Getta Burger, a familiar name in Queensland’s fast-food scene, has entered liquidation, leading to the closure of 14 out of its 17 stores. The closed outlets include those in Capalaba, Clayfield, North Lakes, Cannon Hill, Victoria Point, West End, Bridgeman Downs, Carina, Springfield Lakes, Holmview, Yamanto, and Yatala.
Established in 2014, Getta Burger has been a popular choice among Queenslanders. However, the chain has been grappling with financial difficulties, resulting in debts exceeding $500,000. Founder Brent Poulter pointed to the rising cost pressures after COVID-19 as a significant factor in this development.
The timing of the liquidation process, initiated without seeking government support during the pandemic, is particularly hard-hitting as it coincides with the Christmas season. This decision has led to 107 employees losing their jobs, creating a challenging situation for many families, including in Springfield Lakes, during what is typically a festive time of year.
The liquidation highlights the harsh economic realities faced by businesses in the food and beverage industry. Getta Burger struggled with a 30% increase in power bills and substantial rises in the cost of ingredients. Poulter noted that these rising operational costs made it challenging to maintain quality without increasing prices for customers.
The closure underscores the competitive and challenging nature of the food industry, where businesses must adapt and manage costs effectively. The collapse of a well-known chain like Getta Burger is indicative of the broader struggles within the sector, especially in the context of increasing living costs.
As the liquidation process unfolds, the exact scale of the Getta Burger’s debts is still being determined.
Published 25-Nov-2023