They invested a million shekels in a chef restaurant on Rothschild and entered a spiral

The Avidan Group, which operates veteran restaurants and bars in the Gush Dan area, filed a request for a stay of proceedings in court this week due to debts of about 14 million shekels. The hardest blow, according to the article, came from a chef restaurant on Rothschild Boulevard in Tel Aviv, which opened with an investment of about one million shekels and closed with the outbreak of Operation 'Roar of the Lion', causing a total loss of about 2.5 million shekels.

The Avidan Group, which operates iconic restaurants and bars in the Gush Dan area, filed a request for a stay of proceedings in court this week against the backdrop of debts of about 14 million shekels. The group, owned by the brothers Idan, Raz, and Mor Avidan, employs about 250 employees and its revenues in 2025 amounted to about 40 million shekels. The request comes after operations were repeatedly hit by external events: the coronavirus, the attacks on Dizengoff, the 'Iron Swords' war, and Operation 'Roar of the Lion'. The hardest blow, according to the article, came from a chef restaurant on Rothschild Boulevard in Tel Aviv, which opened in 2025 with an investment of about one million shekels, closed with the outbreak of 'Roar of the Lion', and failed to recover. The losses in this venture amounted to about 2.5 million shekels. The immediate trigger for the court filing was a delay in credit receipts of over 600,000 shekels by Max. The court granted a temporary order for a stay of proceedings and appointed a settlement administrator. The companies claim that this is a 'cash flow difficulty' and not a failure of the business model.