A Gold Coast store in a well-known hardware franchise has been shut down and hammered into voluntary administration.
Administrator Glenn O’Kearney of GT Advisory was appointed to Miels Family Holdings,
the company behind Total Tools Biggera Waters, on Thursday.
The distinctive red Total Tools store traded amid a cluster of hardware stores including Sydney Tools and Bunnings along busy Brisbane Rd.
The store has been listed on Google as “permanently closed” and it no longer appears on the national website for Total Tools.
Miels Family Holdings is solely directed by Helensvale man Craig Miels, 57, who is joint shareholder with Jane Miels, whose registered address is a different home at Helensvale.
The company previously also operated Total Tools Coomera, but that franchise has been trading through an unrelated company since September.
Total Tools wasn’t the Miels’ first foray into franchising, they launched the first McDonald’s store in the western Queensland town of Moranbah, and ran a Gloria Jeans coffee shop in Atherton before that.
The company behind the Gloria Jeans store, Craig Miels Enterprises, went into voluntary liquidation owing $540,000 to 36 creditors in 2011.
The pair told media in 2012 they had met while…