The Australian franchise of US burger company Carl's Jr has entered voluntary administration following its debut Down Under in 2016.
Subscribe now for unlimited access.
or signup to continue reading
KPMG administrators were appointed for CJ's Group, the licensee for Australia's Carl's Jr stores, on July 29.
A KPMG administrator, David Hardy, said "we will be conducting an immediate sale process of the existing store network and operations".
"We will be working with all stakeholders, including employees, suppliers and landlords, to maximise the outcome for all parties," he said.
"As voluntary administrators, our initial focus will be on stabilising the operations of CJ's Group."
Carl's Jr shuts 20 stores immediately
However 25 stores independently owned and run by third-party sub-licensees, will likely continue to operate unaffected, KPMG said.
Key stakeholders, including suppliers and landlords, will be contacted in late July or early August.
An advertisement recruiting new Carl's Jr franchisees was posted to a job board on July 22, seven days before administrators were brought in.
The announcement will not affect global outlets of the burger restaurant.
Burger restaurants under administration
The burger stores subject to administration include shops in the following locations:
Restaurants that are closing immediately:
NSW
Bathurst, Dubbo, Wetherill Park
Vic
Altona, Ballarat, Braybrook, Campbellfield, Craigieburn, Cranbourne, Clayton, Docklands, Epping, Epsom, Greenvale, Knox, Lyndhurst, Shepparton, Thomastown, Williams Landing, Wodonga
CJ's Group restaurants that will remain open:
NSW
Bringelly
Vic
Dandenong, Melton, Tarneit