Bar Restaurant Raising Funds In Meerut
About Business
The owner is set to open a restaurant and bar in Meerut next month. The construction is in its final stages. The establishment will feature a bar, a mic club, and weekend events, with both indoor and outdoor seating options.
Clientele type
The target clientele consists exclusively of affluent and high-class individuals.
Premises
LEASED
Lease per month (in INR): 3.25 L
Security Deposit (in INR): 16.00 L
Carpet Area: 4,500 sq ft
The total seating capacity will be 100, with 20 seats designated for outdoor seating.
Asking Price Includes
The owner is offering a 33.33% equity stake in exchange for partnership.
Asking Price
INR 70.00 L
Minimum ticket size
INR 60.00 L
Reason
The owner is looking to raise funds for launching the restaurant and establishing the necessary infrastructure.
More Details
The business is currently managed by two partners, both of whom previously worked in the IT sector. They are now seeking a third partner to join their venture.
Keywords
Business Tags
₹10 to ₹200 Cr
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