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Restaurant Seeking Loan in Dubai, United Arab Emirates

Starting an authentic Asian restaurant, approvals and leased facility are already in place.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 10 - 50
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Restaurants
Locations  Dubai
Local Time 8:44 AM Asia / Dubai
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 100 thousand for 35.0% annual interest, 3 years (Native Currency: AED 350,000)
Reason: The funds will be used to set up the interiors and hire around 11 - 12 staff members.
Collateral Available: USD 70 thousand
Includes physical assets worth USD 70 thousand
Interested to connect with advisors
Name, Phone, Email
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Business Name
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User Verification
Documents
Trade Licence
Tenancy Contract
Layout Plan
Business Overview

- Intend to set up a restaurant and cafe serving authentic Nepalese, Tibetan, Chinese & Indian cuisine.

- We have already secured all the requisite Government approvals and have leased a 1,100 sq. ft. facility and are in the process of setting it up.

- The facility has 864 sq. ft. of indoor air-conditioned space and 236 sq. ft. (22 sq. m. ) of outdoor space.

- The planned seating capacity is 28 pax indoor and 24 pax outdoor.

- We expect commercial operations to begin within 2 months of securing capital.

- Promoter has nearly 20 years of industry experience.

Products & Services Overview

Restaurant and cafe that plans to serve veg and non-veg cuisine.

Facilities Overview

Leased space of 1,100 sq. ft. (864 sq. ft. of indoor air-conditioned space and 236 sq. ft. (22 sq. m. ) of outdoor space) Annual lease rent of AED 183,000. We have signed a lease agreement for 3 years.

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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