Bondi Pizza is on the brink of collapse as the restaurant appoints administrators

A popular pizza chain is on the brink of collapse, with more than a hundred jobs at stake.

Bondi Pizza has appointed administrators who are looking for a buyer at the chain.

The companies that have fallen into administration include Casual Dining Concepts (Holdings) Pty Ltd and Casual Dining Concepts (Leasing) Pty Ltd.

Casual Dining Concepts (stores) Pty Ltd, Casual Dining Concepts (trade) Pty Ltd, Bondi Pizza Bar & Grill (Macquarie) Pty Ltd, Bondi Pizza Bar & Grill (Parramatta) Pty Ltd and Bondi Pizza Bar & Grill (Eastgardens) Pty Ltd are also on the list.

The companies are all owned by the restaurant’s sole director Gary Linz.

There are three Bondi Pizza eateries in NSW in Parramatta, Macquarie Center in Macquarie Park and a restaurant in the East Gardens of Westfield in Sydney’s south east.

Johnathan Keenan and Peter Krejci of bankruptcy firm BRI Ferrier were appointed managers of the once-popular restaurant.

Mr Keenan and Mr Krejci took over the business last Friday, considering all options to save the company and the restaurant’s 120 employees.

There are currently expressions of interest from potential buyers to take over the company.

Efforts are also being made to restructure the restaurant.

The restaurant is said to have been hit by difficult trading conditions due to the COVID-19 pandemic.

The company that operates three restaurants in NSW have all gone bankrupt and administrators were appointed last week to take over the once popular business (Pictured: A diner eating a pizza at a Bondi Pizza restaurant)

The company is believed to have a significant amount of cash, while creditors and staff are among those yet to be paid.

However, it is believed that most of their payments due to them are current.

A creditors meeting will take place on March 11.

More to come.