Six String Brewing Company has gone into voluntary administration after operating for 13 years and 18 months since moving to a larger premises in Erina on the New South Wales Central Coast. Henry McKenna from Vincents has been appointed the administrator.
Vincents will assume responsibility for day-to-day administration and will work alongside director and co-founder, Chris Benson, and key stakeholders to assess opportunities to strengthen the business and determine the best path forward.
Benson said their intention was to work with the administrator, continue operating as usual, and “emerge stronger on the other side”.
In a statement, Benson said, “While there is naturally some uncertainty ahead, Six String remains optimistic about the future. We believe strongly in what has been built over the past 13 years and the role Six String continues to play within the Central Coast community.
“The business enters this process with a purpose-built brewery, a unique venue, loyal customers, strong supplier relationships and a passionate team behind it. Our focus now is on stabilising the business, strengthening its foundations and creating a more sustainable platform for the future.”
Six String moved to a larger premises for the brewery and venue 18 months ago.
“For more than 13 years, Six String Brewing Company has poured everything we have into building the business. Growing from a passion for beer into a brewery, hospitality venue, live music destination and business that has employed local people, supported local suppliers and become part of the Central Coast community.
“Over the past few years, the business made a significant investment in its future through the move to a larger facility, expanded brewing capacity and the creation of new opportunities across hospitality, events, tourism and contract brewing. During this period, Six String continued to grow sales despite a broader decline across the craft beer market.
“We have, however, not been immune to rising costs, increasing excise, inflationary pressures and cost-of-living challenges and, like many businesses across the brewing and hospitality industries, we've felt the impact of the current economic climate,” Benson said.
Six String has a core offering of five beers and changing range of seasonal and limited edition beers.
