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Fast Food Restaurant Seeking Loan in Maldives

QSR operating successfully with 1 outlet, seeking funds to open another outlet in Malé.

Established 5-10 year(s)
Employees 10 - 50
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 180 thousand
Run Rate Sales USD 183 thousand
EBITDA Margin 25 %
Industries Fast Food Restaurants
Locations Maldives
Local Time 3:21 AM Indian / Maldives
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 65 thousand for 18.0% annual interest, 5 years (Native Currency: MVR 1,000,920)
Reason: Open an outlet in Malé.
Collateral Available: USD 13 thousand
Includes physical assets worth USD 32.5 thousand
Name, Phone, Email
Not disclosed
Business Name
Not disclosed
User Verification
Documents
GST Certificate
Business Overview
Successfully running QSR restaurant serving rice, noodles and varieties of submarine & burgers, is seeking funds to start 2nd outlet in the capital city in Malé. Our current outlet is located in one of the atoll in Maldives. We plan to start the 2nd outlet in Malé.
Current outlet: It is spread on 2 floors with total seating capacity for 89 customers. The outlet has complete indoor seating arrangements along with a small facility for kids entertainment. The restaurant is popular amongst the tourist and locals. Have 1,200+ likes & followers on Facebook.
Proposed outlet: The proposed outlet will be in the capital city in Malé which will have both indoor and outdoor seating facility along with a small kids entertainment section. We are yet to finalize the location.
Business owned assets include kitchen equipment and furniture owned at our current outlet.
Products & Services Overview
Serves rice, noodles, kothu, pasta along with varieties of submarine, burger and crispy fried chicken. These items are very popular among the current customer base and therefore we wish to put more emphasis on these products when we open a branch in Malé.
Facilities Overview
Current outlet - It is spread on 2 floors with total carpet area of 4,000 sq ft. The facility is on rent.
Proposed outlet - We are yet to finalize the location. It will be also taken on lease.
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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