A popular Sydney burger chain franchise has become the latest hospitality venue to shut up shop after going into liquidation.
Bass Hill Burger Pty Ltd, which trades as Flipp Burger Bass Hill, was last month ordered into compulsory liquidation by the Victorian Supreme Court over issues with unpaid debts with its energy provider.
WATCH THE VIDEO ABOVE: Jenny Craig collapses after liquidators unable to sell.
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Flipp Burger has a number of restaurants across Sydney, including North Sydney, Parramatta, Mount Druitt, Marsden Park and Auburn.
Bass Hill is still listed as a location on Flipp Burgers’ Instagram and website, however, the franchise’s phone number was disconnected when contacted by 7NEWS.com.au.
Andrew Scott and Robert Ditrich from accounting and restructuring firm PwC have been appointed as joint liquidators in the matter.
7NEWS.com.au understands investigations are continuing into the reason for the company’s collapse and its assets, which were sold before the franchise went under.
“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.”
Three creditors have been identified so far, but the total amounts owed are yet to be determined.
Flipp Burger Bass Hill is the latest restaurant to close its doors amid mounting business and cost of living expenses, with liquidators also recently appointed to Hog’s Breath Cafe branches in Tuggerah and Coffs Harbour.
Controversial restaurant chain Karen’s Diners also collapsed late last month, when Viral Ventures, which owns the Karen’s Diner and Broadway Diner franchises, had liquidators appointed on May 30.
It came days after venues were closed in Melbourne, Perth and the Gold Coast, leaving only three locations open in Adelaide, Brisbane and Sydney.
It was this week revealed Broadway Diner in Brisbane’s Southbank had also closed.
7NEWS.com.au understands the Broadway Diner in Sydney will remain open.