previous owner, Gibson.
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A statement of financial affairs for SugarWoods prepared by the liquidators showed…
