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.
The Cosgrove community banded together on the weekend to help a local family by harvesting a wheat crop.
Mulwala’s own motor racing sensation Steve ‘Harro’ Harrison has won the 2014 Victorian Super Tin Tops Championship.
St Augustines College, Kyabram, has won the inaugural School’s Sustainability Cup for 2014, beating several Melbourne schools.
Families and diehard supporters are behind the AFL’s decision to freeze ticket prices in season 2015.
Four people, including a father and his two children, were fined more than $18,000 for their role in an alcohol-fuelled brawl at a Lockington party earlier this year which ended in a teenager beaten up and forced into a dog cage.
New faces for Girgarre FNC
A time to include late loved ones in the spirit of the season.
Firefighters were able to save a Finley property's buildings after a large stack of hay bales went up in flames on Monday.
Eppalock Primary School has gone global.
Fire brigade celebrates 80th anniversary and three CFA life memberships among other service awards.
Forest tour only way to understand impact.
Fodder depots have been set up in Euroa and Thoona for farmers hit by the recent fires.
The rail tracks are in such disrepear V/Line is having to close the buffet car between Euroa and Seymour due to health and safety concerns to hospitality staff.
Discover unbelievable local deals from local businesses every week in the Goulburn and Murray Valley area with Leapon.com.au!
Search properties for sale or rent across North Central Victoria and Southern NSW. Visit your local website for local homes....
Search for published and unpublished photos from McPherson Media Group newspapers and magazines. All our photos are available to purchase.
Place an advertisement in any one of McPherson Media Group's local newspapers.