SANYUAN Restaurantbetriebs GmbH, which operates the Chinese restaurant “Lucky Wok” in Vienna, has applied for restructuring proceedings without self-administration at the Vienna Commercial Court. The company, founded in 2009, employs 25 people and has faced challenges due to the Covid-19 pandemic. The drop in sales during the pandemic, coupled with increased costs, led to financial difficulties for the company. However, the company’s continued existence is financially secure, and restructuring measures have been put in place to address the challenges.
The restaurant’s homepage explains that their buffet system is simple: customers take a plate and help themselves to whatever they want from the buffet. They can repeat this process as many times as they like, without having to wait like at a running sushi restaurant. Customers also have the option to order individual dishes from a menu if they prefer to stay at their table. The restaurant offers “All You Can Eat Sushi” in Vienna, which is a popular choice for those who enjoy fresh and tasty Japanese cuisine.
In the 2022 financial year, SANYUAN Restaurantbetriebs GmbH reported a retained profit of EUR 1.529 million and liabilities of EUR 1.85 million. Creditors have been offered a 20 percent restructuring plan quota to be paid within two years. The company is working to adjust prices and food offerings to improve its financial situation and ensure its sustainability in the future.