Ze Sushi Restaurant Group Seeks Debt Restructuring Amid ₪19 Million Debt
Translated & summarized from Calcalist by baba
The Ze Sushi restaurant group has requested a temporary stay of proceedings from the Tel Aviv District Court to restructure debts totaling approximately 19 million shekels. The group attributes its cash flow crisis to a partner's alleged default, losses from a failed venture, and the war's impact on the industry. Despite the debt, the two Tel Aviv restaurants remain operational and profitable at their core. The company seeks to negotiate a debt settlement while preserving over 50 jobs and continuing operations, with a significant portion of revenue generated through the Wolt delivery platform.
The story in 6 lines · by baba
- Ze Sushi restaurant group seeks court protection from creditors due to 19 million shekel debt.
- The group operates two Tel Aviv restaurants and virtual brands on the Wolt platform.
- Controlling owners Eve Gabriel and Inbar Zaruk have personally invested millions.
- The crisis is blamed on a partner's alleged default and a failed restaurant venture.
- The company claims core operations are profitable and aims to preserve over 50 jobs.
- Ze Sushi generated 71% of its 2025 revenue, over 10 million shekels, through Wolt.
The veteran sushi restaurant group Ze Sushi, operating in Tel Aviv since 2006, has filed an urgent request with the Tel Aviv District Court for a temporary stay of proceedings to formulate a debt settlement plan. The group is facing total debts of approximately 19 million shekels. Despite these financial difficulties, the two Tel Aviv restaurants continue to operate normally. The application was submitted by three companies within the group: Ze Sushi, Euro Terminal, and Ze Sushi Tel Aviv Group.
Of the total debt, 9.32 million shekels is secured debt to a lender, for which the controlling owners, Eve Gabriel and Inbar Zaruk, have pledged their residence as collateral. The Ze Sushi company operates the group's flagship restaurant in the Basel complex, which has been running for 20 years and holds the registered trademark ZE SUSHI until 2034. Euro Terminal operates another restaurant in the WE building and also manages four virtual brands, Food Terminal, Vong, Ze Sushi, and Pick a Poke, on the Wolt platform. This "ghost kitchen" model allows for expanded product offerings and order volume without additional overhead.
The group asserts that its core restaurant operations are profitable and that the request aims to achieve business recovery under a supervisor's guidance, preserving over 50 jobs. According to the filing, the recent cash flow crisis stems from a combination of factors, including a partner's alleged failure to meet financial commitments and significant losses from a failed restaurant venture. The ongoing war's impact on the restaurant industry and rising financing costs have exacerbated the situation.
The owners, Eve Gabriel and Inbar Zaruk, have personally injected millions of shekels into the companies. They argue that the businesses are not in collapse, with ongoing operations, a strong brand, and consistent revenue. The primary issue is a cash flow and debt structure problem preventing them from meeting current obligations while funding daily operations. They believe a supervised debt settlement offers a real chance for recovery and significant repayment to creditors.
Employee salaries were reportedly paid in full through September 2026, though there are outstanding debts for pension and provident fund contributions. The group's aggregate revenue in 2025 exceeded 35 million shekels, with both Ze Sushi and Euro Terminal consistently profitable operationally. Monthly order volume averages 2.5 million shekels, with a significant portion coming from deliveries, primarily via Wolt. In 2025, 71% of Ze Sushi's revenue, approximately 10.3 million shekels, was generated through Wolt.
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