I. Drakšaitės IĮ

Real estate project
B
FinoMark
B2
GOscore

100% financed

140 000.00 € financed / 140 000.00 €
Financed within 2 d. 16 h 24 min
Loan amount
140 000.00 €
Interest
11 %
Credit term
35 m
Monthly payment
4 263.18 €
Purpose
For real estate investments
Interest's paid
Monthly
LTV
67.96%

Collaterals

Guarantee of one natural person
Mortgage of a legal entity's real estate
Mortgage of a legal entity's real estate
BuyBack security
Primary mortgage

i. Drakšaitė's individual company (IĮ) is a company that owns the cafe "Armenian Kitchen" in Palanga. The company was founded in 2005. On May 25, its main activity is the services of cafes, clubs, bars and restaurants.

The Café "Armenian Kitchen" is located in the very heart of Palanga, J. Basanavičiaus Street 17. It operates daily throughout the year and offers traditional Armenian dishes. Visitors are invited to spend time in the café hall or during the summer - in the backyard. The cafe can be watched on the big screen broadcasts and live music in the evenings.

In addition to catering services, the café offers banquet and buffet organization, as well as accommodation services - newly installed rooms in the same complex are offered for guests. The guests stayed are subject to 10% off the entire café menu.

! ! Please keep in mind that all descriptions below have been translated automatically from the original language

Project description

Funding is required for the reconstruction of the restaurant on J. Basanavičiaus Street in Palanga, for the completion and development of construction . To date, the restaurant has been operating in a single -storey building, but is being reconstructed and increased to three floors.

The aim of the project is to create a modern, spacious and attractive catering and entertainment place , which would match the growing customer flows and seasonality challenges in the Palanga resort. Planned:

  • update the existing infrastructure to meet modern standards and to be more convenient for visitors.
  • expand the premises to 3 floors , thus increasing the number of seats, adapting spaces to different needs:
    • The first floor is the main space of the restaurant with a bar and terrace.
    • Second floor - banquet and private space for events.
    • Third floor - VIP zone or additional accommodation services.
  • invest in modern equipment to ensure efficient and quality service.
  • to install outdoor terraces and patio adapted for the warm season.
  • to ensure energy efficiency - to use modern insulation and heating systems.

This development project will allow the restaurant to become one of the main attractions on Basanavičiaus Street , providing high quality services, cozy atmosphere and greater visitor comfort both during the season and year.

.

Funding is needed as soon as possible to complete the work and guess to open until May. When will the season begin.

Purpose of raising funds

For real estate investments

Information about project owner

Company title
I. Drakšaitės IĮ
Company address
Taikos g. 9-1, Palanga
Company code
300117736
VAT code
LT100005405410
The number of employees
4
Company turnover
50001-100000
Company established in
2005
Contact phone
37065287579

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