'It's a shame' as liquidators converge on food empire
OCEAN Street restaurateur Scott Hoskins, co-founder of Asian sensation Junk, says it's disappointing to see other franchises close down, as his Maroochydore offerings thrive.
Liquidators have been appointed to wind up a string of companies, including WHG Investments Pty Ltd, Worldwide Hospitality Group Pty Ltd, Junk Toowoomba Pty Ltd, Junk SB Pty Ltd and Hello Harry Coorparoo Pty Ltd.
Mr Hoskins said he'd sold the Junk outlets at Coorparoo, South Bank, Toowoomba and Broadbeach and the new owners had subsequently closed the Coorparoo and Broadbeach Junk franchises.
"It is a shame,” Mr Hoskins said.
"Maroochydore's trading really well.”
He remained the sole owner of Junk at Maroochydore and Hello Harry burger joint, both popular fixtures on the Ocean St dining precinct.
Mr Hoskins said Junk had experienced its record week at the Maroochydore store last week since opening four years ago, as Ocean St World Festival goers flocked to the casual Asian dining venue.
Australian Securities and Investments Commission documents show Mr Hoskins ceased his role as director of parent company Worldwide Hospitality Group in mid-2016, while his Junk co-founder and renowned chef Tony Kelly finished up as a director of the group in mid-2017.
Toowoomba-based Gavin Hodges was appointed director in mid-2016.
William Roland Robson was appointed as liquidator for the series of companies after a meeting on March 29.
Mr Kelly said he'd sold his share of the business to Mr Hoskins in mid-2017 and took a couple of months off before launching two exciting new dining ventures in Mooloolaba.
He now owns and operates the popular Rice Boi and Saltwater restaurants at the newly-refurbished Wharf precinct.
It's understood the Junk restaurants at Toowoomba and South Bank have continued to trade successfully.
Having opened four years ago, Junk was initially supposed to be a temporary street feature and the restaurant would undergo a transformation every six weeks.
But such was the popularity of their Asian offerings Junk became a fixture in what has become the Sunshine Coast's leading entertainment and dining precinct.
The Daily understands Worldwide Hospitality Group also sold off The Chelsea Bar and cafe Milk and Honey in Toowoomba prior to being placed in liquidation last week.
Mr Robson told The Chronicle in Toowoomba that directors had been concerned the group wasn't trading profitably, prior to the closure of the Broadbeach and Coorparoo restaurants.
"There were certain sites that did trade well and there were certain sites that did not,” he said.
"The non-profitable ones have been shut down and the profitable ones have been sold off.”