21 Nov 2012

M/E model to be used in Australia by burger company

7:16 am on 21 November 2012

Burger Fuel is looking to adopt in Australia the same business model which has brought it success in the Middle East.

Profit for the franchise rose 37% to $308,000 for the six months to the end of September, compared with the same period last year.

Underlying profit more than doubled to $454,000 and total operating revenue rose by 10% to $5.3 million.

In Australia the sales revenue fell after it sold its company-owned store to a franchisee. But chairman Peter Brook said it's still a large potential market.

Mr Brook said the company is also looking to expand into other countries where Burger Fuel is not already operating.