Popular West End craft brewery Parched Brewery is looking for new owners after entering voluntary administration due to the ‘extra challenges’ brought by the pandemic.
Read: Quinn Hotels Acquires Archive Beer, Its First Venture in Queensland
When Parched Brewery opened at Montague Road in West End in December 2021, they encountered some trials and difficulties.
They opened during a challenging time for the hospitality industry due to the pandemic. Additionally, within months of the brewery’s opening, the lower level of the venue was submerged underwater during floods.
Despite these trials, the brewery made a name for its high-quality beers that celebrate the unique flavors and ingredients of the region. The brewery’s unique and flavorful beers have earned it a strong reputation in the local craft beer scene.
Besides a selection of beers, they have a range of snacks including burgers, nachos, and bites such as tempura prawns, fries, and spring rolls. They also have vegan and vegetarian options available.
In March 2023, head brewer and owner Carl Hallion thought it’s time to find a new person to run the business.
Bankruptcy and insolvency firm SV Partners will help manage its financial affairs, review contracts, and create a viable plan for moving forward. Mr Hallion is working with SV Partners’ Anne Meagher and David Stimpson as the business continues trading as normal.
Read: California Tacos To Open First Brisbane Location In West End
Potential buyers would have the opportunity to take over an established business with a loyal customer base, a strong brand reputation, and a talented team of brewers and staff. For anyone looking to enter the craft beer industry, this is a unique opportunity to acquire an established business with a loyal following and a reputation for brewing exceptional beer.
Published 6-April-2023