Brisbane’s popular burger restaurant, known for its vegan food, has had to close.

Grassfed has become unsustainable due to the high costs associated with running the company.

The restaurant opened in 2018, but it will serve its final meals on the 24th of September.

Grassfed, despite its short run, gained a loyal fan base and even received praise from Matt Preston, MasterChef judge, food critic, and food writer.

The restaurant claims to have also converted some people to veganism.

Owners Leizl Esteioko and Jonny Garcia said that the rising costs of ingredients, as well as a $200 rent increase per week, forced them to close the shop.

As the cost of living increases, Australians are eating out less and less.

“It has been a tough journey since 2020, with lots of instabilities and many ups anddowns,” Ms Estioko said to the Courier Mail.

“The cost is increasing for everything – goods, delivery, wages, and super. We’re not high-end restaurants that can charge more.

You can’t charge $30 or $40 for fries and burgers. How can we survive if our profit margin is only 50 cents per dish?”

The couple stated that the move will give them more time with their five children and focus on their other company, Queensland Vegan Markets.

In the final days of its run, Grassfed offers specials on Tuesdays and Thursdays at prices as low as $6 and $7.

Many Australians who are struggling to survive will be familiar with the story of Grassfed closing.

The growth in household spending has fallen dramatically over the past 12 months as price pressures persist and a series of aggressive rate increases force families to tighten up their belts.

Commonwealth Bank released new figures on Wednesday showing that household spending grew by just 2.3% in the year to August. In the year before, household expenditures increased by 18.7% on an annualized basis.

Spending on hospitality fell by 2.1% in August as households continue to be squeezed by the cost of living.