Restaurant & Banquet Biz Seeking Growth Capital in Patna
About Business
The business operates a multi-cuisine restaurant offering both vegetarian and non-vegetarian food options. Along with regular dining services, the business also generates revenue through its banquet facility.
Revenue Profile
The restaurant generates average weekly sales of approximately ₹5–6 lakh through its dining and event-related operations.
Restaurant Capacity
The outlet has a seating capacity of around 120 guests, allowing it to cater to individual diners, families, and group gatherings.
Banquet Facility
The business includes a banquet hall measuring approximately 900 sq. ft., which is suitable for hosting private functions, celebrations, meetings, and other events. This provides an additional revenue stream alongside the restaurant operations.
Occupancy
The restaurant currently operates at an average occupancy level of 50–60%, offering scope for improved utilization and higher revenue generation.
Clientele type
On average, both restaurants receive 400 customers, and about 2,000 on weekends.
Premises
LEASED
Lease per month (in INR): 6.00 L
Security Deposit (in INR): 11.00 L
Carpet Area: 4,000 sq ft
Asking Price Includes
The promoters can dilute up to ~30% equity.
Asking Price
INR 2.00 Cr
Minimum ticket size
INR 1.00 Cr
Reason
The promoters are planning to upgrade and modernize the existing infrastructure, which is expected to enhance the overall customer experience and support increased footfall.
More Details
The business was established in 2017 by promoters with over 12 years of experience in the food and hospitality sector. Prior to launching the restaurant, the promoters were involved in canteen operations, which provided them with industry knowledge and operational expertise. The company is currently managed by three directors who oversee its day-to-day operations and growth initiatives.
Keywords
Business Tags
Fundraising for ₹10 Cr – 500 Cr
Confidential Process Completed in 120 Days
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