In2Food still looking for franchises, as document reveals $53 million is owed to creditors

Food wholesaler In2Food is advertising for new franchisees to join the business, as documents filed with the corporate regulator shows the business owes more than $53 million to creditors, including small businesses.  

In2Food collapsed into administration in mid-August, citing the ongoing disruptions caused by lockdowns; however, the business is still trading as a sale process continues. 

The business was formed in 2018 through a merger of seven other food businesses and also trades as Yarra Valley Farms Australia. It supplies fresh produce — which it purchases from small farms and producers — to supermarkets, cafes, restaurants, aged care facilities and schools.

The business has 17 ‘territory managers’ or franchisees, according to a post from an employee on LinkedIn, and is currently advertising eight new franchise opportunities on AnyBusiness.com.