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Restaurant and Bar Seeking Loan in Chennai, India

Chennai-based concept resto bar which is yet to start is seeking a business loan.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 10 - 50
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Restaurants and Bars
Locations  Chennai
Local Time 3:42 AM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 240 thousand for 14.0% annual interest, 5 years (Native Currency: INR 20,000,000)
Reason: To start up a new business since we have business potentiality.
Collateral Available: USD 0
Interested to connect with advisors
Business Overview

- This resto bar is going to come up in Wallace Garden, Nungambakkam.

- Owner has experience in venture capital and the team has 3 years of experience in hospitality sector.

- 25 planned employees.

- Planned seating capacity will be roughly 100.

- The area has already been identified. It is a 6,000 sq. ft space.

Products & Services Overview

We are new and we have a good team.

Facilities Overview

We have looked a place in Nungambakkam Wallace garden, 2 floors 6000 sq feet.

Capitalization Overview
Not Disclosed
Recent Activity
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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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