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Bar Seeking Loan in Patan, Nepal

Lounge in Patan with a good online presence and tourist customers seeks funds for remodelling.

Established 1-5 year(s)
Employees 10 - 50
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 20 - 30 thousand
Run Rate Sales USD 30 thousand
EBITDA Margin 30 - 40 %
Industries Restaurants + 1 more
Locations  Patan
Local Time 11:46 AM Asia / Kathmandu
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 75 thousand for 12.0% annual interest, 5 years (Native Currency: NPR 10,000,000)
Reason: Funds are needed for multiple reasons. To clear pending bills, and to renovate and remodel the loung... View More
Collateral Available: USD 90 thousand
Includes physical assets worth USD 50 thousand
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Business Name
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Business Overview

- Restaurant and lounge in Patan.

- We serve cafe items and alcohol as well.

- Daily footfall of around 60 dine-in customers.

- We receive both local and foreign tourist crowds.

- Seating capacity for 90-120 pax.

- Promote through regular events, and Friday night live music events.

- Alcohol brands sponsor the events and help in the promotion of the lounge as well.

- We also advertise the cafe and the events through our website, Facebook, and Instagram.

- This restaurant is operated by a debt-free sole proprietorship.

Products & Services Overview

We serve multi-cuisines starters and main courses. We are licensed to sell alcohol as well.

Assets Overview

Tangible assets - Furniture and fixtures worth NPR 32 lakh; moving stock of alcohol worth NPR 20 lakh; and kitchen equipment worth NPR 18 lakh.

Intangible - brand name, website, and digital assets like the Instagram and Facebook pages.

Facilities Overview

Rented area of 8+ aana (almost 260 sq. m. ). The lounge has a ground floor, first floor, and rooftop access. There are two private cabins and guests have access to a small garden as well.

Capitalization Overview
Not Disclosed
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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