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Restaurant for Sale in Bangalore, India

For Sale: Non-operational multi-cuisine veg & non-veg AC restaurant with a strong asset base.
This transaction has concluded.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 10 - 50
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 30 thousand
Run Rate Sales Nil
EBITDA Margin 30 %
Industries Restaurants
Locations  Bangalore
Local Time 3:57 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 40 thousand (Native Currency: INR 3,300,000)
Reason: The promoter is relocating from Bangalore and is looking to sell the assets at a discount.
Includes physical assets worth USD 60 thousand
Documents
FSSAI 1
FSSAI 2
GST
LRC
TAN
Business Overview

- Well established multi cuisine AC restaurant on first floor offering both dine-in, online and outdoor catering services for veg & non-veg dishes of South & North Indian, Chettinad, Tandoori & Chinese cuisine.

- The restaurant was operational for 5 months and suspended operations in March 2020 due to the COVID-19 outbreak.

- During this time, it generated about INR 5 lakhs each month.

- It is yet to resume operations.

- Restaurant is in a prime location, surrounded by a government RTO office, software companies, public parks, hospitals, and well-known apartments.

- Currently we have a seating capacity of 60 individuals at a time, including the executive room.

- We also used to host birthday parties, staff party and friends & family get-together functions. Every month we used to receive a minimum of 3 to 5 events which included house warming ceremony (outdoor catering) as well.

- On an average, we used to serve 120 daily customers including breakfast, lunch and dinner excluding takeaway orders.

- We had previously partnered with Zomato and Swiggy for online food delivery service.

- We have a business agreement with Alliances Galore and Magicpin to increase walk-in customers.

- Outdoor catering services were provided within 10 to 15 km of the surrounding areas and free home delivery to the local area within 2 to 3 km.

- Highly attractive ambiance of restaurant is an added advantage for parties and peaceful regular days.

- Have a power backup facility for 50 kv power and generator. 24 / 7 water availability includes both Kaveri water as well as bore well water.

- Parking area is available for two-wheeler and four-wheeler, as well as lift facilities for both customers and staff.

- Hygienic hand wash area and one separate wash room is available.

- Restaurant physical assets include kitchen equipment such as Tandoor Bhatti, Dosa tawa, Indian & Chinese two burner, four burner with oven, 4 doors & 2 doors vertical chiller, 3 doors working table refrigerator and 2 doors chest freezer.

- We have expensive serving plates, all kinds of starter plates and Biryani Bowls, beautiful cutlery items for customer needs.

- Microwave oven, RO water systems, 7 digital CCTV cameras covered for entrance, dine-in, billing counter, executive room and kitchen.

- Two AC machines of 2.0 TON and 1.0 TON covering the entire Dine-in area and Executive room.

- Power backup with UPS system, music system, billing machine, and setup of Chusion-Chairs, tables & Shoba sets.

- All the assets are isn very good condition.

Products & Services Overview

Breakfast: Millets special Idly and Dosa Varieties, Pongal, Paddu, Poori, Vada, Coffee and Tea.

Lunch and Dinner: South & North Meals, Non-veg Meals, Biryani Varieties, Soups, Starters, Indian Breads, Tandoori and Chinese dishes, Ice-creams and Desserts.

Assets Overview

- Physical assets include kitchen equipment such as tandoor bhatti, dosa tawa, Indian & Chinese two-burner, four-burner with oven, 4 doors & 2 doors vertical chiller, 3 doors working table refrigerator, and 2 doors chest freezer.

- We have expensive serving plates, all kinds of starter plates, and biryani bowls, beautiful cutlery items for customer needs.

- Microwave oven, RO water systems, 7 digital CCTV cameras covered for entrance, dine-in, billing counter, executive room, and kitchen.

- Two AC machines of 2.0 ton and 1.0 ton covering the entire dine-in area and executive room.

- Power backup with UPS system, music system, billing machine, and setup of cushion-chair, tables and sofa sets.

Facilities Overview

Rented 1,600 sq. ft. facility on the1st floor. The dining area is 1,000 sq. ft. with excellent interior arrangements and 600 sq. ft. is occupied by a fully furnished kitchen. The restaurant rent is INR 1,12,000 per month and the deposit is INR 6,72,000. Lease is valid for 3 years.

Capitalization Overview
Not Disclosed
Recent Activity
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This transaction has concluded. View similar business opportunities on SMERGERS
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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