Famous Melbourne cake shop for sale after business collapse

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Failed expansion dreams compounded by the coronavirus lockdown have left the famous Hopetoun Tea Rooms drowning in debt.

Melbourne institution the Hopetoun Tea Rooms is for sale in a last ditch bid to save the famous cake store after it collapsed into administration earlier this month.

Administrators Peter Gountzos and Michael Carrafa, of SV Partners, were appointed on May 8 to Finetea Pty Ltd, which trades as Hopetoun Tea Rooms, and the business was put on the market last week. Creditors are owed just over $3 million, with major creditors including the Block Arcade, law firm Tisher Liner, the Australian Tax Office and the Commonwealth Bank.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

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شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

I will never understand why businesses such as this run with such a large constant debt hanging over its head. Is this normal?

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