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Restaurant Seeking Loan in Sohar, Oman

Multi-cuisine restaurant with 60 seating capacity, specializing in Arabic cuisine, seeking funds for catering services.

Established 1-5 year(s)
Employees 10 - 50
Legal Entity Limited Liability Company (LLC)
Reported Sales Nil
Run Rate Sales USD 620 thousand
EBITDA Margin 25 %
Industries Restaurants
Locations  Sohar
Local Time 2:49 PM Asia / Muscat
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 130 thousand for 10.0% annual interest, 4 years (Native Currency: OMR 50,000)
Reason: - Seeking funds to expand to the catering services and run the operation professionally and profitab... View More
Collateral Available: USD 52 thousand
Includes physical assets worth USD 104 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Business Overview
- Multi-cuisine restaurant with a seating capacity of 60.
- We have 36 indoor seating and outdoor seating of 24.
- We specialize in Arabic cuisine.
- Restaurant has an active food license.
- We are planning to start catering services by next month.
- Already have 6 clients lined up for the catering services.
- We are planning to serve for any type of occasions.
- The funds will be utilized for the development of the catering segment.
Products & Services Overview
- Tikkas & biriyanis.
- Pizzas and burgers.
- Arabic cuisine and vegetarian food.
Assets Overview
Tangible assets include all kitchen equipment, utensils and furniture.
Facilities Overview
Rented 300 sqm area of restaurant with kitchen and dine-in area with a monthly rent of OMR 6500.
Capitalization Overview
Self funded business with a sole owner having no debts or liabilities.
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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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