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Restaurant chain Sausalitos is bankrupt-investor wanted
Many pubs and restaurants have been fighting for survival since Corona pandemic. Now it has caught Sausalitos – the company had to register bankruptcy.
The Sausalitos restaurant chain is in financial difficulties. As can be seen from a decision by the Munich District Court, Sausalitos has made insolvency applications for the Sausalitos Holding GmbH, Sausalitos Heumarkt 67 GmbH, Sausalitos Aachen GmbH and Sausalitos Norddeutschland GmbH.
Sausalitos mentions the effects of corona pandemic as the reason for the problems. Since then, customer behavior has changed that the number of guests has decreased. Income and profitability of the group have decreased, according to Sausalitos, also due to the tense economic situation in Germany.
40 Sausalitos locations are affected
According to the company, lawyer Michael Schuster was appointed preliminary insolvency administrator by the Jaffé law firm. “Our goal is to continue operating and find an investor for Sausalitos as a system catering concept,” said Schuster.
The approximately 40 locations of the companies affected by the bankruptcy should remain open to the guests. Other locations operated by franchisees are not directly affected by the bankruptcy proceedings.
Sausalitos claims to be a German restaurant chain that offers food and drinks from Mexican-American cuisine. The first restaurant was opened in Ingolstadt in 1994.
Dpa
tiss
Source: Stern
