Restaurant for Sale in Visakhapatnam, India
For Sale: 2-storey multi-cuisine restaurant with banquet hall and high-capacity kitchen in Visakhapatnam.
| Established | 5-10 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 183 thousand |
| Run Rate Sales | USD 183 thousand |
| EBITDA Margin | 7 % |
| Industries | Restaurants |
| Locations | Visakhapatnam |
| Local Time | 11:59 PM Asia / Kolkata |
| Listed By | Management Member |
| Status | Active |
Full Sale
Asking Price:
USD
43.5 thousand
(Native Currency: INR 4,000,000)
Reason: Owner plans to go abroad.
Includes physical assets worth
USD
43.5 thousand
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Business Name
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User Verification
Documents
Special Menu Item
(96.2 KB)
GST Certificate
(89.9 KB)
Business Overview
- Located in Sujathanagar, Visakhapatnam, our restaurant offers a vibrant multi-cuisine dining experience.
- We’re well-known for our Kongo Chicken, a fan favorite alongside a variety of veggie and non-veg options.
- Our dine-in restaurant on the ground floor is the star of the show, attracting a steady flow of 50-75 daily walk-ins.
- The banquet hall on the first floor can host up to 50 guests and is perfect for weddings and events, although this only brings in about 10-20% of our total revenue.
- During the off season, we typically host 3-4 events a month; however, in peak wedding season, that leaps to 12 events.
- We have a dedicated team of 14 employees who work hard to ensure every guest has a memorable experience.
- Our high-capacity kitchen can serve up to 2,000 people, making us well-equipped for large gatherings.
- We make our money primarily through dine-in services, but our banquet hall adds an extra layer of income during busy event seasons.
- Our business has GST and FSSAI certifications.
- We’re well-known for our Kongo Chicken, a fan favorite alongside a variety of veggie and non-veg options.
- Our dine-in restaurant on the ground floor is the star of the show, attracting a steady flow of 50-75 daily walk-ins.
- The banquet hall on the first floor can host up to 50 guests and is perfect for weddings and events, although this only brings in about 10-20% of our total revenue.
- During the off season, we typically host 3-4 events a month; however, in peak wedding season, that leaps to 12 events.
- We have a dedicated team of 14 employees who work hard to ensure every guest has a memorable experience.
- Our high-capacity kitchen can serve up to 2,000 people, making us well-equipped for large gatherings.
- We make our money primarily through dine-in services, but our banquet hall adds an extra layer of income during busy event seasons.
- Our business has GST and FSSAI certifications.
Products & Services Overview
Top selling are the multi-cuisine dine-in restaurant services. Our Kongo Chicken is a very famous menu item. We sell both veg and non-veg food items.We also get sales from the banquet hall for events but that constitutes only 10-20% of our sales.
We host 3-4 events in a month during off season and during peak wedding season we host 12 events every month.
Assets Overview
Tangible assets include a fully set up multi-cuisine restaurant with 150-seat dining area, banquet facility, high-end commercial kitchen capable of serving 2000 people, furniture and fixtures, and other restaurant equipment. Estimated tangible asset value is around INR 40 lakhs.
Facilities Overview
Restaurant and banquet facility in Sujathanagar, Visakhapatnam with seating for 150 guests and a high-capacity kitchen set-up to serve around 2,000 people.- Rented location with G+1.
- 1,800 sq. ft on each floor.
- Ground floor has seating for 100 pax.
- First floor has the banquet hall with a seating for 50 pax and a kitchen in the other half.
GST registration address of the business is in Muralinagar, Visakhapatnam.
Capitalization Overview
Business appears to be self-funded by the owner with no outstanding loans. Ownership is effectively with a single proprietor holding 100% equity.
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