Restaurant Seeking Loan in Al Khobar, Saudi Arabia
Non-operational grill restaurant and catering brand with international recognition seeks debt funding to restart operations.
Premium Plan
| Established | 30-40 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Limited Liability Company (LLC) |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Restaurants |
| Locations | Al Khobar |
| Local Time | 2:23 PM Asia / Riyadh |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
1.63 million
for
15.0%
annual interest,
6
years
(Native Currency: SAR 6,100,000)
Reason: To reopen a popular brand and scale up to US$ 90 Mn company in 7-8 years.
To develop a reliable inv...
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Collateral Available: USD 0
Includes physical assets worth
USD
107 thousand
Interested to connect with advisors
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Business Name
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Business Overview
Prior to closing after a fire 6 years ago, we had 200 sit-in customers per day. As new investors came in soon and refurbishing work started in Jan 2020, Covid struck and the project to restart was shelved.
We are now looking to restart the operations under a new model with other arms of revenue added such as home deliveries, catering and external contractual operations.
Conservative projections still estimate a regular seating of 210 customers per day.
The promoter has been with the business for 33 years of operations and 5 expansions starting from 65 sq mts to the current 1,000 sq mts size.
Most staff have been with the business for between 15 to 33 years.
This is based on our original proprietary 15-SRP = 15 Steps Restaurant Program which includes our documented CDVS = 27 Core Values embedded in our Comprehensive Documented Value System.
These above two points make us uniquely scalable as a handcrafted cuisine restaurant.
Business relations all around have been sound and mutually beneficial.
We have a passionate customer following evidenced on Google Maps and social media. Has local and international recognition in publications and receives inquiries about reopening from customers continue to this day.
We are now looking to restart the operations under a new model with other arms of revenue added such as home deliveries, catering and external contractual operations.
Conservative projections still estimate a regular seating of 210 customers per day.
The promoter has been with the business for 33 years of operations and 5 expansions starting from 65 sq mts to the current 1,000 sq mts size.
Most staff have been with the business for between 15 to 33 years.
This is based on our original proprietary 15-SRP = 15 Steps Restaurant Program which includes our documented CDVS = 27 Core Values embedded in our Comprehensive Documented Value System.
These above two points make us uniquely scalable as a handcrafted cuisine restaurant.
Business relations all around have been sound and mutually beneficial.
We have a passionate customer following evidenced on Google Maps and social media. Has local and international recognition in publications and receives inquiries about reopening from customers continue to this day.
Products & Services Overview
This is a business of creating environments with food at its core. The reopening of the new restaurant will have touches of entertainment as part of its character.We will serve oriental cuisine, Indian, as well as a few selective and exclusive Western foods (such as deep pan pizza and shareable burgers)
Assets Overview
Assets retained from the earlier business have a replacement value of around SAR 400,000.
Facilities Overview
We can relocate to a different location or also have the option to rent our previous facility again that has a total of 1,000 sq mts area.Basement support area 400 sq mts.
Ground floor 380 sq mts - kitchen and seating.
First floor 250 sq mts - service and seating.
Capitalization Overview
Business is non-operational currently, and we are seeking funds to restart.
Recent Activity
-
Earlier than 15 daysSenior Associate, Investment Operations, New York City, Financial Institution connected with the Business
-
Earlier than 15 daysManaging Partner, Jakarta, Financial Consultant connected with the Business
Tags:
Fine Dine Restaurant Seeking Loan in Al Khobar, Saudi Arabia
·Casual Restaurant Seeking Loan in Al Khobar, Saudi Arabia
·Lend to Fine Dine Restaurant in Al Khobar, Saudi Arabia
·Lend to Casual Restaurant in Al Khobar, Saudi Arabia
·Restaurant Seeking Loan in Al Khobar, Saudi Arabia
·Lend to Restaurant in Al Khobar, Saudi Arabia
·Fine Dine Restaurant Seeking Loan
·Casual Restaurant Seeking Loan
·Lend to Fine Dine Restaurant
·Lend to Casual Restaurant
·Restaurant Seeking Loan
·Lend to Restaurant
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