Food & Beverage Business for Sale in Madurai, India

Popular vegetarian multi-cuisine dining with catering services for families, corporate events in Madurai.
Can be converted in to Non vegetarian restaurant as well to increase 2x to 3x revenue in sales.
Can build one or more floor if the land can be owned for construction of 15-25 rooms as the area is in need of rooms with good ambience. Tangible assets include a fully equipped restaurant setup (kitchen equipment, AC, generator, complete constructed building setup and furniture) originally valued at INR 2.6 cr but the owner is offering it at a discounted price of INR 2.3cr.
The restaurant can continue operations under a new rental agreement without land purchase. However, the land (6.2 cents) and building worth INR 5 crore extra can be acquired if needed. The restaurant operates from a 5,200 sq. ft. built-up area with a seating capacity of 150. It features a modern kitchen, spacious dining, air-conditioning, and 63 kva generator. The property is on rent at INR 1,00,000 per month, situated in a G+1 building with a party hall and first-floor dining area that accommodates 70-90 guests. Single proprietorship with outstanding loans totaling INR 2.9 crore.