One of the most famous cafes (and restaurants) of Budapest, Gerbeaud is in business from 1858. It is offers delicious cakes for all tastes (including legendary Esterházy and Sacher). The location makes it too touristy (and pricey) though.
Gerbeaud now is not only a confectionary, but also a restaurant and a pub with live traditional music and folklore shows.

V. Vörösmarty tér 7

Tel: 429 9000

Open:
Mon-Sun 09:00-21:00