Accounting firm KPMG has been appointed administrator of the group – which yesterday revealed that two-week-long talks concerning its future finally broke down.
Apple remains the group's main creditor and is owed A$20 million. KPMG representatives are currently working from the group's North Sydney head office, sorting out administrative details.
KPMG partner, Scott Kershaw, said: "The timetable is to secure the business, take control of operations and communicate with creditors within the next week or so. Then we will agree on a strategy for the sale of the business over the next couple of months."
Kershaw added: "Potential buyers might be interested in buying the entire 30 outlets, though it's too early to form a view on that. Buzzle represents a significant opportunity. It is a substantial business with a strong position within the Apple distribution chain."
Kershaw would not comment on what went wrong within the group: "With the attractive products Apple has recently introduced, there's a good chance the business will be sold as an ongoing concern," he said.
Apple has assured customers that its products will remain available to customers, despite the collapse of the group.
Apple's corporate affairs manager, Myrna Van Pelt, said: "Apple products are available through thousands of outlets worldwide, Australia is a very important market to us. We will continue to work with our channel partners for further expansion opportunities and to provide the best possible experience for our customers.
"The rest of the channel is in fine order and the transition will be as seamless as we can possibly make it," she added:
"It is now up to KPMG to determine the fate of the group, which includes Choice Connections, Design Wyze, GM Computer, Mac's Place, Manning Computers and Status Graph."