Bar Investment Opportunity in Hyderabad, India
Established | 5-10 year(s) |
Employees | 10 - 50 |
Legal Entity | General Partnership |
Reported Sales | USD 570 thousand |
Run Rate Sales | Nil |
EBITDA Margin | 20 - 30 % |
Industries | Restaurants + 1 more |
Locations | Hyderabad |
Local Time | 2:35 AM Asia / Kolkata |
Listed By | Business Owner / Director |
Status | Moderately Active |
- We are temporarily shut during the pandemic.
- Restaurant is located in a very busy/commercial area.
- Target the budget-friendly market with happy hours offerings on weekdays. We are undergoing renovations so that we can target a higher income market. Over 60% of the work has been already completed (Expanding the floor and seating capacity).
- The restaurant has been listed on print media through magazine articles.
- Prior to the pandemic, we had a weekday occupancy of 50%-60%, 100% occupancy on Fridays and Saturdays and 70%-80% occupancy on Sundays.
- Considered among the top 10 bars in the city with an average rating of 4.3 stars across major social media platforms like Zomato.
- We have 10 - 12 kitchen staff and 10 - 15 employees on a contract basis (Drivers, Housekeeping & Bouncers)
- Have some corporate tie ups with major IT companies for their team outings.
- We have 2 inhouse DJs and host regular night club events like Bollywood Night and Hip-Hop Night.
- Promoter has experience in this particular segment for the past 8+ years and owns other restaurants and bars.
- We stand out as one of the famous budget friendly bars in the city with a good event line-up having famous artists performing on all the days of a week.
We have 2 floors totally with three different sections including an open to sky dance floor.
We pay INR 2.5 lakh/monthly for rent & maintenance and have already paid 6 months advance to the builder.
Property is leased out for 10 years since 2015 and is registered.