The inn has been around for over 120 years and has been not only a popular inn for many decades, but also a cozy meeting place and an important local supplier of meat, milk and much more in the district. The largely original inventory from the 19th century offers the perfect setting for a cozy get-together with good food or a chat with your neighbors and friends,” it says on the homepage.
And it goes on to say: “When the previous tenant retired, I didn’t have to think twice and took over the restaurant and crew. Much to the delight of the other regular guests. With a love for old architecture and Viennese cuisine, but also with new ideas, a beautiful symbiosis of tradition and modernity was created. Warmth and commitment is our personal guideline, which is reflected in many areas. For example, we like to take people with special needs into our kitchen for training, do integration work and are enthusiastic football fans Wiener Sport Clubs.“
We’re talking about Leopold Brandstetter wine and beer house “Zum Alsegg” now GmbH. & Co. KG based in 1170 Vienna. She loudly AKV, Creditreform and KSV1870 a restructuring procedure without self-administration was introduced. 11 employees are affected by the bankruptcy.
The causes of bankruptcy
“The origin of the insolvency, as in so many catering bankruptcies, is the corona pandemic combined with the ordered closures. The loss of sales and financial difficulties associated with these closures were exacerbated in the following years by the increase in the cost of goods and energy, which is particularly noticeable in the catering industry. Furthermore, there were sickness-related absences among staff. Long-term sick leave increased personnel costs,” says the insolvency application. “The consumer behavior of guests has changed since the Corona crisis and the price increases; people are traveling less, no longer come as regularly and spend less on a visit than before. Food is ordered to take away more often and consumed on site less often, so sales for drinks are lost.”
And it is further stated: “The fact that the Vienna sports club, whose stadium is in the immediate vicinity, began renovating the stadium around 1 ½ years ago also led to a loss of sales. At home games, fans were in the pub before and after the game and ensured very good sales. The replacement stadium is significantly further away from the debtor. The stadium is scheduled to reopen in March 2026 and there will again be 2-3 home games per month.
Furthermore, public accessibility became significantly worse when the tram was rerouted due to a construction site. There is an end in sight here too.”
Positive continuation prognosis
“All of these circumstances mean that the arrears that have built up can no longer be settled in the foreseeable future and the debtor has to admit that insolvency has occurred. Restructuring is therefore (only) realistically possible as part of a restructuring process,” it said in the insolvency application. 2The debtor has or will continue to adapt the opening times to the existing staff. The Vienna Sports Club comes back and the tram is running again, so that the debtor was able to make a positive forecast and a restructuring is realistically possible.”
The debts
The liabilities are estimated at 274,000 euros; the claims of the employees are not included.
The future
The debtor wants to restructure the company and offer its creditors a restructuring plan with a 20 percent quota.