Products/Service

This well-established industrial canteen business started in the year 2016 at Vadodara. The area of the premises is 6500 sq. ft. with a monthly rent of INR 2.18 Lakhs and is on 9 years long lease. The kitchen is centralized with area of 4,200 sq. ft. and made according to industrial norms. The company has fixed number of clients. They daily cook vegetarian food for 4000 people and the business is 365 days operational. They have total 75 employees of which 40 employees consists of chef, marketing team, helpers, etc. and the rest 35 employees are on field. Average profit margin is 12-15 percent. The company takes outside event orders like corporate events, weddings, parties, etc. They have clients like Sun Pharma, Suzlon, Kaizen group, etc. Last year turnover was INR 2.75 crores. April-2018 revenue was INR 40 Lakhs. The asking price of business is INR 3.50 crores. After the business is sold the present owners are open to work with the acquirer.

Reason

Lack of funds

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