Profitable Restaurant for Sale in Cannes, France

For Sale: Attractive restaurant in Cannes, France that was featured in Michelin Guide France.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales USD 1.8 million
Run Rate Sales USD 2 million
EBITDA Margin 24 %
Industries Restaurants
Locations  Cannes
Local Time 9:50 PM Asia / Shanghai
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 1 million (Native Currency: USD 1,000,000)
Reason: The owner's operating office is located in the south of Italy and therefore there is a long distance... View More
Includes physical assets worth USD 1 million
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Business Overview

- 2-year old restaurant business in Cannes has been serving traditional Italian food, alcohol and beverage.

- We serve customers in search of celebrations, business meetings and private lunch, dinner and casual dining.

- In the 1st year of operation, we ran the business for 8 months and served 7,300 guests. Last year we ran for 9 months and served 13,200 guests.

- This year we have been serving 40-50 customers on a daily basis.

- Facility has a total of 120 seats including an indoor and outdoor seating area.

- Business was listed on Michelin Guide France which is a reputed restaurant guide in France.

- Have 4 different licenses to serve the spirits at the facility.

- Facility also has a meeting room for corporate clients.

- Owner is an Italian and he is China temporarily and would be reachable on his new local number.

- Physical assets include fixed furniture, air conditioning, electrical products, remote surveillance, technical equipment of the kitchen, interiors and utensils.

Products & Services Overview

We serve traditional Italian food, drinks, beverage for celebration, business meetings and private lunch, dinner and walk-in customers.

Facilities Overview

Restaurant is completed with high-end furniture and equipment. Rented area is 184.75 sqm net excludes the external served area of 24 sqm. Well equipped with full air-conditioning, audio system, safety system.

Monthly rent is EUR 8K.

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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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