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Restaurant Seeking Loan in Gurgaon, India

2007 Established Food Joint in Gurgaon seeks loan.

Established 10-20 year(s)
Employees 10 - 50
Legal Entity Limited Liability Partnership (LLP)
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin 20 - 30 %
Industries Restaurants
Locations  Gurgaon
Local Time 4:37 PM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 23 thousand for 20.0% annual interest, 1 year (Native Currency: INR 2,000,000)
Reason: Relocation and expansion.
Collateral Available: USD 0
Includes physical assets worth USD 8.1 thousand
Interested to connect with advisors
Documents
Business Overview
- This food joint was established 17 years ago in Gurgaon, specializing in North Indian, Mughlai, and Chinese cuisine.
- The previous owners have achieved substantial financial success from the business, allowing them to invest in larger ventures and relocate to pursue new opportunities.
- The food joint has been non-operational for the past 4 months since the current lease ended and it needs funds to relocate to a new location with higher footfall.
- The business provides catering services for house parties, corporate events, and other functions, accommodating 50 to 200 guests, with the capability to handle larger events based on requirements.
- The joint attracted customers immediately upon inception, achieving average daily sales of INR 25,000 to 35,000, with some days exceeding INR 1 lakh.
- The business maintains a loyal customer base that consistently places orders both in-person and over the phone organically.
- The original staff has remained with the business since its inception, with the main chefs having gained valuable experience and exposure in Germany, South Africa, and other countries.
- Marketing efforts have been limited, with growth driven mainly through organic phone and counter sales.
- There is substantial potential to further enhance visibility by utilizing platforms like Swiggy, Zomato, and various other marketing channels.
- Need funds for relocating and expansion.
Products & Services Overview
- Top-selling offerings include rich North Indian Mughlai dishes and popular Chinese cuisine, attracting individual customers for both dining in and takeout.
- Additionally, the business provides catering services for house parties, corporate events, and large gatherings, serving groups ranging from 50 to over 200 people.
Assets Overview
The business holds valuable intangible assets, including a well-established brand reputation, a loyal customer base, and an experienced team. Additionally, it comes with an extensive range of assets such as numerous kitchen equipment and items, catering equipment and delivery vehicles.
Facilities Overview
The current lease has ended.
While it was operational, we paid a rent of INR 40,000 for a 200 sq. ft. area with an outdoor seating arrangement.
Capitalization Overview
No loans or outstanding. The business is an LLP.
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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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