The sale of Warren Mead's Oyster Bar on the Beach restaurant in North Fremantle has hit a hurdle after the proposed buyer, Empire Beer Group Ltd, failed to raise enough capital ahead of its stockmarket listing.

The sale of Warren Mead's Oyster Bar on the Beach restaurant in North Fremantle has hit a hurdle after the proposed buyer, Empire Beer Group Ltd, failed to raise enough capital ahead of its stockmarket listing.