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Newly Established Restaurant Seeking Loan in Malé, Maldives

Seeking loan to open an Italian restaurant and bar at Maldives with 80 seating capacity.
This Business is on a Premium Plan
Established 0-1 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Restaurants
Locations  Malé
Local Time 12:26 AM Indian / Maldives
Listed By Management Member
Status Active
Overall Rating
Seeking Loan
USD 200 thousand for 10.5% annual interest, 2 years (Native Currency: MVR 3,000,000)
Reason: For the initial start-up of the restaurant for contrasting the interior, OS&E, and FF&E items, with ... View More
Collateral Available: USD 320 thousand
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Business Name
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Business Overview
- Opening an authentic Italian restaurant and bar in a world class tourist destination, which has multiple businesses such as, luxurious hotels, world-class dining, leisure, retail and entertainment centers at Male, Maldives.
- We have rented the facility but the interiors are yet to be set up.
- The restaurant will be led by an renowned Italian Chef.
- The primary 2 goals is to deliver authentic Italian cuisine and to create a unique dining experience.
- Seating capacity will be 80.
- We are projecting average monthly sales of MVR 771,000 with profit margins of 30%.
- Special features will include wine selection, live pizza station, pizza making classes, live singers, karaoke nights, pizza making classes etc.
Products & Services Overview
The restaurant will serve Italian cuisine. There will also be wine selection, live making pizza, pizza making classes and entertainment nights.
Assets Overview
The facility has been booked but no interiors or furniture is set up. The business does not have any assets.
Facilities Overview
The facility is a rented unit a world class tourist destination at Male, Maldives of which is a ground floor with indoor and outdoor seating area of 148.38sqm.
Rent is MVR 114,400 per month.
Capitalization Overview
Business will be funded by the owners.
No outstanding loans or debts.
There are currently 5 directors, with an ownership of 96% for the primary director and 1% each for the others.
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1 Investor already contacted this Business. 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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