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Snack Manufacturing Company Seeking Loan in Bangalore, India

Sweets and snack manufacturers operating in a cloud kitchen format seek funding to establish outlets.
This transaction has concluded.

Established 5-10 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 108 thousand
Run Rate Sales USD 100 thousand
EBITDA Margin 20 %
Industries Snack Manufacturing + 1 more
Locations  Bangalore
Local Time 7:32 PM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 36 thousand for 15.0% annual interest, 5 years (Native Currency: INR 3,000,000)
Reason: Expansion of cloud kitchens and packaging. We wish to take a loan from external sources (other than ... View More
Collateral Available: USD 0
Includes physical assets worth USD 100 thousand
Interested to connect with advisors
Documents
Business Overview
- 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.
Products & Services Overview
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.
Assets Overview
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.
Facilities Overview
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.
Capitalization Overview
Not Disclosed
Recent Activity
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This transaction has concluded. View similar business opportunities on SMERGERS
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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