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Newly Established Restaurant Seeking Loan in Gregory Town, Bahamas

Restaurant business in Gregory Town seeks funding to enhance its menu and attract more customers.

Established 0-1 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 40 - 50 thousand
Run Rate Sales USD 50 thousand
EBITDA Margin 0 - 10 %
Industries Restaurants
Locations  Gregory Town
Local Time 5:43 PM America / Nassau
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 25 thousand for 8.0% annual interest, 2 years (Native Currency: BSD 25,000)
Reason: The business’s growth has been progressing at a slower pace due to reliance on personal funding. Add... View More
Collateral Available: USD 0
Includes physical assets worth USD 25 thousand
Interested to connect with advisors
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Business Name
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Business Overview
- Located in Gregory Town, our restaurant is a vibrant Bahamian food brand designed to attract both locals and tourists.
- We offer a menu featuring Gordon gin, solicited vodka, Hennessy, red wine, various shots, as well as soft drinks and energy drinks.
- Our food offerings include popular items such as chicken-based snacks, grouper fingers, and hearty dinners, appealing to diverse tastes.
- With a seating capacity of 52, our indoor dining area provides a comfortable ambiance for customers, ensuring an enjoyable dining experience.
- We currently accommodate walk-in customers but plan to introduce a reservation system for dinner, with a BSD 50 booking fee.
- Our establishment has garnered a growing local clientele and receives about 30-50 daily visitors, including a steady influx of tourists due to our strategic location on a busy highway.
- We aim for future expansion through additional outlets, catering to fast food dining needs across North Eleuthera, Central Eleuthera, South Eleuthera, and Nassau.
- Active live entertainment is an integral part of our concept, enhancing the dining experience and attracting more patrons.
- Operates with a valid business license.
Products & Services Overview
The business’s top-selling products include premium beverages such as Gordon's gin, solicit vodka, Hennessy, red wine, shots, soft drinks, and energy drinks, along with popular food items like chicken-based snacks, grouper fingers, and full dinners. These are primarily enjoyed by local patrons and visitors who frequent the establishment for social gatherings, dining, and entertainment. The venue attracts customers seeking a relaxed atmosphere to unwind with quality drinks, enjoy freshly prepared meals, and experience live entertainment or social events.
Assets Overview
Tangible assets include:
- 2 deep fryers.
- 2 refrigerators.
- 2 ice makers.
- 1 wine cooler.
- 1 stove.
- 1 entertainment system.
- 4'50" flat screen.
- Furniture and fixtures.
Facilities Overview
The business operates from a rented concrete structure that includes an indoor bar, a large dining room, a lounge area, a stage area, and two bathrooms (two female booths and one male booth). It also features a fully functional kitchen. Additionally, an outdoor dining area is under construction and not yet accessible to the public.
Capitalization Overview
Currently the business is funded by promoter from savings, and has no debts/loans outstanding.
No external shareholders currently.
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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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