The sale of Benalla and Mansfield Toyota is drawing closer, after the business went into receivership in November.MONIQUE FREER January 29, 2014 11:51am
The sale of Benalla and Mansfield Toyota remains in the balance as details and conditions are finalised with the highest tender.
Hedge and Associates Pty Ltd manager Des Stirling said the business was working with the highest tender to finalise the sale.
‘‘We’ve got three condition precedents that have to be met and until those are met —and there’s no guarantee those three can be met by the highest bidder who we’re currently working with — we can’t assume that they’ll be the buyer,’’ Mr Stirling said.
Benalla and Mansfield Toyota went into receivership on November 18, and Peter Hedge was appointed as receiver and manager.
His colleague Mr Stirling said the staff had been advised who offered the highest tender.
‘‘We have advised the staff who the highest bidder is but they also know that that could all fall over and we could be having to deal with the second or third-highest bidder,’’ he said.
Mr Stirling told the Ensign earlier this month the business would retain all its staff, and would remain a Toyota franchise.
‘‘The only way they can continue the business is as a Toyota franchise with locations both in Mansfield and Benalla,’’ Mr Stirling said.
‘‘Under the contract all staff will be employed under their current terms and conditions.’’
Up to 20 staff are employed at the Benalla and Mansfield Toyota dealerships.
Former dealer principal Travis Mullavey purchased the two Toyota dealerships in 2010, relocating from Warrnambool.
The businesses sponsored several local sporting clubs and community groups in both towns.
Benalla Toyota was the naming rights sponsor for the Benalla Toyota Benalla Gold Cup, and was a major sponsor at Benalla Saints and Benalla All Blacks football netball clubs.
Budding Kyabram actor Taylor Smith Morvell is one of 20 Victorian students chosen to perform his Year 12 theatre studies monologue in Melbourne next week.
The Yarrawonga and District Cemetery Trust has been awarded a $50,000 grant from the Department of Health to undertake development work at the Yarrawonga cemetery.
Members of Murchison Book Club are hosting a literary lunch with Vivien Achia, author of Marrying Italian — When Love is Not Enough.
This year's Southern 80 ski race has reaped an estimated $36.2 million for the district economy.
Rochester and Elmore District Health Service has increased its radiology services from two to four days a week.
Tongala family hopes for transplant call for six-year-old.
Family of former Seymour man killed in a road crash in Los Angeles before Christmas set up a Melbourne University scholarship in his honour.
Tocumwal's Don Elgin is aiming to compete at the 2014 Commonwealth Games in Scotland
Leitchville-Gunbower at home was too strong for Heathcote’s senior footballers in their first Good Friday clash.
Huge crowds turned out for Cobram Barooga's River Beaches Festival, which featured a special splash for 2000 rubber ducks.
South West Arts ArtOut will be held again in 2015 after last weekend's inaugural success.
Some of Australia’s greatest horses and just a few racetrack characters have appeared at the Benalla Racing Club’s grounds in its 150-year history.
Benalla's Kevin Harper will be honoured in the motorcade lap of honour at Melbourne Cricket Ground tomorrow for his service during the Korean War.
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