Sweets Company goes Sour

A bittersweet opportunity has come forward to auction after the iconic dessert bar, Cowch, went into liquidation in July this year, with hundreds of thousands of dollars’ worth of equipment going up for auction.

Cowch had four stores across South-East Queensland that were operational for over 5 years, pioneering and providing a new experience for dessert and chocolate lovers.

The business first went into voluntary administration to attempt a business restructure to save it, which unfortunately was unsuccessful, forcing them into liquidation.

Like many other small businesses, Cowch faced many challenges from the COVID-19 pandemic, floods, and ongoing economic difficulties, and the facilities of the business have now come forward to auction.

“This is a potential business opportunity for anyone thinking of starting, or already running a dessert business that is in need of an upgrade for some new, high-quality gear,” said Mr. Lee Hames, Chief Operations Officer for Lloyds Auctions.

Acting under instructions from Terry van der Velde of SV Partners as the Liquidator of the Cowch Group, the auction will consist of a 4-part series including production facilities and restaurant equipment.   

Some of the items on offer include modular ovens, chocolate tempering machines, pasteurisers, dough mixers, cotton candy machines, waffle makers, fridges, freezers, ice makers, mixers and much more.  

The four online auctions will run across two days, the first auction closing Monday 28th August from 10am.

You can view the first auction here.   

You can view all the auctions here.  

For more information visit www.lloydsauctions.com.au

Matt Kalinski

Head Of Valuations

Qualifications & Affiliations

American Society of Appraisers Candidate Member

Certified Practicing Valuer AVAA


Matt has been in the valuations space for many years and has extensive experience in the space across an abundance of various industries. He now leads the valuations teams for Lloyds Auctions with a passion for encouraging his team to set and achieve high goals and produce great results for the company whilst growing the team’s skills starting with a great culture and team mindset.