Unexpected insolvency
Operator of popular city center bar goes bankrupt
The "Promenaden Bar" on the site of the former Café Exx on the corner of Klammstraße in Linz opened its doors just last year. Now a creditor has opened bankruptcy proceedings against the operator, Goldmann Beteiligungs GmbH.
The "Promenaden Bar Wine & Dine" on the corner of Promenade and Klammstraße has only been open since last May. However, it is not only because of the exquisite selection of wines and the small but fine pub garden in a prime location that the bar has become a popular hotspot for those looking to get away from it all in recent months. This makes the current insolvency of the operator all the more surprising.
Several 100,000 euros not paid
In an interview with OÖN, the latter explained that he would supply supermarket chains with raw and baked goods through Beteiligungs GmbH and that a major retail chain from Germany had not yet paid him an outstanding amount of several 100,000 euros. The consequence of these arrears was that he now lacked liquidity. The tax office has therefore opened insolvency proceedings. In any case, the popular restaurant will continue to operate.
More and more insolvencies in Upper Austria
Irrespective of the KTM case, which is currently keeping the province on tenterhooks, most insolvencies in Upper Austria last year were recorded in the retail sector (142 cases), followed by the construction industry (120 cases) and the catering and accommodation sector (97 bankruptcies). In total, there were 701 insolvencies in the Land ob der Enns, an increase of 128 applications compared to 2023 - and the trend continues to rise.
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