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Food Delivery Business Seeking Loan in Bangalore, India

New concept restaurant and food delivery business based in Bangalore, requires investment to start operations.
This transaction has concluded.

Established 10-20 year(s)
Employees 10 - 50
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Restaurants + 1 more
Locations  Bangalore
Local Time 6:41 AM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 3.6 million for 24.0% annual interest, 3 years (Native Currency: INR 300,000,000)
Reason: To set up the rest of the food court / kitchens around Bangalore. Also, to start operations at our a... View More
Collateral Available: USD 140 thousand
Includes physical assets worth USD 30 thousand
Interested to connect with advisors
Documents
GST Certificate
Business Overview

- A food court and food delivery business based in Bangalore.

- Business is still in the pre- revenue phase and will start operations as soon as the investment is received.

- It is a new concept where we will have a food court set up that will serve a variety of cuisine such as - Chinese, Thai, Mexican, Indian, Continental, Fast food.

- Customers will be able to eat at the food court or order food through our platform.

- We have already set up our first food court and kitchen in Bangalore.

- There is a maximum capacity of 100 individuals.

- Have hired 30 individuals who will handle cooking and delivery of food.

- We are planning to set up 10 food court / kitchens each in North, South, East and South Bangalore that will deliver within a 10 Km radius.

- In the future we will also begin selling fresh cut meat on our platform.

- Business used to cater to corporate clients such as Wipro and Infosys before starting this venture.

- Owner has 38 years of experience in this industry.

Products & Services Overview

Food court and food delivery business serving - Chinese, Thai, Mexican, Indian, Continental, Fast food.

Facilities Overview

Food court / kitchen is taken on a 10 year lease and has an area of 1,300 Sq. Ft.

Capitalization Overview
Not Disclosed
Recent Activity
  • Earlier than 15 days
    Senior Consultant, Gurgaon, Financial Consultant connected with the Business
  • Earlier than 15 days
    CEO, Milan, Financial Consultant connected with the Business
  • Earlier than 15 days
    Founder & CEO, Chennai, M&A Advisor connected with the Business
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This transaction has concluded. View similar business opportunities on SMERGERS
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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