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Newly Established Hotel Seeking Loan in Visakhapatnam, India

Hotel that will offer Andhra food, a banquet hall, and luxury rooms seeks debt financing.
This Business is on a Premium Plan
Established 0-1 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 12:28 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 720 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... View More
Collateral Available: USD 0
Includes physical assets worth USD 870 thousand
Interested to connect with advisors
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Business Name
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Documents
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.
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
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Contact Business
3 Investors contacted this Business this month. Register below to connect now!
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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