Resort Seeking Loan in Poombarai, India
Business running 2 restaurants in Poombarai seeks funds to establish an Ayurveda retreat resort.
| Established | 5-10 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 116 thousand |
| Run Rate Sales | USD 140 thousand |
| EBITDA Margin | 8 % |
| Industries | Resorts |
| Locations | Poombarai |
| Local Time | 4:03 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
580 thousand
for
1.0%
annual interest,
7
years
(Native Currency: INR 50,000,000)
Reason: Need funds to develop resort infrastructure. We have already invested more than INR 2 crore in const...
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Collateral Available: USD 1.4 million
Includes physical assets worth
USD
1.63 million
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Business Name
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Documents
FSSAI License - Restaurant
(115.7 KB)
Business Overview
- Successfully running hospitality business in a prime tourist location.
- We have 3 acres of owned land on a small hill, where we currently have two running restaurants.
- Both restaurants do about INR 8-10 lakh of combined monthly sales and are profitable.
- We want to develop a resort on this owned 3-acre land and market it as a spiritual retreat.
- The funds will solely be used to construct a resort on this property.
- We have 3 acres of owned land on a small hill, where we currently have two running restaurants.
- Both restaurants do about INR 8-10 lakh of combined monthly sales and are profitable.
- We want to develop a resort on this owned 3-acre land and market it as a spiritual retreat.
- The funds will solely be used to construct a resort on this property.
Products & Services Overview
The retreat will offer rejuvenation, destressing, detoxification, relaxation calm, and serenity.Restaurants serving two distinct cuisines (South Indian and North Indian), with great ambiance and views.
Assets Overview
Tangible assets.- The land value is INR 4 crore per acre. Total land value INR 12 crore.
- 1 fully glasshouse restaurant worth INR 1.5 crore (including structure, furniture, and fixtures)
- Another restaurant worth INR 50 lakh.
Facilities Overview
- Owned 3-acre property on a small hill in Poombarai, the property has access roads on all 3 sides.On the top, there is a private temple as well.
Existing infrastructure:
- Two restaurants of 2,500 sq. ft. each.
- The two restaurants are adjacent to each other.
Capitalization Overview
Self funded.
Recent Activity
-
Earlier than 15 daysPartner, Chennai, Accounting Firm connected with the Business
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Earlier than 15 daysOwner, Chennai, Accounting Firm connected with the Business
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Earlier than 15 daysFounder, Mumbai, Financial Consultant connected with the Business
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