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Restaurant Equity Stake For Sale in Mirissa, Sri Lanka

Seasonal beach restaurant seeking equity investment to expand operations and strengthen its financial position.

Established 5-10 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 300 thousand
Run Rate Sales USD 360 thousand
EBITDA Margin 10 %
Industries Restaurants
Locations  Mirissa
Local Time 8:15 PM Asia / Colombo
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 150 thousand for 50.0% stake (Native Currency: LKR 50,000,000)
Reason: The investment will be utilized to repay outstanding high-interest debt, strengthen the business's f... View More
Includes physical assets worth USD 45 thousand
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Business Overview
• Seasonal beach restaurant established in 2018, offering food and beverage services to tourists and local visitors during the peak November–April season.
• Operates a beachside dining concept serving a variety of food and beverages in a relaxed seaside setting.
• Features a seating capacity of over 200 guests and attracts more than 300 customers per day during the peak tourist season.
• Generates revenue through dine-in food and beverage sales, benefiting from strong seasonal tourism and repeat local customers.
• Has built an established presence in the local hospitality market with consistent seasonal operations.
• Holds a valid food license and operates in compliance with applicable food safety regulations.
• The business is seeking a 50% equity investment to strengthen its financial position by reducing high-interest debt and upgrading the restaurant premises to support future growth.
• Well positioned to capitalize on increasing tourism by enhancing customer experience, expanding capacity, and improving operational efficiency.
Products & Services Overview
The business offers food and beverage services through a seasonal beach restaurant. Its clientele includes domestic and international tourists, local residents, families, and groups visiting the beach during the peak tourist season.
Assets Overview
Tangible assets:
- Kitchen equipment, sun beds, restaurant furniture, and beach umbrellas with an estimated combined value of about LKR 15 million.
Intangible assets:
- Goodwill.
- Brand value.
Facilities Overview
The business operates from a leased beachfront restaurant facility with a seating capacity of over 200 guests, designed to accommodate high tourist footfall during the peak season. The monthly rent is approximately LKR 600,000, providing a well-established location for food and beverage operations.
Capitalization Overview
The business is funded through promoter equity and debt financing. It has two partners and carries outstanding loans of approximately LKR 50 million, primarily comprising high-interest borrowings. The proposed equity investment will be used to reduce the debt burden, strengthen the company's financial position, and support future business expansion.
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1 Investor contacted this Business this month. 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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