Banquet Hall Seeking Loan in Bangalore, India
Event venue with 8 acres of land in Bangalore needs funds to develop six acres.
| Established | 5-10 year(s) |
| Employees | 5 - 10 |
| Legal Entity | General Partnership |
| Reported Sales | USD 108 thousand |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Banquet Halls |
| Locations | Bengaluru |
| Local Time | 4:28 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
215 thousand
for
15.0%
annual interest,
5
years
(Native Currency: INR 20,000,000)
Reason: - Shortage of funds to construct venue so we need additional capital to complete the work.
- Revenu...
View More
Collateral Available: USD 1.08 million
Includes physical assets worth
USD
9.7 million
Interested to connect with advisors
Documents
Encumbrance Certificate
(1.7 MB)
Security Bill
(97.8 KB)
Business Overview
- Large property located in Electronic City, Bangalore to organize all kinds of events like corporate events, weddings.
- Total area of the land is 8 acres. We have already developed one value on 2 acres and plan to develop 3 more venues on the remaining 6 acres.
- The venue falls under the PRR proposed plan and the work will start soon.
- Before the pandemic, we used to organize 10-12 events per year.
- Property is close to the main road with easy access.
- We have stopped accepting bookings due to the recent lockdown and restrictions.
- Total area of the land is 8 acres. We have already developed one value on 2 acres and plan to develop 3 more venues on the remaining 6 acres.
- The venue falls under the PRR proposed plan and the work will start soon.
- Before the pandemic, we used to organize 10-12 events per year.
- Property is close to the main road with easy access.
- We have stopped accepting bookings due to the recent lockdown and restrictions.
Products & Services Overview
Venue offers ample space with electricity and water for weddings, functions, events, parties.
Assets Overview
Business owns 8 acres of converted land which is valued at INR 90 crores.
Facilities Overview
- 8 acres of land with 40,000 sq ft of lawn for weddings, functions, events, and parties.- In the process to develop the remaining 6 acres to create 3 more venues.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysManaging Partner, Warehousing Activities, Bengaluru, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysCEO, Chennai, Financial Consultant connected with the Business
Tags:
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·Wedding Venue Seeking Loan in Bangalore, India
·Banquet Hall Seeking Loan in Bangalore, India
·Lend to Convention Center in Bangalore, India
·Lend to Kalyana Mandapam in Bangalore, India
·Convention Center Seeking Loan in Bengaluru
·Kalyana Mandapam Seeking Loan in Bengaluru
·Lend to Marriage Hall in Bangalore, India
·Lend to Wedding Venue in Bangalore, India
·Lend to Banquet Hall in Bangalore, India
·Marriage Hall Seeking Loan in Bengaluru
·Wedding Venue Seeking Loan in Bengaluru
·Banquet Hall Seeking Loan in Bengaluru
·Lend to Convention Center in Bengaluru
·Lend to Kalyana Mandapam in Bengaluru
·Lend to Marriage Hall in Bengaluru
·Lend to Wedding Venue in Bengaluru
·Lend to Banquet Hall in Bengaluru
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