Popular Restaurant with Real Estate for Sale near Mysore
Email
Phone
Google
LinkedIn
Facebook
Product / Service
This profitable business was established in Oct 2015. This is located at a popular tourist location. It is situated just about 15kms from Mysore. They have a dedicated customer base with many customers driving down from Bangalore and Mysore for breakfast and lunch here.
The area of the premise is 33000 sq.ft which is owned by the promoter. This includes the restaurant, a 3BHK house with 2 servant quarters in the premises itself. This can be converted in a profitable Homestay as there is a large influx of tourists. The seating capacity is 50. They majorly serve authentic South Indian, Jain and Chinese Cuisines. This restaurant is particularly famous because of the personal touch that they provide to the food. The promoter himself is the head chef here and interacts with all customers for their reviews. They only provide breakfast and lunch and are operations only 6 days a week. So this business has a huge scope of expansion. They are also known for their rustic village ambiance and for the children play area. They are rated highly on various portals like Tripadvisor etc and are almost considered the best in the district.
They are looking to sell the Restaurant along with all the kitchen equipment, brand name and the furniture and other infra of the restaurant plus the house and servant quarters. The revenue per month is almost INR 3 Lakhs with a profit margin ranging from 40-45%. Since the promoter is moving out of the country, he is looking to sell this off. The Asking price is INR 2.5Cr(Negotiable)
Reason
Moving out of India
Keywords
Business Tags
₹10 to ₹200 Cr
Complete Investment Banking Solution in 120 Days
Seamless Fundraising/M&A transactions
Start your growth journey with our 25+ Years of Experienced Professional Team.
Contact IBGrid TeamFrequently Asked Questions
How to contact a business owner directly to buy or invest in a business?
Connecting with a business owner directly is simple! Just follow these 3 easy steps: 1. Create your FREE Investor/Buyer profile on IndiaBizForSale 2. Explore the 'Business Opportunities' section to find 10,000+ business opportunities matching your investment preferences. 3. Click on the 'Contact Business' button and connect with business owner directly. Check here to know how it worksNote: Once you create your profile, you will get ONE introduction credit, allowing you to contact any ONE featured business.
How does IndiaBiz verify the business information?
The business opportunity is either posted by the business owner or advisor. After that, our team checks the information for completeness, language, and accuracy. Once the basic checks are met; only then the opportunity is published. We also get users' feedback for the opportunities they contact and based on their feedback, the opportunity maybe put on HOLD till further clarification. Many opportunities are not published when it does not pass through our internal procedure checks. We sincerely request you to carry out complete due diligence before taking the transaction ahead. In addition, the contact details of the business are verified via phone/email.
What to consider before buying or investing in a business?
Below are some of the factors that need to be considered before buying or investing in a business:- Growth prospects of the industry and business
- Sales, profitability, and cash flow of the business should be considered
- Consideration you have to pay; form of consideration (either cash or shares or some combination of both) to be paid?
- Source of financing the purchase
- Amount of additional investment that will be required to grow business
- Does the business have second-line of management?
- Are you going to run the business on day-to-day basis or appoint some professional for the same?
- What decisions are to be taken to improve the profitability of the business?
- Time period of payback or return is envisaged from the business?
- Any long-term strategic benefit or synergy with your existing business?
- Will the clients continue with the business after the acquisition?
