A Promising Restaurant Chain Looking To Raise Funds

Listing ID: SL012238
Posted By: Owner
Last Active: 1+ year ago
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About Business

They provides a wide variety of food & beverages as follows :-
snacks
starters
sandwiches
pav bhaji
pizzas
soups
salads
sizzlers
main courses
indian breads
dal & rice

They operate multicuisine restaurants with wide variety of Indian food, Chinese food, Continental food, Jain food, etc.
They provide online food delivery through various well known delivery applications
They provide home delivery & take away facilities at their restaurants.
They also provide party organizing services at their restaurants.

Clientele type

Corporate houses, Nearby business houses, Working professionals, Families & Online customers.

Premises

There are two restaurants operated by this owner.
One of them is leased & the other one is owned by them.
Both the restaurants have option of both A/C & Non A/C rooms.
Both the restaurants have a Garden area.
Both the restaurants are located at prime locations.

Following are the details of the owned restaurant :-
Size - 1210 Sq Ft
Market value - Rs.7,00,00,000
Seating capacity - 150 people

Following are the details of the leased restaurant :-
Size - 1800 Sq Ft
Lease deposit - Rs. 12,00,000
Lease per month - Rs. 2,30,000
Lease duration -10 years
Seating Capacity - 200 people

Asking Price Includes

Owner is open to raising funds via either debt or via equity

Following are the details of raising funds via debt :-
Amount to be raised - Rs.1,10,00,000
Annual Interest rate - 12%
Collateral - Owned building which is worth Rs.7 crores will be provided as collateral
Lock in period - 5 years

Following are the details of raising funds via equity :-
Amount to be raised - Rs.1,50,00,000
Equity to be offered - 50% of the total equity

Reason

Owner had recently borrowed certain amount of funds in order to start his new restaurant which is on lease in the above mentioned description & They want to utilize the raised funds for paying off those borrowed funds.

More Details

Owned restaurant's current average monthly sales is of Rs.1800000
Leased restaurant's current average monthly sales is of Rs.1200000

Business Tags

fast food food & bevarage restaurant

₹10 to ₹200 Cr

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