A wine distributor that did $6 million in revenue last year has filed to liquidate.
Rocky Mountain Wine Group, which operates as Veraison Beverage Distributors, filed for Chapter 7 bankruptcy this week, saying it owes over $1 million to 30 creditors. The company said it has assets worth $294,013.
Chapter 7 bankruptcies are typically a liquidation process involving a selloff of the debtor’s assets.
Bob Cohen founded Veraison in 2007. The distributor supplies wine from family-owned vineyards to retailers and restaurants across Colorado, according to its website. The company operates at 725 S. Jason St. in Denver, although in the bankruptcy filing it listed its “principal place of business” as a PO Box in Eagle County.
Susan Wilke signed the filings on behalf of Veraison, listing her title as manager-member. Attorney Erik A. Johnson is representing the company. The company and Johnson didn’t respond to requests for comment.
Wine inventory accounts for the majority of Veraison’s assets, at $177,661. Another $92,352 is labeled accounts receivable. Both of those categories are subject to a lien by ANB Bank, according to the paperwork.
The company’s largest creditors are Wilke, owed $363,000, and Matt Cohen, who the filing lists as a former manager-member of the company and who is owed $360,000. Landlord John Kelly is owed $15,000, and Napa, California-based wine importer Quintessential is owed $112,000.
Veraison had revenue of $5.7 million in 2021 and $6.3 million last year, according to the filings. Through May 1, when the company filed, it had done $232,083 in revenue this year.
A wine distributor that did $6 million in revenue last year has filed to liquidate.
Rocky Mountain Wine Group, which operates as Veraison Beverage Distributors, filed for Chapter 7 bankruptcy this week, saying it owes over $1 million to 30 creditors. The company said it has assets worth $294,013.
Chapter 7 bankruptcies are typically a liquidation process involving a selloff of the debtor’s assets.
Bob Cohen founded Veraison in 2007. The distributor supplies wine from family-owned vineyards to retailers and restaurants across Colorado, according to its website. The company operates at 725 S. Jason St. in Denver, although in the bankruptcy filing it listed its “principal place of business” as a PO Box in Eagle County.
Susan Wilke signed the filings on behalf of Veraison, listing her title as manager-member. Attorney Erik A. Johnson is representing the company. The company and Johnson didn’t respond to requests for comment.
Wine inventory accounts for the majority of Veraison’s assets, at $177,661. Another $92,352 is labeled accounts receivable. Both of those categories are subject to a lien by ANB Bank, according to the paperwork.
The company’s largest creditors are Wilke, owed $363,000, and Matt Cohen, who the filing lists as a former manager-member of the company and who is owed $360,000. Landlord John Kelly is owed $15,000, and Napa, California-based wine importer Quintessential is owed $112,000.
Veraison had revenue of $5.7 million in 2021 and $6.3 million last year, according to the filings. Through May 1, when the company filed, it had done $232,083 in revenue this year.