| Current Status | Growth |
|---|---|
| Amount Invested | RM 32,000 |
| Funding Required | RM300,000 or less |
| Description | A fine dining restaurant with Seaview on the shore of Malacca Straits with the FIRST Lounge that celebrates the Cigar & Tobacco (Gentleman’s Lounge) located in The Jetty Bandar Hilir area. With Malaysia Innovative Cuisine (a newly structured of typical along with traditional Malaysian cuisine) as it’s core of the business, the restaurant will also become an exclusive place to consume high grade and luxury wine and champagnes which can be an attraction to the tourist which seek and exclusive place to leisure in Malacca. . |
| Business Opportunity |
There are plenty of fine dining restaurant focusing onwards international without effort to elevate our own local cuisine to a fine dining standards.The Lounge will also become the First & Only lounge in Malacca which celebrates the fans of Cigar and Tobacco product which have a suprisingly demand in the city as the lounges available there are focusing in attracting young crowds while our target for the company iare the well-established adults.
Located just 300 meter from the city centre and tourist attractions (A’Famosa & other cultural sites) and also in the exclusive area of Mahkota Resort and Holiday Inn. The location is also the spot for the passengers of luxury cruise (Royal Caribbean Cruise, Star Cruise etc.) which the port are located just 1 km from the building. With current economic growth of Malacca supported mainly by the flow of Singaporeans who spend their time every weekend (estimated 15 millions visitors annum) and backed by a strong and active tourism activities. |
| Revenue / Business Model | The revenue will be generated mainly from the foods and beverages where the cost of preparing a plate of dish is lower than the other cuisine but still can be sell at a high price as the way of serving, and construction of the dish will be in international standards. Cigar & Tobacco product will be the secondary income along with the venue are suitable for a medium capacity function. (3 shop lot combined).Targeting middle and high class local community as well. |
| Management Team | The company will be divided into two management which the operation management and administration management. The restaurant will be lead by the Chef de Cuisine who will monitor all the operation section with the assistance of one Restaurant Manager to lead the service team. The administration management will consist of Administration Manager and an assistance to cover all the documentation, human resources affairs and all related matters. The staffing will consist of 4 kitchen crews, 5 server/waiter, and 2 stewards. |
| Company Background |
The company was founded by a young Chef who have been endorsed by well known Chef Zubir, Malaysian Culinary Team Chairman and award winning Malaysian Chef, Chef Federico Michieletto a world known Culinary judge, international Food Critics, Bocuse D’or award winning chef from Italy who based in Malaysia.
The company established in 23rd November 2016 by a partnership with a young businessman from Kuala Lumpur which have made a decision to screw everything up as the fund supposed to be his part which he never deliver due to his own personal problems. The restaurant is ready to operate just two weeks after the supposed fund to be received. The total investment made to date was RM 32,493.00 which covers the rental deposit along with deposit of installment to the previous owner of the restaurant and topping up also service and kitchen basic equipments and utensils. |
| Funding Milestone | The total fund required for me to start the operation of the restaurant is RM 250, 000.00 to be able to complete and run smoothly for the first year of business. The fund will also be used to upgrade the kitchen equipment, (adding another stove, oven working station etc.) along with some renovation for the Lounge Area (bar counter, interior, furniture and etc). A total RM 49, 000.00 and RM 3,500.00 will be allocated to pay the remaining balance from the deal with the previous restaurant owner and also the Holiday Inn The Jetty Management. |
| % Equity Allocation | 55% |
| Expected ROI | 200 |
| Risks and Mitigation | The risks of investing to the company are not so wide as the nature of business are totally different than what the current business that the City can offer but it still will consist of a few normal investment risks. With equipments and utensils valued nearly RM 200,000.00 along with renovation of the restaurant which easily evaluated at RM 100,000.00 in value will be the mitigating factors for the business investors. |
| Exit Strategies | The opportunity for the investors to exit the investment will be available after 24 months of operation and the total investment will be returned safely without hesitation from the company. |
| Company Name | Halba & Co. Restaurant and Lounge |
| Website/Facebook |
https://www.facebook.com/
|
| Business Address | Lot F105-F107 The Jetty Holiday Inn, Jeti Parameswara No 12A,Jalan Syed Abdul Aziz Bandar Hilir. 75000 Melaka Malaysia |
| Contact Person | Dzul Fiqri Zunizam |
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