A Four Square in Auckland was tipped into receivership on Christmas Eve - but the store has reopened under an acting manager and will be put up for sale as a going concern in the new year.
David Bridgman and Craig Sanson, of PwC, were appointed receivers for BK's Four Square in Torbay, Auckland on December 24, but had the doors open again by Boxing Day.
Bridgman says PwC is still in the early stages of establishing how much money is owed by owner-operator Sagar Patel, who has now been replaced by an interim manager.
But he says the business is healthy, with weekly revenue and other metrics that compare well with other Four Squares.
It ran into trouble because Patel had financial difficulties that were "somewhat unrelated" but impacted the business. Bridgman did not want to comment further on the nature of the franchisee's business problems at this point. Patel did not immediately return a request for comment.