Inside view of Madmegs & Co restaurant at Noosaville
News by Glen Norris
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Subscriber only Liquidators have been appointed to a popular Noosaville restaurant run by local chef Emmett Malone after the eatery failed to survive the COVID-19 shutdown. Revive Financial partner Jarvis Archer was appointed liquidator of Madmegs & Co on Christmas Eve, joining a growing list of restaurants shutting their doors due to the pandemic. The eatery, which opened in 2016, specialised in pizza and pasta dishes and was run by Mr Malone, the former chef at Sirocco Noosa, along with fellow director Damir Mikletic. Mr Archer said the directors of the business had advised him that the eatery was unable to recover after COVID-19 decimated the restaurant trade.
Despite its financial difficulties, the directors had continued trading while looking to sell the business. However, the recent Gympie Terrace flooding due to the heavy rains caused the business to close for a day or two. Due to unsuccessful efforts to sell the business, and given the temporary closure, the directors made the decision not to reopen and appoint a liquidator. Madmegs and Co closed down on December 11 after financial challenges due to COVID-19 and a flooding event. Mr Archer said the business had a small number of staff, all who were paid their entitlements prior to liquidation. Mr Malone and Damir Mikletic were the directors of the business.