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Newly Established Bar Investment Opportunity in Bangalore, India

Seeking Investment: Hospitality chain operating a taproom and a fine-dine in an established IT park.
This Business is on a Premium Plan
Established 0-1 year(s)
Employees 50 - 100
Legal Entity Limited Liability Partnership (LLP)
Reported Sales USD 80 thousand
Run Rate Sales USD 550 thousand
EBITDA Margin Operating at loss
Industries Restaurants + 1 more
Locations  Bangalore
Local Time 12:49 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 1.7 million for 70.0% stake (Native Currency: INR 150,000,000)
Reason: We are exiting our current 14 partners and using the working capital to achieve profitability, inclu... View More
Includes physical assets worth USD 910 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Incorporation
Trade License
Business Overview
- Run by a promoter with over 25 years of experience in entrepreneurship, having successfully built and sold two prior companies.
- The business operates two outlets inside an IT park in Bangalore: a craft beer taproom and a South Indian fine-dine restaurant with liquor (both operational), along with three more outlets in the pipeline (2 small-format cafes and chaat, and 1 North Indian fine-dine).
- One of the facilities has a seating capacity of 200, and the fine-dine restaurant can accommodate 100 people.
- The investor will acquire a majority stake in the entire business.
- The business is listed on Zomato and Swiggy.
- Approximately 10% of orders are received through online channels, with 80% from dine-in, where corporate parties form the majority of revenue. Additionally, the business caters lunch daily to two offices, serving a total of 300 people.
- Serving an average of 50 customers per day across both outlets.
- The craft beer taproom opened in May last year, and the South Indian restaurant opened in December last year, both leading to significant sales growth.
- Both outlets serve vegetarian and non-vegetarian dishes, with liquor available at both locations.
- FSSAI, CIN, liquor license, and GST registration are in place.
- No marketing efforts have been made so far, which is why the business is operating at a loss, but profitability is expected within a few months with marketing and the launch of new outlets.
- Seeking funds to exit existing investors with a low appetite for growth and patient capital, as well as working capital to make both units profitable within the next 2-3 months and to open the next three outlets.
Products & Services Overview
Our services include:
- Taproom.
- Restaurant.
- Catering.
- Banquets.
- Corporate parties.
- Corporate gatherings.
- Bestselling product is our beers.
Our clientele primary consists of IT employees.
Assets Overview
Physical assets include restaurant setup, furniture, ACs, kitchen and bar equipment.
Intangible assets include liquor license, brand value, repeat of 70% and goodwill.
Facilities Overview
This is a leased facility located in an IT park, in Bangalore that hosts major companies such as Google, Apple, BorgWarner, Chubb, Marlabs, Unilever, BMW, and others. We are situated on the floor designated exclusively for F&B, with both our outlets currently operating here. Additional outlets will open in the coming months, but we aim to capture the largest portion of the customer base.
The rent is INR 14 lakhs per month for both the spaces, combined.
Capitalization Overview
The company has 14 partners (all have agreed to exit) with the highest being 12.2% and lowest being 2.31%.
The company has outstanding dues of INR 90 lakhs due to partners who infused capital as a loan No other liabilities exist.
Recent Activity
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Contact Business
2 Investors contacted this Business this month. Register below to connect now!
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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