‘Breastaurant’ chain famous for its scantily clad women goes into administration in Australia 

The future is bleak for Hooters Australia as the infamous chain of restaurants featuring scantily clad waitresses is put up for sale.

It’s the second time the controversial ‘brestaurant’ chain, with locations in Sydney and the Gold Coast, has been put up for voluntary administration.

Current owner and local chairman, Sydney Borg, was enthusiastic when he purchased the business two years ago, vowing to ‘clean up the mess’.

The future is bleak for Hooters Australia, as the infamous chain of restaurants is currently up for sale

It's the second time the controversial 'brestaurant' chain, with locations in Sydney and the Gold Coast, has been put up for voluntary administration

It’s the second time the controversial ‘brestaurant’ chain, with locations in Sydney and the Gold Coast, has been put up for voluntary administration

Documents were filed with the corporate regulator on July 25, which say that Veritas Advisory is the appointed administrator for Mr Borg’s company, Hotr Australia Pty Ltd.

Veritas Advisory released a statement saying that the infamous chain, known for its busty waitresses, is ‘up for sale’, news.com.au reported.

‘Hooters has been placed into voluntary administration in order to give the company some “breathing space” and help the owner reassess the business and his involvement moving forward,’ it said.

The statement also assured customers that the business would continue running as per usual.

The four Australian restaurants, located in Parramatta, Penrith, Campbelltown and the Gold Coast will continue to trade during the administration period of approximately two months.

The business struggled to gain nationwide acceptance since first opening in 2006, and using scantily clad waitresses, named ‘Hooters girls’.

It suffered setbacks and financial troubles before entering voluntary administration for the first time in July 2015.

The statement assured customers that the business would continue running as per usual

The statement assured customers that the business would continue running as per usual

US Restaurant group Chanticleer Holdings rescued Australia’s Hooters outlets from collapse in 2015, but quickly sold its 80 per cent stake in the business to Mr Borg.

Chanticleer and Mr Borg were previously silent investors in the business, but they forced it into administration as they believed the previous operators ‘ran the business into the ground’, according to Mr Borg.

The first creditors meeting is set to take place at 11am on Monday, August 6 at Veritas Advisory’s Sydney CBD office.

The business struggled to gain nationwide acceptance since first opening in 2006, despite being famous for its use of scantily clad waitresses, named 'Hooters girls'

The business struggled to gain nationwide acceptance since first opening in 2006, despite being famous for its use of scantily clad waitresses, named ‘Hooters girls’

The administrators are David Iannuzzi and Vincent Pirina.

‘The voluntary administration process is designed to provide an independent expert review on the performance of a business with the view of maximising the return available for all creditors,’ Mr Iannuzzi said in a statement.

‘It gives Hooters some breathing space which in turn helps to stabilise and if necessary, restructure the business either with the current owner or a new management team or the opportunity for a sale to another player.’

All involved in the negotiations are hoping the maximise the ability to keep the brand alive.



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