Three butcher shops in Warrnambool have been placed into liquidation.
Warrnambool Country Meats at Northpoint Shopping Centre, Warrnambool Country Meats in East Warrnambool and Wings and Things at Gateway Plaza ceased trading on the weekend.
Nathan Deppeler from Worrells was appointed as the liquidator after a meeting with the owners of Mageli Pty Ltd and Marketplace Gourmet Meats Pty Ltd last Thursday.
Mr Deppeler said his firm was asked to look at the company's options as the owner had decided to cease trading.
"They didn't have the funds to keep operating," he said.
"We were contacted to discuss the options available given the current circumstances the company was in and it appeared at that time the company was probably insolvent."
Mr Deppeler said a decision was made to remain open until Sunday to try and offload stock.
He said creditors owed funds could contact his firm, which was also seeking people interested in purchasing equipment.
"We're calling for expressions of interest for the assets/fitouts of the companies," he said.
Mr Deppeler said the liquidation of the companies had resulted in the closure of five stores in Warrnambool, Colac and Mount Gambier.
He said it was not known how many employees had been affected by the closures.
The Northpoint store made news last year when owner David Wiese announced it would go cashless.
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