The Griffith franchise of Mexican fast-food restaurant Zambrero will remain open and is expected to announce a new owner soon, after the company that was previously running the store was wound up in insolvency in October 2023.
Zambrero Griffith, at 192 Banna Avenue, had been run by a company registered under the name Zambos Griffith Pty Ltd.
According to documents filed with the federal business regulator, the Deputy Commissioner of Taxation launched proceedings in the Federal Court to have this company wound up (to stop trading) on 26 September, 2023.
On 31 October, 2023, the Federal Court ruled that Zambos Griffith be wound up in insolvency and that Melbourne-based business reconstruction specialist Stephen Michell be appointed liquidator of the company.
The court also ordered that fixed costs of the court application, $3316, be reimbursed to the plaintiff (the Australian Taxation Office).
No other information on this court case has been made public.
A spokesperson for Zambreros told Region that the head office took over management of the Griffith store for an interim period since the court order and that a new franchisee was expected to be announced soon. He said the store’s operations would not be affected by the transition.
Zambos Griffith Pty Ltd first registered as a business in March 2016. Until April 2023, its registered address was in Wagga, according to the Australian Securities and Investments Commission (ASIC).
Zambrero Griffith opened its doors in January 2017 when it became the first Mexican restaurant in the town.
The fast-food chain was founded in Canberra in 2005 by then-medical student Sam Prince, with the idea of using the profits to support humanitarian causes. It sells burritos, tacos, quesadillas and similar items.