COVID-19 causes restaurant owners to sell their businesses

Hundreds of gastro facilities are being advertised on real estate websites.

Illustratory stock photoIllustratory stock photo (Source: TASR)

If you have ever walked down from the Old Bridge in Bratislava to Tyrš Waterfront, you could not miss the Mýtny domček (Toll House) restaurant. It has attracted guests since 2006. Today it is still attracting people but they are a little more solvent than the normal customers as the restaurant is to be transferred to a new owner.

"The fully furnished restaurant, including a kitchen and two well-equipped bars, all permits and complete documentation, is to be ceded to a new owner," an advert says on several real estate websites.

The gastro sector is a business with low margins, with entrepreneurs being unable to create reserves.

Marek Harbuľák, Association of Hotels and Restaurants of Slovakia

Finding such an advertisement nowadays is not at all strenuous. Today, real estate websites offer hundreds of advertisements that have restaurants, pubs, and cafes for sale. For example, the Nehnutelnosti.sk website has more than 250 registered.

The rest of this article is premium content at Spectator.sk
Subscribe now for full access

I already have subscription - Sign in

Subscription provides you with:
  • Immediate access to all locked articles (premium content) on Spectator.sk
  • Special weekly news summary + an audio recording with a weekly news summary to listen to at your convenience (received on a weekly basis directly to your e-mail)
  • PDF version of the latest issue of our newspaper, The Slovak Spectator, emailed directly to you
  • Access to all premium content on Sme.sk and Korzar.sk

Top stories

Oli Džupinková and her book

With her mom’s recipes, popular radio host taught Slovaks to cook Rusyn meals

Regional meals succeeded beyond community, beyond Slovakia’s borders.


21 h
Illustrative stock photo

Third doses administered in Slovakia but not for everyone at the moment

Six months must pass from the administration of the second dose, people with immunity problems an exception.


4 h

Thumbelina and Ugly Duckling, soon to be read by Rusyns in their native language

An architect decided to make a book translation and collected money via crowdfunding.


23 h
Skryť Close ad