Juicy bankruptcy of a well-known restaurant business

The debts are estimated at around 615,000 euros. Both restaurants are to be continued.

“Our signature dish belongs to Austria like the Grottenbahn belongs to Pöstlingberg. The stilt, known elsewhere as a knuckle or even pork knuckle (the US citizen says “Knuckle”, the French “Jarret”), not only cuts a good figure as a classic barbecue stilt. With us it’s crispy on the outside and juicy on the inside!” says the Lunzerwirt homepage.

Now she had to KaBB Gastro GmbH based in Linz File for bankruptcy. Petra Wögerbauer from KSV1870 confirms this to the KURIER. 24 employees are affected. The Debts are estimated at around 615,000 euros

Bankruptcy: “Lunzerwirt” and “El Mariachi” in Linz remain in operation

“According to the information in the insolvency application, the “Lunzerwirt” is currently the company’s main business and the intention is to continue it. There are currently 7 employees employed in this company. The restaurant is well booked until Christmas,” it continues.

“On the debtor’s second mainstay, the bar business „The MariachiIn the old town of Linz, in addition to the managing director Christian Meixner, an employee works 20 hours a week. This operation should also be continued.”

Redevelopment plan

For the continuation of these two companies, a continuation forecast was attached to the insolvency application, which assumes that income will cover costs during the continuation period.

Until recently, the debtor’s company also included “Beenie.all day” in 4040 Linz. This restaurant has been closed since October 7th, 2024.

“We now intend to carry out a restructuring, in the course of which we will offer the insolvency creditors a restructuring plan of 20 percent, 10 percent payable within a short period of time and 10 percent payable within 24 months of acceptance of this restructuring plan,” said Wögerbauer. “The insolvency administrator will quickly check whether it is possible to continue operating the restaurant without further damage to the creditors.”