Snack Manufacturing Company Seeking Loan in Bangalore, India

- Cloud kitchen startup that provides preservative-free Indian sweets and snacks.

- Average 250 daily orders across all kitchens were 250 for the last 2 months.

- Our value proposition is a cloud kitchen that prepares fresh sweets and snacks sans preservatives and provides them through online delivery platforms in a short span of time.

- We sell directly to customers through Swiggy, Zomato, Amazon food, Dunzo, WhatsApp, Facebook, and Instagram.

- We promote through social media and are part of WhatsApp groups of gated communities in Bangalore. We offer special discounts through these WhatsApp groups.

- Online platforms usually pay us after a week and we pay our vendors upfront.

- Business has a bank loan of INR 25 lakh that is currently being repaid.

- The monthly sales fluctuate as they depend on the festival season as well.

- Two owners with an equal shareholding of 50-50.

- Looking to grow our brand in Bangalore and other cities by setting up more cloud kitchens that dole out fresh sweets and snacks.

Desi ghee sweets, fresh khoya and milk sweets, Bengali sweets made from Chena; Indian desserts like Rasmalai and Gulab Jamun.

Desi Indian snacks like samosas and kachori.

Authentic street food like Chole Bhature and Aloo Puri.

Beverages like Lassi and Badaam Milk.

Seasonal sweets like Malai Ghevar, Modak, and Ghujiyas.

Our aim is to provide fresh sweets and snacks to the customers every time they order from us.

Tangible assets across all our central kitchens: refrigerators, utensils, stoves, coolers, heavy and small storage racks, working tables, computers, wifi, wooden tables, chairs, microwaves, weight machines, sweet boxes, inventory, cash, vehicles.

Central kitchen assets are worth INR 50 lakh as it has separate storage and high-temperature burners. Our three satellite cloud kitchens have assets worth INR 10 lakh each.

This takes the total physical asset value to around INR 80 lakh.

Intangible assets: billing software, online ordering platforms, food license, and trade license are valued at around INR 4 lakh.

The central kitchen has an area of 2,500 sq. ft. , additional 3 cloud kitchens each set up at 300 sq. ft.

All the kitchens are leased and located in Bangalore.