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Bar for Sale in Mumbai, India

For Sale: Non-operational casual dining resto-bar at a prime location in Mumbai.

Established 5-10 year(s)
Employees 2 - 5
Legal Entity General Partnership
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Restaurants + 1 more
Locations  Mumbai
Local Time 7:24 AM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Full Sale
Asking Price: USD 300 thousand (Native Currency: INR 25,000,000)
Reason: Promoter does not have family who can assist him with running the business.
Includes physical assets worth USD 300 thousand
Interested to connect with advisors
Documents
GST Certificate
Business Overview

- Non-operational restro-bar with heritage style interiors at a prime location in Mumbai.

- Have a dining capacity of 128 guests, bar space, and a DJ console.

- Suspended services 1 year back due to the Covid induced lockdown.

- Average monthly sales of INR 45 lakh before Covid induced lockdown.

- We had a footfall of around 80 - 100 pax and a total of 32 employees.

- Used to serve veg and non-veg multi-cuisine dishes.

- Had DJ and karaoke nights 2 days a week.

- The alcohol license was leased from the building owner and is not included in the sale price.

- The building owner is open to leasing the license to the new buyer.

Products & Services Overview

Indian, continental & oriental food with well-stocked bar & cocktails. DJ nights and karaoke nights.

Assets Overview

Legal entity, rental deposit, kitchen equipments, interiors, furniture, air conditioners, liquor stock, office furniture and equipment, POS system, desktops, and music system.

Facilities Overview

We have rented a built-up area of 4,000 sqft. which has a spacious bar, DJ console, and 1,000 sqft kitchen with all types of equipment. We have 6 years period of the rental agreement left. We were paying a rent of INR 10 lakhs before the lockdown. The rent could be negotiated down to INR 6 - 7 lakhs once reopened. We have a rental deposit of INR 60 lakhs which is included in the price.

Capitalization Overview
Not Disclosed
Recent Activity
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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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