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Fast Food Restaurant Seeking Loan in Bhubaneswar, India

QSR running successfully in Bhubaneswar, seeking funds to open an outlet in Kolkata.

Established 5-10 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales USD 140 thousand
EBITDA Margin 20 %
Industries Fast Food Restaurants
Locations  Bhubaneswar
Local Time 1:42 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 30 thousand for 11.0% annual interest, 2 years (Native Currency: INR 2,500,000)
Reason: To enter into a formal rental agreement for 3rd outlet and start the initial construction / interior... View More
Collateral Available: USD 0
Includes physical assets worth USD 70 thousand
Documents
Business Overview

The company is successfully running 1 non-veg QSR in Bhubaneswar, and is in the process of starting a 2nd outlet in Kolkata. However, we are seeking funds to start our 3rd outlet in Kolkata. The company was registered last year, and we started operations this year.

1st outlet: This Bhubaneswar outlet is running well with 70 seats, serving veg & non-veg fast foods. We have tie-ups with Swiggy and Zomato. On a daily basis, we serve 200+ customers. Generate 50% revenue from online orders and rest 50% from dine-in customers.

2nd outlet: The 2nd outlet is located inside a mall in Kolkata and we have completed 50% of interior construction work. This will be purely a takeaway outlet.

3rd outlet: Seeking funds for our 3rd outlet only. This outlet will also be inside a mall in Kolkata but at a different location compared to our 2nd outlet. We have finalized the space but are yet to enter into a formal rental agreement with the mall owner. This outlet will have 20+ seats and takeaway facility.

Physical assets owned by the business include furniture and kitchen equipment at 1st outlet in Bhubaneswar.

Products & Services Overview

Serves both veg & non-veg food. The food items include burgers, fries, subs and wings.

Facilities Overview

1st outlet: It is a standalone outlet of 1,600 sq ft on rent.

2nd outlet: It is a 350 sq ft space inside a mall on rent.

3rd outlet: It will be a 650 sq ft area, inside a mall. We are yet to enter into a rent agreement.

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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