Aberdeen Byron Burger gets stay of execution after agreement to slash rent

Talks over the future of an Aberdeen burger restaurant will be held after its landlord agreed to cut the rent.

Byron Burger in Union Square will have its rent slashed by 45% for the next six months while discussions over its future are ongoing.

However, one result of those talks could mean the restaurant shuts down.

The firm tabled a company voluntary arrangement (CVA)  in an attempt to shore up its financial position by allowing it to shut loss-making restaurants and secure deep discounts on rental costs.

The overhaul received 99% backing during a meeting on Wednesday, paving the way for the potential closure of 20 restaurants across the country.

The CVA will see 51 Byron sites keep their rental costs the same, and five will have their rents reduced by a third.

A further 20, including the branch in Aberdeen, will have their rents cut by 45% for six months while the group holds talks with landlords over the future of these sites.

Byron, which was founded by Tom Byng in 2007, employs around 1,800 people and had 67 leasehold restaurants and nine non-operational leasehold sites prior to the restructuring.

The restaurant in Aberdeen – Byron's first in Scotland – was opened in 2016.

 

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