Banquet Hall Seeking Loan in Singapore
Premium Singapore ballroom with restaurant and bar, hosting corporate events and upscale dining, seeks funding.
| Established | 5-10 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 1.56 million |
| Run Rate Sales | USD 1.6 million |
| EBITDA Margin | 10 - 20 % |
| Industries | Banquet Halls + 1 more |
| Locations | Singapore |
| Local Time | 1:51 PM Asia / Singapore |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
1.56 million
for
2.5%
annual interest,
1
year
(Native Currency: SGD 2,000,000)
Reason: We are seeking funding to expand our existing ballroom business and to open another restaurant under...
View More
Collateral Available: USD 0
Includes physical assets worth
USD
390 thousand
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Business Overview
- Operating a ballroom, with restaurant and bar in Singapore with a premium event space, catering to both corporate and private events.
- The outdoor event space can accommodate 120–150 guests outdoors, while the indoor setting is designed for up to 70 guests, perfect for weddings, birthday parties, and intimate gatherings.
- Features a charming colonial-inspired design, creating an elegant atmosphere for various celebrations and corporate gatherings.
- The business primarily generates revenue from the ballroom, which contributes approximately 70% of overall income, hosting about 20-25 events per month, with 99% being corporate and the remainder private functions.
- The facility also includes a restaurant and bar, capable of seating 200 guests, focusing on dine-in customers with a daily foot traffic ranging from 150 to over 200 patrons.
- Plans to expand by introducing a new Indian & Lebanese restaurant under the existing business entity, seeking to diversify the menu and attract a broader customer base.
- The hires temporary staff for events and peak times, ensuring efficient service and operations during busy periods.
- The outdoor event space can accommodate 120–150 guests outdoors, while the indoor setting is designed for up to 70 guests, perfect for weddings, birthday parties, and intimate gatherings.
- Features a charming colonial-inspired design, creating an elegant atmosphere for various celebrations and corporate gatherings.
- The business primarily generates revenue from the ballroom, which contributes approximately 70% of overall income, hosting about 20-25 events per month, with 99% being corporate and the remainder private functions.
- The facility also includes a restaurant and bar, capable of seating 200 guests, focusing on dine-in customers with a daily foot traffic ranging from 150 to over 200 patrons.
- Plans to expand by introducing a new Indian & Lebanese restaurant under the existing business entity, seeking to diversify the menu and attract a broader customer base.
- The hires temporary staff for events and peak times, ensuring efficient service and operations during busy periods.
Products & Services Overview
- Top-selling services are premium corporate ballroom event hosting, which accounts for the majority of revenue, primarily serving corporate clients for conferences, product launches, networking events, and corporate celebrations.- These events utilize the outdoor and indoor event spaces and are complemented by curated food and beverage packages.
- The restaurant and bar support this core offering by serving dine-in customers and event guests, with top-selling menu items including salmon-based dishes, cordon bleu preparations, and a range of signature cocktails, which are popular among both corporate attendees and regular patrons.
- Private customers utilize the venue for weddings, birthdays, and intimate gatherings, while daily restaurant traffic consists of local professionals and visitors.
Assets Overview
Physical assets include the ballroom and restaurant interiors, along with furniture and fixtures.
Facilities Overview
The business operates from a rented facility that includes a ballroom, restaurant, and bar within the same premises. The property features a 5,000 sq ft lawn and 2,000 sq ft of indoor space and is located in Seletar, Singapore, close to a private jet airport. Lease agreement is valid for 7 more years.
Capitalization Overview
Self-funded.No loans or external funding raised.
There is 1 owner in the business.
Tags:
Fine Dine Restaurant Seeking Loan in Singapore
·Convention Center Seeking Loan in Singapore
·Casual Restaurant Seeking Loan in Singapore
·Kalyana Mandapam Seeking Loan in Singapore
·Lend to Fine Dine Restaurant in Singapore
·Marriage Hall Seeking Loan in Singapore
·Wedding Venue Seeking Loan in Singapore
·Banquet Hall Seeking Loan in Singapore
·Lend to Convention Center in Singapore
·Lend to Casual Restaurant in Singapore
·Lend to Kalyana Mandapam in Singapore
·Restaurant Seeking Loan in Singapore
·Lend to Marriage Hall in Singapore
·Lend to Wedding Venue in Singapore
·Fine Dine Restaurant Seeking Loan
·Lend to Banquet Hall in Singapore
·Lend to Restaurant in Singapore
·Convention Center Seeking Loan
·Casual Restaurant Seeking Loan
·Kalyana Mandapam Seeking Loan
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business
4 Investors viewed this Business this week.
Register below to connect now!
- Social
- Register
- Login
Who uses SMERGERS?
... and 63,500+ other businesses of all sizes.
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
You might also be interested in these businesses