Tenders for Sam?s Seafood due Thursday
THE fate of Gladstone's Sam's Seafood Capricorn Coast will soon be known with tenders for its purchase closing on Thursday.
The outlet has been administered by receivers since May 3 this year when its parent company, the publicly listed Sam's Seafood Holdings Limited, in- formed the Australian Stock Exchange that it was unable to meet demands from its principal financier, Rabo Bank, to re- pay all its debts within the given time frame.
Deloitte Touche Tohmatsu partner and receiver John Greig said he had re- ceived plenty of inquiries about the sale but could not state whether the inquiries were from people interested in continu- ing the seafood processing/retail business. "Sam's Seafood Capricorn Coast is op- erating quite well as a store at the mo- ment and we are looking to sell the prop- erty and the business, preferably as a going concern,' he said.
Mr Greig said he did not expect to re- ceive tenders until the final days of the process.
The business and property were un- successfully offered for sale previously with the other Sam's Seafood Holdings Limited assets in Brisbane but this is the first time the business had been offered for sale separately.
Sam's Seafood Capricorn Coast is lo- cated on a 3500sq m site at 22 Chapple Street, Gladstone.