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Restaurant Seeking Loan in Bangalore, India

Authentic Andhra restaurant seeks funds to setup 3-4 cloud kitchens.
This transaction has concluded.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 10 - 50
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 60 - 70 thousand
Run Rate Sales USD 90 thousand
EBITDA Margin 30 - 40 %
Industries Restaurants
Locations  Bangalore
Local Time 7:00 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 18 thousand for 12.0% annual interest, 3 years (Native Currency: INR 1,500,000)
Reason: Need funds to set-up 4 new cloud kitchen brands and to set-up the central kitchen in our existing fa... View More
Collateral Available: USD 0
Includes physical assets worth USD 30 thousand
Documents
GST Certificate
FSSAI Certificate
FSSAI License
Business Overview

- Andhra style food restaurant located in a prime commercial area in Bangalore behind ecopspace IT park, near marthahalli.

- Have seating capacity for 20 customers.

- We have seen great growth, and our monthly revenue was around INR 11 lakh pre-lockdown. Currently, our online orders have started to rise.

- Partnered with Swiggy and Zomato for food delivery and have a good customer base. Have a rating of 4.1/5 on Zomato and 4.3/5 on Swiggy.

- Revenue break-up pre-covid: Food delivery: 40%, dining: 60%

- With the increasing demand for food delivery orders, we plan to set up up to 4 new cloud kitchen brands that specialize in different cuisines.

- To facilitate this expansion, we plan to utilize the existing space in our hotel facility to set up the central kitchen to have 3-4 cloud kitchen brands and generate more business.

Products & Services Overview

Food served of Andhra style which has a high demand in this area.

Assets Overview

Restaurant kitchen equipment including 3 chimney, 3 refrigerators and storage place.

Facilities Overview

Leased 1,000 sq. ft. facility and have good parking space with good passing crowd.

Capitalization Overview
Not Disclosed
Recent Activity
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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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