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Looking for Investment for a Multi-Utility Convention Centre

Proposal Number : 1159321       Find investors
Date Date of Registration : Jun 27, 2017
Date of Revision : Jun 29, 2017
Country / AreaOdisha, India 
Proposal Category 4800 Eating and drinking establishments
5101 Day to day service businesses (laundries, barbers, bathhouses, car-parks, photo shops, housework services, ceremonial services, etc.)
5000 Real estate businesses
Target Country / Area India

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The venue

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Detail Description

Looking for Investment for a Multi-Utility Convention Centre (For India only)

<< DESCRIPTION >>
*Business Outline/Plan
We deals with innovative ideas in infrastructure through the application of sustainable technology to reduce costs and improve ease of operations.
Focussed on offering usable space across India on rent-be it for work/fun at the most competitive pricing.

Our revenues stem from;
1. Convention centre booking where we let out host ready venues
2. Cafe
3. Coworking spaces for offices
Keen on adding a host of other services to the platter

Event venues covering a range of sizes in one campus, great locations, customisable infrastructure, easy to locate booking, easy to use and a fantastic experience!

Our price offerings are radically competitive and we owe the cost savings to the judicious use of tech and a highly value sensitive and hands on management team that help us leverage the best of both worlds.

-Location: one in Bhubaneswar (already in commercial operation), another one in Bangalore will open on 15, Aug. 2017.
We have Madurai, Pune & few more cities in pipeline

*Our role in the project: investee

*Investee's responsibilities/role
Investee: Project owner (Equity/debt to be decided as per valuation)
Consultant
Operator
Board positions can be shared with investor

*Investor's responsibilities/role
Board positions
Can advise on material procurement
Can advise on innovations in technology
Can help management team in implementation

*Rough Breakdown of the Investment
Land: 1.00Mn USD (approx)
Civil Structure: USD2.38Mn
Machinery: USD 0.40Mn
Office Equp: USD0.20Mn
Furniture: USD0.30Mn
Pre-Op Exp: USD0.26Mn
Total: USD4.74Mn
Internal accruals and debt will take care of the balance

*ROI plan
Targetted IRR: 35%+

Investment Amount US$ 3,000,000
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