Popular Sydney burger franchise collapses after racking up thousands of dollars in debt
- Flipp burger franchise in Sydney’s southwest in liquidation
- Restaurant owed $24,000 in unpaid bills
A burger chain franchise has collapsed after it racked up tens of thousands of dollars in unpaid bills.
Bass Hill Burger Pty Ltd, which traded as Flip Burger Bass Hill, in Sydney’s southwest went into liquidation last month.
The restaurant, which is part of the chain Flipp Burgers, had owed $24,000 in electricity bills.
The matter went to court when the business was unable to settle the debt with their energy provider, news.com.au reported.
Flipp Burgers has restaurants in Sydney’s north and west, and the Bass Hill store is still listed on its website.
Bass Hill Burger Pty Ltd, which traded as Flip Burger Bass Hill, in Sydney’s southwest went into liquidation last month
The restaurant, which is part of the chain Flipp Burgers, had owed $24,000 in electricity bills
The franchise opened in November, 2020 and was ordered by the Victorian Supreme Court to enter compulsory liquidation, with Robert Ditrich and Andrew Scott of accounting and restructuring firm PwC appointed as liquidators.
‘We are in the early stages of this liquidation and are currently seeking to determine the number of creditors and how much they may be owed,’ a PwC spokesperson said.
‘Creditors should have received an initial report, if they haven’t they should contact us.’
The number for the Bass Hill franchise has been disconnected but their Instagram page is still up and running.
The energy provider, the ATO and the franchise’ landlord have all been listed as creditors.
Daily Mail Australia has contacted Flipp Burgers for comment.
The restaurant is part of the Flipp Burger fast food chain
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Read more at DailyMail.co.uk