Franchisees kept in dark over Souvlakihut troubles
QSR Media was tipped off by a disgruntled franchisee a couple of weeks ago about a potential sale of the Souvlakihut brand, and a lack of information being provided to franchisee's. We followed up and were told by their PR agency that there was no sale pending. It now turns out that the company has gone into voluntary Administration, and a private equity buyer has been identified, and is awaiting a final settlement.
We now want to hear from you, the industry and in particular Franchise Owners of Souvlakihut.
What happened and what do you know?
Who is the new purchaser?
Who would you like to be the new purchaser ?
There was talk of pending litigation against the group, what do you know of this ?
This can be either on, or off the record. Please email Justine, Editor, QSR Media at [email protected]
Below is the full statement from the company.
Friday 3rd December
Souvlakihut sold
It is the buyer’s intention to continue the trading of the business with as little disruption as possible to the franchisees and their customers for a seamless transition of business ownership.
Following settlement, the medium term plan is to review the structure and format of the business to ensure the best outcomes for both the franchisor and the network for the future.
A short settlement period is anticipated with the target to achieve completion before Christmas.
This change hails the dawning of a new era for the award-winning Souvlakihut group which already enjoys significant popularity and brand recognition among Australian consumers which had been built up by its previous owners during the 6 years of growth since its inception in 2004.
