A popular Queensland cafe has been forced to close after its huge debt level was revealed.
Maison du Patissier, which was founded by a French couple in Cooroy before moving to Meridan Plains on the Sunshine Coast, went into liquidation earlier this month.
Documents released by the Australian Securities and Investments Commission (ASIC) show that ACJM Pty Ltd, the company behind the coffee, had at least $258,383 in debts.
The cafe, founded by Eric and Francoise Pernoud, was taken over by new owners Andrew Ackerman and Jade Le Moeligou earlier this year. courier mail reported.
In an online post, company directors said the cafe could not continue after “a very difficult situation” forced them to suddenly close.
“Unfortunately we have to tell you some bad news: we have had to close the store with immediate effect,” the post said.
‘We have found ourselves in a very difficult situation about which we cannot reveal any information, but which has finally forced us to go into liquidation.
‘We would like to thank everyone who has supported the business over the years and apologize to those we have let down.
La Maison du Patissier (pictured) was founded by a French couple in Cooroy before moving to Meridan Plains on the Sunshine Coast.
“We didn’t want it to be like this, but we can’t repair the damage that has been caused.”
The company later shut down its Instagram and Facebook pages.
ASIC documents show the business is valued at just $45,000.
About $20,000 of his debt is owed to priority creditors, including former employees and people who are owed a retirement guarantee.
About $29,442 is owed to the Australian Taxation Office and about $145,044 is owed to Westpac.
Co-founder Mr. Pernoud is also listed as a creditor and is owed about $39,991.
Mr. Ackerman and Ms. Le Moeligou are listed as the current directors of the company.
Clifford Sanderson has been appointed to complete the liquidation of ACJM Pty Ltd.