The Cheese Pleaser placed in liquidation
A Brisbane gourmet delicatessen and fromagerie has closed its doors after losing hundreds of thousands of dollars in lost business due to the pandemic shutdown.
QLD Business
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BRISBANE gourmet delicatessen and fromagerie The Cheese Pleaser has closed its doors after falling victim to the COVID-19 shutdown of the CBD.
Jarvis Archer, a partner at Revive Financial, was appointed liquidator of the Adelaide St venue on Friday after the business failed to make it through the pandemic shutdown last year.
Established by Sharyn De Kort and her son Sebastiaan, the business first operated from a stall at the New Farm Markets before moving into permanent digs in the city in 2017.
The store sold a variety of cheeses from around the world and deli items as well as serving coffee and cheese toasties.
It also provided off-site catering for corporate and other events.
Mr Archer said the company owed five creditors a total of $373,174 including a claim of $274,918 for the remaining period of the lease on its premises.
That amount is expected to be reduced if and when a new tenant is found.
The balance is owed to banks and the Australian Taxation Office.
He said government restrictions imposed last March due to the COVID-19 pandemic had caused the cancellation of all corporate and event bookings.
“The director estimates the value of these bookings in the hundreds of thousands,” said Mr Archer.
“Additionally, social distancing restrictions meant it was not longer viable to continue trading at its Adelaide St store.”
He said the business premises, including the store fitout had been handed back to the landlord and the company had nominal assets at the time of the liquidation.