Eastern Road Larder, South Melbourne fails and company behind the venture winds up
A tiny wine bar and deli at the base of a South Melbourne apartment block failed to fire and closed after just 12 months of trade. SEARCH OUR FULL LIST OF VICTORIAN BUSINESS INSOLVENCIES.
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Locals had high hopes for Eastern Road Larder.
The tiny eatery was equal parts cafe, deli and wine bar and seemed the perfect fit for the neighbourhood.
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It also had an experienced hand at the helm in Renton Carlyle-Taylor – part owner of The Alps, Toorak Cellars, The Hills and Milton Wine Shop.
Eastern Road Larder served coffee in the morning with house made and selected breakfast treats though to deli sandwiches at lunch.
The day finished with grower-produced wine and cheese.
But with just 18 chairs the business struggled to turn a profit.
It ceased trading in November 2019 and its parent company Eastern Road Cellars was placed into liquidation.
Andrew Mattinson of Jirsch Sutherland was appointed liquidator on July 6.
In a July 20 letter to potential creditors, Mr Mattinson said a report detailing the company’s assets and liabilities, the likelihood of creditors receiving a dividend and possible recovery actions would be completed in three months.
A creditors meeting would not be held due to the ongoing coronavirus restrictions.
The letter also explained that the company was “unable to generate sufficient revenue to cover its operating expenses, in essence due to the limited capacity of patronage seating”.
“Despite changing the business model and offerings and a further injection of working capital by the director’s related company, profitability was not able to be improved,” the letter states.
The business has since changed ownership and now trades as Wood’s Yard.
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