Hotel Seeking Loan in Visakhapatnam, India
Hotel that will offer Andhra food, a banquet hall, and luxury rooms seeks debt financing.
Premium Plan
| Established | 1-5 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Hotels |
| Locations | Visakhapatnam |
| Local Time | 2:53 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
670 thousand
for
10.0%
annual interest,
1
year
(Native Currency: INR 60,000,000)
Reason: The owner is seeking a loan to finish up the pending work of the hotel and for marketing and other p...
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Collateral Available: USD 0
Includes physical assets worth
USD
810 thousand
Interested to connect with advisors
Name, Phone, Email
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Business Name
Available after connect
User Verification
Documents
Finished 3D render of the building
(43.8 KB)
ROC-Verification.pdf
(65.7 KB)
Business Overview
- The business operates in the hotels and banquet halls industry in Seela, offering authentic Andhra style food, banquet hall facilities, and luxury rooms.
- The business is registered in Visakhapatnam, and will be operational in Seela.
- The business currently has 20 employees allocated for operations, cleaning, and cooking, indicating an established operational framework.
- The business model follows a QRS structure and incorporates innovative ideas, aiming to enhance women's empowerment.
- The cafe operates on a self-service model, potentially catering to the growing demand for self-service dining experiences.
- The business has partnered with a Bangalore-based company to provide eco-friendly cutlery, demonstrating a commitment to sustainability and environmental consciousness.
- With a focus on hosting weddings and parties, the business offers ample space for such occasions, potentially appealing to the events and celebrations market.
- The business has all necessary documents available, suggesting a streamlined and organized approach to compliance and regulatory requirements.
- The business is registered in Visakhapatnam, and will be operational in Seela.
- The business currently has 20 employees allocated for operations, cleaning, and cooking, indicating an established operational framework.
- The business model follows a QRS structure and incorporates innovative ideas, aiming to enhance women's empowerment.
- The cafe operates on a self-service model, potentially catering to the growing demand for self-service dining experiences.
- The business has partnered with a Bangalore-based company to provide eco-friendly cutlery, demonstrating a commitment to sustainability and environmental consciousness.
- With a focus on hosting weddings and parties, the business offers ample space for such occasions, potentially appealing to the events and celebrations market.
- The business has all necessary documents available, suggesting a streamlined and organized approach to compliance and regulatory requirements.
Products & Services Overview
Our top services will include:1. Authentic Andhra style food.
2. Banquet hall for all your occasions.
3. Luxury rooms.
Assets Overview
The tangible assets include the open kitchen set up and equipment worth INR 75 lakh, complete design and interiors worth INR 4 Cr, and furniture set up worth INR 2.5 Cr.
Facilities Overview
The business will operate from a 4-floor building with each floor of about 4,200 sqft.The building will be divided into a cafe, hotel rooms, and a banquet hall.
The building has already been rented, and the work is going to be finished before the launch in 2-3 months.
Capitalization Overview
The business is currently self funded without any loans.Currently looking to take a loan for the start up brand.
Recent Activity
-
Earlier than 15 daysDirector, Stock Broking, Gurgaon, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysRM- SME, SBI (State Bank of India), Visakhapatnam, Bank connected with the Business
-
Earlier than 15 daysAssociate Vice President, Hospitality, Mumbai, Corporate Investor / Buyer connected with the Business
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