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.
Coca-Cola Amatil has confirmed it will be pressing on with its $100 million redevelopment of SPC Ardmona.
Beautiful weather greeted Tungamah residents for the 18th running of the Tungamah Lions Ten Thousand on Sunday.
When Keith and Marion Grumley and their growing family moved to Tatura on January 18, 1968, little did they know that it would be the start of a long and lasting connection to the town.
A snake was spotted this afternoon.
Rochester Rotary Club has celebrated its 50th birthday in style.
Sorting future of Campaspe pools
A theatre production with a difference is coming to Seymour.
Local athletes will go head-to-head with some of the best competitors from around the world in swimming and athletics in December.
District residents and visitors will be able to enjoy some of the region’s most beautiful private gardens on Sunday.
The 116th annual Cobram Show went off with a bang at the weekend, drawing in crowds from far and wide for two days of fun.
Tomorrow is a Total Fire Ban day in Deniliquin, meaning no fires can be lit in the open and all fire permits are suspended.
Fifty new full-time jobs will be created at Tatura with a multimillion-dollar expansion of the abattoirs expected to be announced today.
Remembering Australian political giant Gough Whitlam who once called on Benalla police to stop then Treasurer Frank Crean on his journey up the Hume to phone the PM.
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