With the takeover of the Veddeler Fischgaststätte, Mario Göttsche has secured the continued existence of a Hamburg institution. The Hamburg Start-up and Succession Loan comes into play for the financing.

Born in Berlin, she first had to learn the typical Hamburg way of doing things. During her 8 years with the company, Marion Göttsche has Veddel Fish Restaurant not only as a place to work, but also as a new home. When the restaurant opens every day at 11 a.m., people line up - some of the customers I’ve known for years,” says the future owner. The restaurant with its 1950s ambience has cult status: people from the neighbourhood, construction workers on their lunch break and suits on a stopover from two appointments are not an unusual mix at the 45 seats in the restaurant. Traditional fish dishes are served, such as the fried fish made according to an original secret recipe from the founding year 1932.

Company succession Hamburg: No funding without a business plan

It is important to me that the Veddel fish restaurant can continue to exist as it is. There is so much tradition and memory in it. Not only for me ? but also for our guests and the district,” says Göttsche.

When the owner announced his retirement, the idea of becoming a chef herself slowly matured in the mind of the long-time restaurant manager: “This phase was important for me. In addition to the emotions, there must also be a business plan and financing. The business plan was also an important basis for the financing application. Without such a business plan, the risk of failure in a bank interview is extremely high.

The Berlin-born entrepreneur financed the takeover in February 2015 through her bank with a Hamburg Start-up and Succession Loan including a default guarantee from the Bürgschaftsgemeinschaft. This programme, specially developed for founders and business successors, provides investment and working capital loans at very favourable conditions. The favourable interest rates are made possible by a subsidy from the Senate of the Hanseatic City. More information on this programme and on the documents required for the application is available at here.

Funding decision comes in a very short time

According to the IFB, a decision will be made within 4-6 weeks. The prerequisite is that all documents for applying for funding are complete.

K.E.R.N - The succession specialists are pleased that a traditional catering business has taken its first step towards a successful future and wish Marion Göttsche every success in her entrepreneurial future.