Australia-based burger restaurant Burger Head has decided to close its business in the coming weeks as inflation and increased interest rates have worsened its financial troubles.
According to a report by Sky News, the restaurant, founded by Joshua Deluca and Timothy Rosenstrauss in 2017, had grown to comprise four restaurants and three food trucks.
However, due to the financial crisis, the restaurant brand closed its outlets in Blacktown and Casula.
The Blacktown and Casula restaurants were opened within ten weeks of each other in 2022.
In addition to the two restaurant outlets, a production kitchen in Wetherill Park was also opened during the same period.
The brand has now decided to close its two remaining stores in Botany and Penrith by 29 October 2023.
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The media house quoted Messrs Deluca and Rosenstrauss as saying: “The past seven years have been nothing shy of an incredible journey of ups, downs and everything in between, but unfortunately, we’ve decided to hang up the apron.
“There’s no denying that hospitality is considered one of the hardest industries there is. To survive and thrive for as long as we have, we’ll be forever proud of our accomplishments and eternally grateful for the support of everyone along the journey.”
After the Covid-19 pandemic, the restaurant brand expanded its brand footprint in the region rapidly. This expansion is said to be the primary cause for the brand’s financial stress.