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Take Away Seeking Loan in Bangalore, India

Takeaway in Bangalore seeks a loan to relocate the business to a different locality.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 10 - 20 thousand
Run Rate Sales USD 7 thousand
EBITDA Margin 20 - 30 %
Industries Take Aways
Locations  Bangalore
Local Time 4:52 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 12 thousand for 12.0% annual interest, 3 years (Native Currency: INR 1,000,000)
Reason: - Funds are required to change the location of the entire setup and move to the Bellendur area throu... View More
Collateral Available: USD 36 thousand
Includes physical assets worth USD 36 thousand
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Business Overview

- The location of the facility has potential but it is very slow in terms of revenue generation as the crowd has changed after Covid.

- This has impacted our sales.

- We require funds to relocate the business to a better area.

- Our takeaway has tie-ups with Zomato and Swiggy, but most of the orders are received by us through offline channels.

- Since this is a takeaway, we only have a seating capacity for 16 people.

Products & Services Overview

We specialize in chicken pot biryani and Alfaham spicy fish grill.

Assets Overview

Physical assets include kitchen equipment, oven, fridge, and restaurant setup.

Facilities Overview

Our takeaway is located in Sarjapur with a built-up area of 700 sqft. We have all the equipment required to keep the kitchen running. This is a rental premise with a deposit of INR 80,000 and a monthly rent of INR 18,000.

Capitalization Overview

This is a sole proprietorship. The business has been funded through owner's capital. We have also taken a loan of INR 7 lakh for marketing.

Recent Activity
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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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