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Restaurant Seeking Loan in Aylmer, Canada

Talbot Street Caribbean eatery business seeking loan to boost marketing and acquire additional equipment.

Established 1-5 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 145 thousand
Run Rate Sales USD 174 thousand
EBITDA Margin 20 %
Industries Restaurants
Locations  Aylmer
Local Time 4:07 PM America / Chicago
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 36 thousand for 7.0% annual interest, 3 years (Native Currency: CAD 50,000)
Reason: The business owner wants to spend these funds on marketing and also buy some equipment for the busin... View More
Collateral Available: USD 36 thousand
Includes physical assets worth USD 36 thousand
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Business Name
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Business Overview
- Small Caribbean restaurant located on Talbot Street in Aylmer, offering island cuisine and Caribbean food specialities.
- Seating capacity: The maximum seating capacity is 30 and number of average daily walk-ins is between 12 to 15, indicating steady local foot traffic and takeout demand.
- Menu highlights: Signature Jerk chicken meal, Jamaican beef patties, and golden rum cake, which are top-selling dishes that drive repeat customers.
- Additional menu items: Fried plantains, rice and peas, coleslaw, and sweet fried dough, supporting a full Caribbean meal experience and diversified food offerings.
- Team: Operated by 2 permanent employees, reflecting a lean staffing model and low labor overhead.
- Revenue model: Dine-in, takeout, and likely local delivery/walk-in sales from Talbot Street foot traffic and neighbourhood customers.
- Funding need: Seeking a loan to boost marketing and acquire additional equipment to increase capacity, improve kitchen efficiency, and grow order volume.
- Target customers: Local residents and passersby seeking authentic Jamaican dishes, Caribbean food lovers, and lunchtime/dinner patrons on Talbot Street.
- Marketing opportunity: Invested loan proceeds into local advertising, social media promotion, and signage to convert average walk-ins into higher daily sales and expanded catering or delivery orders.
Products & Services Overview
Top selling items include Jerk chicken meal, Jamaican beef patties and golden rum cake. We also provide other dishes like fried plantains, rice and peas, coleslaw, and sweet fried dough.
Assets Overview
Tangible assets: We have 6 burner gas stoves, freezers, tables, chairs, and a cooler.
Intangible assets: Food Handler's Permit, Smart Serve Certificate.
Facilities Overview
The business has a rented facility and the area of this facility is around 1100 sqft. The rent per month is around CAD 3,000. This facility is on the ground floor.
Capitalization Overview
The business has been self-funded so far and has no loans or debt.
The business is fully owned by the sole proprietor.
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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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