Thriving Restaurant Business Raising Funds In Thane
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Product / Service
They provide a range of services including dining experiences with a focus on local and international cuisines, catering services for events, and private dining experiences. Additionally, they offer riverside ambiance, hosting events, and seasonal culinary specials that highlight fresh, locally sourced ingredients.
Clientele type
The restaurant caters to a diverse clientele, including local residents seeking a unique dining experience, tourists and travelers exploring the area, corporate clients hosting meetings or retreats, families and groups celebrating special occasions, and food enthusiasts interested in seasonal and locally-sourced cuisine. The industries served include hospitality and tourism, event management, the corporate sector (for business events and retreats), the food and beverage industry, and entertainment (for live events or themed nights).
Premises
LEASED
Lease per month (in INR): 63,000
Security Deposit (in INR): 300,000
Carpet Area: 6,000 sq ft
Asking Price Includes
The price includes a leasehold interest in the restaurant, a refundable security deposit, essential kitchen equipment, and furniture. We're offering a 5 to 8% equity stake in the business, along with the brand name and accumulated goodwill.
Asking Price
INR 6.00 Lac
Minimum ticket size
INR 500,000 (INR 5.00 Lac)
Reason
The primary reason for raising funds is to accelerate the restaurant's growth and expansion. With a solid foundation in place, we aim to enhance our offerings and reach a wider audience. The funds will be used to upgrade facilities, launch a new menu, and execute targeted marketing campaigns to boost brand visibility.
Other Details
The business was launched in 2022 and took approximately 6-8 months to set up, beginning operations in the last quarter of 2023. It is supported by a dedicated team of 10 professionals who are crucial to its success. Our dynamic management duo combines expertise in culinary arts and business operations. Co-founder, a seasoned chef, oversees the kitchen to ensure that each dish reflects our commitment to quality and creativity. Our service team is dedicated to providing exceptional customer experiences, fostering a welcoming atmosphere that encourages repeat visits.
Business Strengths:
1. Unique Location: Our riverside setting provides a tranquil and picturesque dining experience, distinguishing us from other restaurants.
2. Innovative Offerings: We frequently refresh our menu with seasonal specialties and creative dishes to cater to diverse tastes.
3. Customer-Centric Approach: We focus on personalized service to ensure customer satisfaction, fostering a loyal clientele that drives word-of-mouth referrals.
4. Operational Efficiency: Our team effectively manages resources, maintaining high standards while optimizing costs.
5. Strong Community Presence: We actively engage with the local community through events, enhancing our brand's visibility.
Future Scope:
We are focused on expanding our business and reaching a broader audience. Our immediate plans include:
1. Upgrading the Restaurant: Investing in facility improvements to enhance the dining experience.
2. Launching a New Menu: Introducing a diverse and innovative menu to attract new customers and food enthusiasts.
3. Marketing and Branding: Implementing targeted marketing strategies to increase visibility and attract tourists and corporate clients.
4. Exploring New Ventures: Considering opportunities for brand expansion, such as additional locations or diversifying into event catering or culinary workshops.
Our vision is to become a leader in the hospitality industry, renowned for exceptional dining experiences and community engagement. With a strong team and a clear growth strategy, we are well-positioned for continued success.
Land/Building:
- Location: The restaurant is located on a plot that was previously a junkyard.
- Office Premises: Currently, there is no office space, but plans are in place to build one.
- Ownership: The property is leased.
- Age: The premises were recently repurposed and renovated, with the restaurant opening in March 2024.
- Security Deposit: 3 lakhs
- Locality: Situated in a riverside area, offering a scenic ambiance that attracts visitors.
- Capacity: The restaurant features 30 tables, accommodating up to 96 people, with room for expansion.
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