SANYUAN Restaurantbetriebs GmbH: Overcoming Financial Challenges Through Restructuring and Adaptability

The restaurant’s website explains their buffet system, which allows customers to take whatever they like without having to wait for specific dishes. Customers can visit the buffet as many times as they want or order individual dishes from the menu. The restaurant is known for its popular “All You Can Eat Sushi” in Vienna, offering fresh and tasty Japanese cuisine.

SANYUAN Restaurantbetriebs GmbH, the company behind the Chinese restaurant “Lucky Wok” in Vienna, underwent restructuring proceedings without self-administration due to financial challenges during the Covid-19 pandemic. Founded in 2009, the company employs 25 people and faced a drop in sales and cost increases that put pressure on its financial situation. However, restructuring measures have been implemented, with the company providing a 20 percent restructuring plan quota for creditors.

In terms of financial performance, SANYUAN Restaurantbetriebs GmbH reported a retained profit of EUR 1.529 million in 2022, with liabilities amounting to EUR 1.85 million. Despite these challenges, the company’s continued existence is financially secure due to restructuring measures that stabilized operations. The company has also made adjustments to pricing and food offerings to better align with market conditions and address outstanding debts through a structured repayment plan.

Overall, SANYUAN Restaurantbetriebs GmbH is working towards a sustainable future despite recent challenges it has faced.