Newly Established Restaurant Seeking Loan in Pune, India

Newly established multi-cuisine restaurant serving molecular gastronomy food located in a prime area seeking a business loan.

Established 0-1 year(s)
Employees 10 - 50
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Restaurants
Locations  Pune
Local Time 2:37 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 40 thousand for 12.0% annual interest, 3 years (Native Currency: INR 3,000,000)
Reason: Require funding for working capital. Also desire a change of location for the restaurant. Promoter ... View More
Collateral Available: USD 40 thousand
Includes physical assets worth USD 80 thousand
Interested to connect with advisors
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Business Name
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Business Overview

- We offer multi-cuisine (South Indian, Italian, Continental), molecular gastronomy and we have a menu centered on the theme of healthy food.

- Our restaurant has a maximum seating capacity of 70 people. The restaurant was open for one month prior to the imposition of the lock-down. During that month, the business had sales of INR 1,12,000. We also took 4 booking orders out of which 2 were for birthdays, 1 was for a wedding and 1 was for a corporate party.

- The restaurant is currently shut due to the COVID 19 pandemic. However, the restaurant was open for delivery on Zomato and Swiggy for 15 days of the previous month. We earned approximately INR 10,000 - INR 12,000 during that period.

- Our restaurant has primarily invested into movable furniture for instance: our tables, lighting and panels are all movable.

- Promoter is willing to offer their movable furniture as collateral for the loan.

- Business has already received an investment of INR 15,00,000 from other investors.

- We have applied for an alcohol license. Our restaurant has received a government permit to serve molecular gastronomy food.

- Our restaurant has hired 4 chefs which includes 1 head chef, 2 sous chefs and 1 tandoor chef. We also have 7-8 waiters and 4 staff members for maintenance.

- Our restaurant has a special lighting system that changes colours according to the desired mood. Our air conditioning system is centralized.

- The restaurant is located in a prime and busy area. It is in close proximity to shopping malls.

Products & Services Overview

Offer multi-cuisine (South Indian, Italian, Continental), molecular gastronomy and we have a menu centered on the theme of healthy food.

Facilities Overview

Restaurant has a built up area of 2,200 square feet out of which 1,800 square feet is the seating area and 400 square feet is the kitchen. The restaurant has a private parking space that can accommodate up to 7-8 cars.

The entire premises is on rent. We pay a monthly rent of INR 3,50,000 and have already paid a deposit of INR 21,00,000. The lock-in period is 3 years and the duration of the rental agreement is 5 years subject to extension.

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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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