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Restaurant for Sale in Male, Maldives

Restaurant in Malé offering authentic Thai cuisine to locals and expatriates seeks ownership.

Established 1-5 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales USD 100 - 200 thousand
Run Rate Sales USD 256 thousand
EBITDA Margin 20 - 30 %
Industries Restaurants
Locations  Male
Local Time 8:34 AM Asia / Dubai
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Full Sale
Asking Price: USD 90 thousand (Native Currency: MVR 1,400,000)
Reason: Both the shareholders are moving abroad and are looking for a quick sale.
Includes physical assets worth USD 52 thousand
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Business Overview
- Established restaurant located in Malé, Maldives, with a diverse customer base of locals and expatriates.
- Specializes in authentic Thai cuisine, recognized for its quality and taste.
- Generates annual revenue exceeding MVR 3 million, demonstrating strong financial performance.
- Operates efficiently with a small team of only six employees, ensuring low overhead costs.
- The business is self-sustaining and does not require owner involvement for daily operations.
- Both partners are seeking to exit the business to relocate abroad, presenting an opportunity for new ownership.
- The restaurant experienced significant growth due to its established brand and loyal clientele built over the past five years. After acquiring the business, we relaunched with a fresh menu aimed at attracting new customers, which directly contributed to this growth.
- We hold a license from the Maldives Food and Drug Authority to operate as a licensed restaurant. Additionally, we have completed all necessary tax registrations, name and logo registrations, and company registration, and have maintained corporate filings and management accounts for the past year.
- The promoter is based in the UAE and the restaurant is.
Operated by the business partner in Maldives.
- Potential for growth by expanding marketing efforts and enhancing brand visibility in the tourist market.
Products & Services Overview
We have a wide range of customers from locals to foreigners who live in Maldives. We are known for the authentic Thai food that is sold in our restaurant.
Assets Overview
Tangible assets:
1. All equipment including kitchen equipment and dining equipment.
2. All back office set-up.
3. POS machine.
Intangible assets:
1. The company with 0 debts.
2. All staff.
Facilities Overview
The restaurant is spread over two floors. The kitchen is on the upper floor along with an open-air area. The main dining area is on the ground floor.
Rent - MVR 35k monthly.
Seating capacity - 30 pax.
Capitalization Overview
No outstanding debts, no loans. We self-financed and invested to start the business. There are two owners. Shares are 60/40 with the managing director owning 60% and managing the business.
Recent Activity
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2 Buyers 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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