About the Business
2009313 Alberta Ltd O/A Big Fish, Open Range
1112 Edmonton Trail NE
2009313 Alberta Ltd O/A Big Fish, Open Range is an Alberta Corporation.
Saravanan Senniappan is the primary owner of Big Fish and Open Range. He comes from a long background of experience in hotel and restaurant management. Beginning with a hotel management degree he worked for a number of years for Marriott Hotels in India. Moving to the UK, he became the First Cook on a number of cruise lines, before deciding to move to Canada. From there he managed a high-volume restaurant, successfully challenging his Red Seal before going further and becoming a Certified Chef de Cuisine, the highest form of certification available in the food industry. Since purchasing Big Fish and Open Range in 2016 he has also opened a third restaurant, The Main Dish in Bridgeland, uniquely focused on take away meals.
Saravanan and his wife Sudha Thangavel both own 50% of the company.
Description of Business
Big Fish is a cozy seafood and oyster restaurant that has been in operation with its partner restaurant Open Range for over 15 years. It has often been rated as one of the top seafood restaurants in Calgary by the likes of Avenue Magazine and has received good reviews from local food critic John Gilchrist. Their menu focuses on creatively prepared, sustainably-sourced fish and shellfish. Now with new owners as of 2016, Big Fish is continuing to strengthen its brand and their legacy of delicious seafood served in a cozy environment.
Use of the Funds
Big Fish is looking to improve it’s patio area this spring requiring both interior and exterior renovations. They are looking to raise $100,000.00 through their loan with ATB LendR. Their LendR loan will help them:
Improve the overall look and comfort of their patio area
Modify their interior space to accommodate the exterior change
Help them promote their business and their new patio
Purchase new equipment to help with their increased traffic
Terms of LendR Loans
Loans will have a term of 2 years (24 months), beginning after the loan is successfully funded. 2009313 Alberta Ltd. will repay the principal plus 15% interest, calculated as a blended loan. 2009313 Alberta Ltd. will make monthly payments of 1/24 the total repayment amount. If 2009313 Alberta Ltd. chooses to repay the loan early, the principal plus the full interest remaining in the 24 month period must be paid.
2009313 Alberta Ltd. represents two well established restaurants. However, there are financial, operational, and market risks for any business. Some that apply specifically to this business include:
This Lending Profile does not contain a statement that, in a material respect and at the time and in light of the circumstances in which it is made, is misleading or untrue and it does not fail to state a fact that is required to be stated or that is necessary to make a statement not misleading.
Certified as of:
By: April 4, 2018
By: April 4, 2018