End of the year
Viennese beer pub “Bermuda Bräu” is insolvent
The beer pub "Bermuda Bräu", located in Vienna's eponymous "Bermuda Triangle", is insolvent. The pub will therefore cease trading at the end of the year.
According to the Creditreform association, bankruptcy proceedings were opened at the commercial court on the basis of a petition filed by the company itself. The company suffered a massive drop in sales not only due to the coronavirus pandemic, but also due to a change in consumer behavior. There are no plans to continue operating the restaurant.
High rent and loss of turnover
It has been announced that eviction proceedings are already pending. The lease runs until the end of December. Due to the high rent, it is not economically viable to continue the business, even with increased sales in the run-up to Christmas.
According to the bankruptcy petition, the assets amount to EUR 804,154.83, compared to liabilities of EUR 758,299.93. The insolvency affects 24 employees.
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