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Restaurant for Sale in Mylapore, India

For Sale: Multi-cuisine restaurant that serves pure vegetarian cuisine with fully air conditioned halls.

Established 1-5 year(s)
Employees 50 - 100
Legal Entity General Partnership
Reported Sales USD 400 - 500 thousand
Run Rate Sales Nil
EBITDA Margin Nil
Industries Restaurants
Locations  Mylapore
Local Time 2:30 AM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Full Sale
Asking Price: USD 200 thousand (Native Currency: INR 15,000,000)
Reason: Unable to devote sufficient time to other businesses, so want to sell the restaurant.
Includes physical assets worth USD 200 thousand
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Business Overview

- Restaurant is located near the Kapaleeswarar temple in Mylapore.

- The restaurant is fully set up ready to move in.

- We have a party hall that has the capacity of catering to 200 pax with a seating capacity of 75 pax.

- The restaurant can cater to a maximum of 100 individuals at a time.

- Whole restaurant is spread over 3 floors which include terrace kitchen, non-ac hall, ac hall. The basement is excluded.

- The restaurant has not been operational since the beginning of this year.

- We also had tie-ups with food delivery apps such as Zomato and Swiggy.

Products & Services Overview

Used to offer a vast variety of vegetarian cuisines and dishes such as Indian cuisine, coffee, south indian cuisine, Chinese, North Indian food, Chaat and juices.

Assets Overview

Physical assets of the business include - all restaurant equipment, seating chairs, tables and includes an advance payment of INR14 lakhs given to the landlord.

Facilities Overview

The build up area of the restaurant is 10,000 Sq. Ft. This includes 2 floors, terrace kitchen and basement parking.

The property is on rental agreement.

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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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