Another Mad Butcher store shuts up shop

Thursday, 19 October 2017

Mad Butcher Point Chevalier is up for sale.

Another Mad Butcher store has been put in receivership after the owner died.

Point Chevalier Mad Butcher in Auckland was solely owned by Carl Drever, who died in March.

His son Aaron Drever took over the business, but he was unable to transfer his father's shares into his name and decided to put the store in receivership.

Waterstone Insolvency receiver Damien Grant said when he entered the store, there was very little stock left.

* Former Mad Butcher store placed in liquidation facing high costs and low margins**

Aaron Drever was stripped of his real estate agent licence last year on charges of misconduct or unsatisfactory conduct.

Grant decided to close the doors and send the eight staff home.

Grant said the business was for sale and interested buyers could contact him.

About 10 Mad Butcher stores have struck financial difficulties in the past two years.

The Mad Butcher franchise is owned by listed company Veritas Investments.

Veritas sold the former Nosh supermarket chain in February, and reported a $4.6 million loss in the 2016 financial year.

Veritas has been approached for comment.