Established Bar and Lounge Biz Raising Funds In Ranchi
About Business
A reputed multi-city F&B and lounge brand with over a decade of operational experience is expanding its footprint with a new outlet in Ranchi. The brand operates several successful outlets across major Indian cities and is known for its unique sports café concept that combines energetic ambience with premium dining experiences. The existing outlets generate revenue of 6 Crore and an EBITDA margin of 15% The new outlet is strategically located in a prime mall on Kanke Road, targeting Gen Z, millennials, and corporate clientele.
The promoters are seeking a strategic investment partner to participate in the new venture, with the option to invest in the business. The existing management will continue to handle end-to-end operations, ensuring consistency in brand quality and customer experience.
Clientele type
The primary clientele will include Gen Z, millennials, and corporate professionals.
Premises
LEASED
Lease per month (in INR): 6.00 L
Security Deposit (in INR): 36.00 L
Carpet Area: 4,000 sq ft
Located in a high footfall mall on Kanke Road, Ranchi
Asking Price Includes
The business stake will be finalized through discussions with the potential investor.
Asking Price
INR 1.85 Cr
Minimum ticket size
INR 1.85 Cr
Reason
The funds will be utilized to support the expansion of new outlets.
Keywords
Business Tags
₹10 to ₹200 Cr
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