Ice Cream Parlor Investment Opportunity in Bangalore, India
Award winning ice cream manufacturer with 20 outlets opened across 6 states seeks an investor.
This transaction has concluded.
| Established | 10-20 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 210 thousand |
| Run Rate Sales | USD 140 thousand |
| EBITDA Margin | 20 - 30 % |
| Industries | Ice Cream Parlors |
| Locations | Bangalore |
| Local Time | 9:28 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Partial Stake Sale
USD
290 thousand
for
25.0%
stake
(Native Currency: INR 25,000,000)
Reason: We want to market the brand and further develop our product portfolio. We have a high valuation expe...
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Includes physical assets worth
USD
210 thousand
Documents
Domain-Verification.pdf
(213.3 KB)
ROC-Verification.pdf
(61.0 KB)
Business Overview
- Manufacture and trade ice creams in multiple varieties. We also offer cold stone ice creams and shakes. We offer over 32 flavors and our menus are updated on a regular basis. We utilize an innovative ice cream formula in our products. The ice cream parlors also sell packaged ice cream under the company's proprietary business.
- Opened 20 ice cream parlors in over 6 states (Karnataka, Telengana, Goa, Andhra Pradesh, Tamil Nadu and Delhi). Out of these 20 parlors, 4 parlors are company owned and the remaining 16 stores are franchisees. The company charges a royalty fee of 5% to the franchise owners.
- Over 10 outlets are in the pipeline and by the end of this year, we should have over 30 outlets. We have shortlisted 9 potential states where the business could expand. We also plan on initiating a B2B vertical for our business where we intend to tie up with some organic super markets. Additionally, we have identified a larger manufacturing facility with an area of 5,000 square feet and plan on shifting by the end of the year.
- Run rate sales have dropped due to the ongoing pandemic.
- We source the milk and other raw materials for our products from 20 - 30 vendors.
- The company has been funded organically and has not taken on any debt. The revenue earned by the company is much greater than the amount displayed in its audited financial statement. The actual revenue is around INR 4 - 5 crore.
- The head office is located in Bangalore but the registered office is in Nellore, Andhra Pradesh.
- We have 10 employees in the manufacturing facility and registered office with the remaining employees managing the ice cream parlors.
- Marketing is conducted internally. To that extent, the company has 2 dedicated employees for the branding and marketing of the business. We have conducted extensive digital and social media marketing.
- We have an active Facebook page with over 42,000 likes and an Instagram page with 12,000 likes.
- Received 3 awards till date. Won a Franchise India award and start-up awards in the past.
- We have published 7 - 8 articles in various digital media publications. Have participated in 4 - 5 interviews till date.
- Promoter has over 9 years of work experience as a business developer.
- Opened 20 ice cream parlors in over 6 states (Karnataka, Telengana, Goa, Andhra Pradesh, Tamil Nadu and Delhi). Out of these 20 parlors, 4 parlors are company owned and the remaining 16 stores are franchisees. The company charges a royalty fee of 5% to the franchise owners.
- Over 10 outlets are in the pipeline and by the end of this year, we should have over 30 outlets. We have shortlisted 9 potential states where the business could expand. We also plan on initiating a B2B vertical for our business where we intend to tie up with some organic super markets. Additionally, we have identified a larger manufacturing facility with an area of 5,000 square feet and plan on shifting by the end of the year.
- Run rate sales have dropped due to the ongoing pandemic.
- We source the milk and other raw materials for our products from 20 - 30 vendors.
- The company has been funded organically and has not taken on any debt. The revenue earned by the company is much greater than the amount displayed in its audited financial statement. The actual revenue is around INR 4 - 5 crore.
- The head office is located in Bangalore but the registered office is in Nellore, Andhra Pradesh.
- We have 10 employees in the manufacturing facility and registered office with the remaining employees managing the ice cream parlors.
- Marketing is conducted internally. To that extent, the company has 2 dedicated employees for the branding and marketing of the business. We have conducted extensive digital and social media marketing.
- We have an active Facebook page with over 42,000 likes and an Instagram page with 12,000 likes.
- Received 3 awards till date. Won a Franchise India award and start-up awards in the past.
- We have published 7 - 8 articles in various digital media publications. Have participated in 4 - 5 interviews till date.
- Promoter has over 9 years of work experience as a business developer.
Products & Services Overview
We manufacture and sell organic ice creams, cold stone ice creams and shakes in over 32 flavours.
Assets Overview
The dedicated machinery present in the manufacturing facility i. e. the freezers and shakers are some of the assets owned by the business. The cold room in the manufacturing facility costs around INR 8 - 10 lakh. We also have a customizer machine costing INR 7,00,000. The machinery costs over INR 40,00,000 approximately. We also own a large Bolero truck costing INR 8,00,000.Each parlor has over 3 - 4 freezers besides a host of other equipment.
The assets are constantly updated on a regular basis.
The business also maintains a stock of around INR 10,00,000.
Facilities Overview
Manufacturing facility with an area of 2,050 square feet that has been taken on rent. Since the property is owned by the promoter's brother, we pay a discounted monthly rent of INR 6,000.Registered office with an area of INR 800 square feet. This property is taken on rent and we pay a monthly rent of INR 30,000.
The 4 retail outlets have an area of around 300 - 700 square feet depending on the area. We pay a monthly rent of INR 20,000 each approximately.
We have already paid a deposit of INR 20,00,000 across all the properties.
Capitalization Overview
Not Disclosed
Recent Activity
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Earlier than 15 daysDirector, Financial Services - Digital Banking, Bangalore, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysManaging Director, Food Processing, Bangalore, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysDirector, Education, Bangalore, Individual Investor / Buyer connected with the Business
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