Grill Splendour Services Limited is a chain of gourmet Bakery and Patisserie spread across Mumbai through 17 retail stores 5 are under franchise model. It has a centralized production facility and multiple corporate clients.
In 2019, they acquired the bakery and confectionary business along with brand Birdy’s Bakery and Patisserie from WAH Restaurants Private Limited.
Co. Engaged in the sale of following broad categories of products:
Cakes & Pastries
Food Sale
Beverages
Desert Sales
Revenue Breakup
B2B Sales – 68%
B2C Sales – 32%
Online- 63%
Retail- 37%
Loan of 25Cr from BRFL to used for acquisition of rights in brands Pizzeria, Roti, China Joe.
To Raise 16 through IPO to used for loan repayment (11 cr), Wc requirement, other.
Promotor holding decreases significantly after the listing
Srinidhi V Rao: Age 52 He has done Diploma in hotel Management. Holding 18% from 25%
Vandana Srinidhi Rao: Age 52 has done Diploma in hotel Management. Holding 18% from 25%
Experience: Both has 30 yrs experience in hospitality sector
Co. revenue per store is only 37 lakh which is very less and some store are not even recovering the rent cost. It has high debt of 14 Cr with Mcap of 38 Cr
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