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Fri 4th Oct 2019 - Handmade Burger Co considers its options
Handmade Burger Co considers its options: The owner of Handmade Burger Co, which was acquired out of administration in the summer 2017, is believed to be reviewing its options, including a sale of the 19-strong business. The Burger Chain, the Essex-based business set up to acquire the 20-strong rump of Handmade Burger Co by businessman Wahab Hussain, is understood to be working with CBRE on its options for the brand. Last month, Burger Chain Ltd and sister company The Burger Comp Ltd were served with a compulsory strike-off notices, although these were discontinued the following day after “cause has been shown why the company should not be struck off the register”. However, the business is not thought to be in immediate trouble. The company recently closed its 80-cover restaurant in Deansgate, Manchester, but Propel understands that Rosa’s Thai Café is set to take over the unit for its first site in the city, and second in the north west. It is thought that interest has been shown in all or parts of the rest of Handmade estate from the likes of the David Page-led Fulham Shore and the Kings Park Capital-backed 7Bone Burger Co. Handmade Burger Co currently operates sites in Aberdeen, Edinburgh Ocean Terminal, Glasgow Braehead, Glasgow St Vincent Street, Birmingham Brindleyplace, Birmingham Bullring, Leicester Highcross, Lincoln Brayford Wharf, Peterborough, Solihull Touchwood, Gateshead Metro Centre, Hull, Leeds Trinity, Sheffield Meadowhall, Bath, Bournemouth, Reading, Southampton West Quay and London’s Wembley. Nine of the group’s sites shut under the insolvency process in 2017. A report by Companies House showed that the 20-strong chain was sold to Burger Chain Ltd out administration for just over £1.45m. The 2017 sale process generated interest from 36 parties with seven offers subsequently received and a sale contract issued to two parties. Hache, the Jamie Barber-led burger group, was believed to have shown interest in the business at that time.

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