The creators of Canberra's freakshake have admitted they "definitely bit off more than we could chew" after closing one of their Patissez shopfronts.
Patissez Pty Ltd has gone into liquidation and its Civic cafe shut after board members voted to wind up the company in November.
Gregory Stuart Andrews and Andrew Juzva from Melbourne's G S Andrews Advisory have been appointed liquidators.
The original Patissez shop in Manuka will remain open, however, with the owners writing on Facebook that "the dream lives on".
"There have been MANY mistakes but we gave it a red hot go and learned a lot," the Patissez Facebook page said on a HerCanberra post.
"Our situation was pretty unique and we certainly got caught up in the madness!
"We've lost a lot and there has been some big heartache but it's time to rebuild and we couldn't be more excited."
Patissez opened in Manuka in 2015 after owners Anna and Gina Petridis appeared on My Kitchen Rules. Their freakshakes - extravagant drinks topped with cakes and perfect for sharing on social media - sparked a frenzy and shot the pair to international fame.
By December, the Civic spin-off had opened, and in June 2016 they launched stores in Malaysia and Singapore.
Ms Petridis trademarked "freakshake" in 2015 after inspiring copycats as far afield as Ireland.
The liquidators and Patissez owners were contacted on Friday afternoon.