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Catering Company Seeking Loan in Chennai, India

Corporate (Especially to the IT sector) and event catering service provider seeks loan.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 140 thousand
Run Rate Sales USD 240 thousand
EBITDA Margin 30 %
Industries Catering
Locations  Chennai
Local Time 11:58 PM Asia / Kolkata
Listed By Management Member
Status Active
Overall Rating
Seeking Loan
USD 150 thousand for 16.0% annual interest, 3 years (Native Currency: INR 12,500,000)
Reason: Require loan for business expansion and extension. We are expecting to do INR 12 cr and above this f... View More
Collateral Available: USD 0
Includes physical assets worth USD 220 thousand
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Business Name
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Business Overview

- Catering company specializing in North and South Indian cuisine for corporate clients.

- Currently serving 7 corporate clients.

- Promoter possesses over 20 years of industry experience.

- Extensive network of contacts and maintains strong relationships within the industry.

- Fully licensed with GST, FSSAI, and private ltd licenses.

- We are experiencing high growth due to new clients and orders this year especially (and post covid)

Products & Services Overview

Providing breakfast, lunch, snacks and dinner to corporates primarily in the IT sector.

Assets Overview

Industrial ranges, boilers, dough mixers, industrial grinders, ventilation equipment, and fully automated chapati maker.

All assets are in the form of equipment.

Facilities Overview

2,400 sq. ft. * 3 floors = 7,200 sq. ft.

Rented for INR 1.15 lakhs.

Located in Ramapuram, Chennai.

Capitalization Overview

The business is currently funded by loans from directors. No. of shareholders are 2 having equal shares (50% each)

Total amount of loans and debts amounts to INR 50,00,000.

Recent Activity
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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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