{"id":630559,"date":"2026-10-14T17:14:12","date_gmt":"2026-10-14T17:14:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/630559\/"},"modified":"2026-10-14T17:14:12","modified_gmt":"2026-10-14T17:14:12","slug":"burger-burger-returns-torbay-restaurant-reopening-after-liquidation","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/630559\/","title":{"rendered":"Burger Burger returns: Torbay restaurant reopening after liquidation"},"content":{"rendered":"<p class=\"FxSPvgIxedhFU\" style=\"display:none\">Gareth Hoole, a director of insolvency firm Ecovis KGA, told Stuff last week a buyer had been found for the business, but declined to disclose the purchaser or their plans for the chain.<\/p>\n<p><img  alt=\"A post shared in a Torbay Facebook group says the restaurant will reopen from 8am on Thursday.\" class=\"article-media__image responsively-lazy\" data-test-ui=\"article-media__image\"\/>A post shared in a Torbay Facebook group says the restaurant will reopen from 8am on Thursday.<\/p>\n<p class=\"FxSPvgIxedhFU\" style=\"display:none\">\u201cI expect they will make the appropriate announcements about their future plans in due course,\u201d Hoole said.<\/p>\n<p class=\"FxSPvgIxedhFU\" style=\"display:none\">Founded in Auckland in 2014, Burger Burger grew from a single restaurant into one of New Zealand\u2019s best-known gourmet burger brands, with restaurants in Ponsonby, Commercial Bay, Eastridge, Takapuna, Torbay, Hamilton and Mount Maunganui.<\/p>\n<p class=\"FxSPvgIxedhFU\" style=\"display:none\">The business entered administration in June before being placed into liquidation in July as directors and insolvency specialists sought a rescue package or buyer.<\/p>\n<p><img  alt=\"Posters on the inside of Burger Burger Torbay say the store will soon be reopening.\" class=\"article-media__image responsively-lazy\" data-test-ui=\"article-media__image\"\/>Posters on the inside of Burger Burger Torbay say the store will soon be reopening.<\/p>\n<p class=\"FxSPvgIxedhFU\" style=\"display:none\">At the time, Hoole told the Herald the brand retained strong customer support despite its financial difficulties, <a href=\"https:\/\/www.nzherald.co.nz\/property\/burger-burger-needs-1m-of-capital-to-rejuvenate-the-brand-administrator-gareth-hoole\/premium\/WQOCX5ZNNZHJFCL5XIBDC7AGQE\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.nzherald.co.nz\/property\/burger-burger-needs-1m-of-capital-to-rejuvenate-the-brand-administrator-gareth-hoole\/premium\/WQOCX5ZNNZHJFCL5XIBDC7AGQE\/\">describing Burger Burger as having \u201cgood brand loyalty and recognition\u201d.<\/a><\/p>\n<p class=\"FxSPvgIxedhFU\" style=\"display:none\">He estimated the business required about $1 million in fresh capital to continue operating and rejuvenate the chain.<\/p>\n<p class=\"FxSPvgIxedhFU\" style=\"display:none\">Financial reports prepared during the administration process showed revenue had remained relatively stable at about $12m, but rising costs severely affected profitability. <\/p>\n<p class=\"FxSPvgIxedhFU\" style=\"display:none\">The first liquidator\u2019s report showed Burgerburger owed about $2.7m when it failed.<\/p>\n<p class=\"FxSPvgIxedhFU\" style=\"display:none\">Burger Burger Holdings director Mimi Gilmour previously said mounting pressure from the cost-of-living crisis, rising wage costs and a sharp increase in meat prices had pushed the business into difficulty. <\/p>\n<p class=\"FxSPvgIxedhFU\" style=\"display:none\">She said the company went from making money to losing about $20,000 a week as costs escalated.<\/p>\n","protected":false},"excerpt":{"rendered":"Gareth Hoole, a director of insolvency firm Ecovis KGA, told Stuff last week a buyer had been found&hellip;\n","protected":false},"author":2,"featured_media":630560,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[74,15442,16425,3952,36595,138,2739,111,139,529,69,309143,2574,2539,1527,6443,18484,2249,141693,5157,102],"class_list":["post-630559","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-after","tag-appearing","tag-appears","tag-aucklands","tag-burger","tag-business","tag-liquidation","tag-new-zealand","tag-newzealand","tag-north","tag-nz","tag-posters","tag-reopening","tag-restaurant","tag-return","tag-returns","tag-shore","tag-soon","tag-torbay","tag-windows","tag-with"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/630559","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=630559"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/630559\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/630560"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=630559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=630559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=630559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}