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Catering Business Seeking Loan in Port of Spain, Trinidad and Tobago

Profitable restaurant with good service and ideal location is seeking funds to expand the business.

Established 1-5 year(s)
Employees 2 - 5
Legal Entity General Partnership
Reported Sales USD 32 thousand
Run Rate Sales USD 20 thousand
EBITDA Margin 40 %
Industries Fast Food Restaurants + 1 more
Locations  Port of Spain
Local Time 10:36 AM America / Port of Spain
Listed By Business Owner / Director
Status Recently Active
Overall Rating
Seeking Loan
USD 22 thousand for 15.0% annual interest, 3 years (Native Currency: TTD 150,000)
Reason: The business requires funds to add more locations.
Collateral Available: USD 440
Includes physical assets worth USD 15 thousand
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Business Overview

- Restaurant and catering business based in Port of Spain.

- We are currently doing 20-30 lunches a day and can do so much more once we receive funds, on-board an investor, or enter into a partnership.

- People are talking about how great the food is and the service we offer, and it's growing every day. The business location is ideal with over 500,000 commuters passing on a daily basis, coming on-board our business will be a big win for all parties.

- We advertise through social media and word of mouth.

- Right now most clients come for dine-in but catering contracts bring in a lot of revenue.

- We want to expand our dine-in ops to get famous and acquire catering contracts to ensure a good cash flow.

- The spread of Covid led to an overall trend of customers not eating out, a fall in tourists and catering contracts which hugely impacted our revenues.

Products & Services Overview

We cook Jamaican, Caribbean, Creole, and international cuisines; we do pastries as well and are looking to do much more.

We deliver the food to our customers as well.

Assets Overview

2 fridges, 2 freezers, a warmer, 2 jerk pans, numerous pots and pans.

The owner owns half of the building they are renting.

Facilities Overview

Rented single-floor premises, recently renovated, and we added a jerk center and an outside shed to it. So, it's now two kitchens, a service area, and a prep area.

The premises can accommodate 6-8 working staff and almost 50 customers.

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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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