Banquet Hall Investment Opportunity in Bhubaneswar, India
Convention Center for Weddings, Training Events, Entertainment Parties, Theme based events, Competitions, etc.
Premium Plan
| Established | 10-20 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | INR 38 lakh |
| Run Rate Sales | INR 3 crore |
| EBITDA Margin | 36 % |
| Industries | Banquet Halls |
| Locations | Bhubaneswar |
| Local Time | 4:04 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Partial Stake Sale
INR
2 crore
for
20.0%
stake
(Native Currency: INR 20,000,000)
Reason: To set up 2 more venues as a first step in a similar template to create a chain of convention center...
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Includes physical assets worth
INR
1 crore
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User Verification
Documents
Master business plan
(2.4 MB)
ROC-Verification.pdf
(59.4 KB)
Business Overview
The first convention center went live earlier in 2015 in Bhubaneshwar. The plan is to set up 14 more venues around cities of Odisha rapidly to cater to a burgeoning middle class seeking classy venues for various functions which don't have to cost the earth and are easy to manage large venues. It spares customers, the burden of booking city hotels which are congested, expensive and hugely monotonous.
Our locations are such that they are easy to locate, has amazing parking facilities, can be customized to client requirements and is very flexible in terms of pricing. These convention center are modern, upmarket and are available at affordable prices. A huge investment effort is being made to create banqueting facilities and cafes along with diverse cuisine presentations to ensure greater depth and variety.
Management team of IIM graduates from IIMC and IIML with a sales team and an admin complement. Currently the company is setting up its inhouse kitchen and cafe team.
Our locations are such that they are easy to locate, has amazing parking facilities, can be customized to client requirements and is very flexible in terms of pricing. These convention center are modern, upmarket and are available at affordable prices. A huge investment effort is being made to create banqueting facilities and cafes along with diverse cuisine presentations to ensure greater depth and variety.
Management team of IIM graduates from IIMC and IIML with a sales team and an admin complement. Currently the company is setting up its inhouse kitchen and cafe team.
Products & Services Overview
Banqueting.Parties.
Cafe.
Exhibitions.
Training.
Sales meets.
Birthday events.
Theme based parties.
Competitions.
Summer camps.
Fitness camps.
Yoga studios.
Dance academies.
Facilities Overview
The first project has a 1.2 acre lease for 7 years renewable for another 7 and has lounges, lawns and provisions for a kitchen and cafe. Subsequent locations could be leased out or in a few cases on company owned land which already has been acquired.
Capitalization Overview
Not Disclosed
Recent Activity
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Earlier than 15 daysDirector, F&B, New Delhi, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysExecutive, Book Publishing, Bhubaneswar, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysExecutive Assistant, Hospitality, Mumbai, Individual Investor / Buyer connected with the Business
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