Bar for Sale in Bangalore, India
For Sale: New Upscale Restaurant With Rooftop In Koramangala, Bangalore
This transaction has concluded.
Premium Plan
| Established | 10-20 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | USD 114 thousand |
| EBITDA Margin | 20 % |
| Industries | Bars + 1 more |
| Locations | Bengaluru |
| Local Time | 9:58 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
50 thousand
(Native Currency: INR 4,400,000)
Reason: Two of the company directors could not generate enough fund for full liquor CL9 license and hence lo...
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Interested to connect with advisors
Business Overview
Brand new restaurant with 60 covers and a rooftop party area with 80 covers in a posh Bangalore neighbourhood available at a very low price
To establish a new setup like this, one would spend atleast 75-80 lakhs which is the capital investment from current owner
Wine license is included in the asking price, owner can easily assist buyer to get RVB/CL9 license
Functional bar layout, Aesthetically designed Rooftop, Fully air-conditioned, CCTVs, Denon & Polk audio Music systems
Full suite restaurant management software, kitchen equipment & range, utensils & crockery, Coffee makers, TV, Refrigeration, etc
Clean and registered Pvt Ltd company with 0 liabilities and all the necessary licenses for the business have been acquired
Best lease terms with rentals at half the cost of market, which will continue to benefit the buyer
Owner can handhold buyer to recruit senior manager with significant industry experience to run and mange the operations
There are no rooftop pubs in the neighbourhood.
To establish a new setup like this, one would spend atleast 75-80 lakhs which is the capital investment from current owner
Wine license is included in the asking price, owner can easily assist buyer to get RVB/CL9 license
Functional bar layout, Aesthetically designed Rooftop, Fully air-conditioned, CCTVs, Denon & Polk audio Music systems
Full suite restaurant management software, kitchen equipment & range, utensils & crockery, Coffee makers, TV, Refrigeration, etc
Clean and registered Pvt Ltd company with 0 liabilities and all the necessary licenses for the business have been acquired
Best lease terms with rentals at half the cost of market, which will continue to benefit the buyer
Owner can handhold buyer to recruit senior manager with significant industry experience to run and mange the operations
There are no rooftop pubs in the neighbourhood.
Products & Services Overview
Serves a Full Fusion Buffet Spread, Continental, Pan Asian and Multi cuisine food.
Facilities Overview
Total area of 3000 sq/ft spread in two floors including the rooftop and rental of 64,200 p.m & deposit of 6 lac advance included in the asking price. The premise is a 3,000 sq.ft space and effective rent is approx 21.50/sq.ft compared to standard rates of 55-60/sq.ft in the area.
Capitalization Overview
Not Disclosed
Recent Activity
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Earlier than 15 daysDirector, Restaurants, India, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysManaging Director, FMCG, Bengaluru, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysChairman, Angel Group, Bengaluru, Individual Investor / Buyer connected with the Business
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