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Cloud Kitchens Seeking Loan in Dubai

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Cloud Kitchen Seeking Loan in Dubai, United Arab Emirates

Food court management startup with an attractive revenue model seeks funds to begin operations.
- Start-up in the food industry of Dubai. We plan to be a food court management and cloud kitchens management company. - Ground work is completed. We have signed LoI with participating brands and signed rental agreements as well. - We will take food courts on lease from a mall on a revenue-share basis. - We take the shell & core, invest, and prepare operational kitchens that are ready for use by food brands. - This eliminates the need for CapEx by the food brands and they do not have to pay fixed rent. The food brands (tenants) will occupy the food court on a revenue share basis, they shall share 25% of the revenue with us. - The no CapEx and no fixed rental, will be factors that will attract food brands to our food courts. - 10% of the revenue will be paid to the mall as per the agreement and the rest 15% will be our revenue. - We shall repay the principal and interest from this 15% revenue over the next 5 years. - Our food courts will be in a mall with a strong footfall and have a famous anchor tenant. - The owner of this start-up has experience in the property leasing industry.
6.2   Dubai
Run Rate Sales
Nil
EBITDA Margin
Nil
Business Loan
USD 540 K at 24%
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