BurgerFuel narrows 1H loss, plans to buy more franchised stores, expand into US

Sophie Boot
Fri, 09 Dec 2016

By Sophie Boot Dec. 9 (BusinessDesk) - Burger Fuel Worldwide narrowed its first-half loss and says it wants to buy more stores and is still looking to expand into the US though its sales and option and collaboration agreements with investor Franchise Brands have ended. The net loss was $115,328 in the six months ended Sept. 30, from $487,533 a year earlier, the Auckland-based company said in a statement. Group operating revenue rose 7 percent to $10.4 million, largely from long-term recurring royalties and sales. Total system sales, which...

Unlock all stories
free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
Comprehensive business and markets coverage
News via email, web and Apple/Android apps

Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Find out more

Subscribe now

Name

E-Mail Address

Password

Confirm Password

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Cardholder's Name

Card

You will be charged in 10 days unless you cancel beforehand. We will remind you three times before charging you.
All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service {{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Or Subscribe with Google

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Opinion

Putin's war is a challenge to global corporate conscience

David Brain | Sat, 28 May 2022

Global businesses with strong retail brands appear the most likely to stop doing business in Russia altogether, but there are holdouts.

On the Money

ON THE MONEY: Greg Foran, Straker and Ryman Healthcare

Victoria Young | Sat, 28 May 2022

OTM this week: The PM’s US tour, Grant Robertson’s golden rules, Greg Foran and more.

Politics

Sydney firm to build NZ Police’s arms information system

Ava Bradley | Fri, 27 May 2022

The company’s software will provide a secure digital database of all firearms transactions and legally owned firearms in NZ and is estimated to bring in $13 million for the ASX-listed company.

Partner content

Small business lessons for attracting and retaining staff

Employers battling through the ‘Great Resignation’ are now faced with the ‘Great Brain Drain’.

Partner content

People leaders are key to wellbeing but still need help

One in three people say they have experienced an issue with an unsupportive manager

BurgerFuel narrows 1H loss, plans to buy more franchised stores, expand into US

Subscribe now

Or Subscribe with Google

Not convinced yet?

Your company has a subscription

Team