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Bar for Sale in Bangalore, India

For Sale: Well established resto-bar located near MG road, Bangalore currently serving 400 customers daily.
This transaction has concluded.

Established 20-30 year(s)
Employees 10 - 50
Legal Entity General Partnership
Reported Sales USD 400 thousand
Run Rate Sales USD 500 thousand
EBITDA Margin 20 %
Industries Restaurants + 1 more
Locations  Bangalore
Local Time 2:10 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 400 thousand (Native Currency: INR 35,000,000)
Reason: Retiring from the business.
Includes physical assets worth USD 90 thousand
Business Overview

- We are a restaurant with an attached bar located at close to MG Road in Bangalore. There is a also popular mall near by.

- The resto-bar has multi cuisine kitchen serving Indian and Chinese veg and non-veg food, a full fledged bar and a separate Gents and Ladies Toilet.

- We own the CL9 license from Excise department. This license will have to be renewed every year by paying a renewal fee.

- The resto-bar is spread on 2 floors with fine-dine and Lounge.

- We serve 400 customers on a daily basis.

- It has a seating capacity of 350 people with separate smoking and non-smoking sections complemented by great ambiance and a rustic environment.

- Courteous and trained staff and a wide variety of cuisines.

- Our restaurant has 10 vendors who supply us the food items and alcohol.

- We have good reviews on Google with users rating us 4 / 5 stars.

Products & Services Overview

Multi-cuisines and specialized in Indian, Chinese & Andhra Cuisine. Full functioning bar.

Facilities Overview

The restaurant has a built up area of 8,750 Sq. Ft. with an additional 1,750 Sq. Ft. of extra space available which can be added to the restaurant. This property is on rent. Its on the 1st & 2nd Floor.

Rent is Rs. 3,00,000 and refundable advance of Rs. 50,00,000 included in the sale proceeds.

Capitalization Overview
Not Disclosed
Recent Activity
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This transaction has concluded. View similar business opportunities on SMERGERS
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.

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