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Bar for Sale in Pune, India

Iconic live jazz cafe in Pune with a unique Persian-themed garden ambiance and strong clientele.
This transaction has concluded.
This Business is on a Premium Plan
Established 20-30 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 285 thousand
Run Rate Sales USD 340 thousand
EBITDA Margin 15 %
Industries Cafes + 1 more
Locations  Pune
Local Time 7:55 AM 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: The owners have decided to sell the business they do not have a continuity plan as the next generati... View More
Includes physical assets worth USD 114 thousand
Interested to connect with advisors
Documents
MCA ROC
The Crowd
Live Concert
TAN Number
Business Overview
1. Cafe is an established live jazz venue in Pune, India, and has been a prominent part of the city's cultural and social scene for over 20 years.
2. It has earned a reputation as one of the premier live jazz music venues in the country, contributing significantly to the cultural landscape and attracting patrons from diverse backgrounds, including expats, students, and music enthusiasts.
3. Cafe's unique selling proposition lies in its lush green garden ambiance, creating a distinctive and inviting setting for patrons to enjoy live music performances and curated Iranian specialty food. The cafe also serves beer and moctails.
4. The business model primarily relies on revenue from food and beverage sales, with a successful track record of attracting 100-200 patrons during live music nights and weekends, and up to 100 patrons on weekdays.
5. Business has received several awards, including recognition for its exceptional ambiance and live music offerings, adding to its appeal and credibility within the local community and beyond.
6. Marketing and promotion efforts are predominantly focused on social media platforms such as Instagram, extensive WhatsApp lists, and a comprehensive mailing list, reflecting a modern and targeted approach to reaching potential customers.
7. The cafe holds a valid FSSAI and a liquor license for smooth operations.
Products & Services Overview
The cafe over the past 20 years has become an iconic spot-on Pune city's Cultural as well as social map! It can easily be counted as one of the premier and rare venues of live jazz music performances in the country, suffice it to say it has earned a reputation even abroad!
Having mentioned it's rich cultural contribution and ongoing involvement on the music performances front, it's only to highlight its rich cultural and social background, which is a huge plus in any considerations regarding its viability as a successful business model.
The other salient and incredibly special factor is its ambiance and unique concept of a lush green verdant garden ambiance, situated in a prime restaurant and entertainment part of the city.
Food is another unique offering here, well curated Iranian specialties with the best ingredients sourced directly from Iran!
Al this points to a successful and proven business concept with a heart.
The director is proud of his achievements creating a space in Pune, his hometown that has become a well-known and popular spot for Puneites across a cross section of the populace, expats, yuppies, students, music lovers.
Assets Overview
Tangible assets included in the transaction are:
1. Furnitures& fixtures.
85 antique wooden chairs. 24 antique wooden marble top tables, 11 recto teak marble top tables, 10 lounging modas with Iranian soft furnishings, 22 metal n wood Fabindia chairs, granite top tables, tall bar tables with bar stools, teak trellis. Wooden woven teak partition, teak n glass room dividers, teak n glass Chinese partition, 4 glass display cabinets, teak bar counter, teak carved pillars, antique benches, Persian carpets, Turkish kilims, tall potted plants.
Antique & contemporary artifacts in display cabinets,
Framed jazz posters, big jazz mural as stage backdrop.
Foggers in the entire hall area, and fans.
2. Stage equipment:
Fender guitar amp, peavey bass amp, tama drum kit, yamaha keyboard etc.
Cadence speakers and amp.
3. Hall counters:
Cash, billing, service counters, waiter stations, waiter pads.
4. Kitchen Equipment.
Gas stoves, Ss deep freezers, fridges. Fryers, ice cream freezers as shelves, horizontal fridges, pick up counters, mechanized pulverizes, peelers, mincers.
Toasters, fryers assorted utensils for food prep,
Exhaust system, tandoors. Industrial Arro plant, IFB dishwasher.
Intangibles.
-The cafe has over the years created a loyal customer base & been one of the best venues in the country for musicians to perform at.
Over the past 20 years hosting a jazz/ blues gig every week of the highest quality and an international jazz fest every year is our highest claim to fame.
International jazz musicians that have performed include.
Huston Person, Rene Rosnes, Igor Butman, Rudresh Mahathapp, James Carter, Regina Carter, Etienne Mbappe, Steve Wilson, Chip White, Helen Sung, Saskia Laroo, Eric Trufaz, Zoe Simpson, EYM Trio, Danius Paluskas Band, Monoswezi Kefaya, Hely, Dach, Supergombo to name a few.
Top Indian jazz musicians to perform include.
Louis Banks, Karl Peters, Ranjit Barot Ehsan Noorani, Derek Julienne, Roger dragonette, Gary Lawyer, Adrian D’Souza, Sanjay Divecha, Loy Mendonsaetc.
The cafe has a team of 10 loyal staff that have been with us since the inception in 2003, and this is an invaluable asset for any establishment.
The ambience created offers a relaxed laid-back feeling amongst the verdant greenery at a covered rooftop café.
Facilities Overview
The cafe operates from a 5,000sq ft area on the second floor with lift service and ample parking space.
The owners hold a 4-year lease which can be extended.
Capitalization Overview
- Business is fully funded by the shareholders. The business currently has two shareholders with an equal share.
- no debts/liabilities.
- Business is family owned with no external investors.
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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