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CANNES 06400

Cocktail Bar - Business for sale in Cannes (06)

  • surface area
    110 m2
  • Revenue
    1 600 000€ H.T.
  • EBITDA
    275 000€
Bar
1 870 000€

Presentation of the commercial premises : Bar for sale in CANNES

Cocktail Bar & Restaurant for Sale – Prime Location Cannes City Center – High Profitability Cannes – City Center – Premium Location Rare opportunity for sale: cocktail bar with evening restaurant located in the heart of Cannes, in a prime, high-traffic location within an iconic area of Cannes nightlife. This historic and renowned establishment in Cannes, operating as a bar, pub, and evening restaurant, enjoys a strong local and international reputation, particularly during major events such as the Cannes Film Festival, MIPIM, Lions, and international festivals and congresses. The establishment boasts a highly successful cocktail bar and evening restaurant business, with a diverse clientele of locals, tourists, and event professionals. Key Features Total Capacity: approximately 200 seats Indoor seating Outdoor terrace Concept: cocktail bar – pub – evening restaurant Prime location in the center of Cannes Open almost year-round, primarily at night Establishment in good general condition, ready to operate immediately Established reputation built over several years Financial Performance Turnover: approximately €1,600,000 (excluding VAT) EBITDA: approximately €275,000 to €280,000 Very strong seasonal and event-driven business The business model is particularly successful during major international festivals and congresses in Cannes, generating high profitability over short periods. Rental Conditions Monthly rent: €4,100 including charges Terrace included in the lease This rent level remains very competitive for a prime location in Cannes with this seating capacity. Transfer Terms The transfer will be carried out through the sale of the shares of the operating company, allowing for a complete transfer of the business and its assets. Our professional opinion: A rare opportunity on the market: a profitable nightclub in Cannes with strong potential for development as a cocktail bar and festive restaurant. ➡ A real cash cow during peak periods. Perfectly suited for: restaurant groups, investors, hospitality companies, experienced operators, and those interested in a premium cocktail/nightlife concept. Contact: Full details and further information available upon request. A must-see opportunity.
Les informations sur les risques auxquels ce bien est exposé sont disponibles sur le site Géorisques : www. georisques. gouv. fr.

** ENGLISH SPEAKERS: please note that Capifrance has an international department that can help with translations. To see our range of 20,000 properties for sale in France, please visit our Capifrance website directly. We look forward to finding your dream home!

Additional information :

Total price including fees 1 870 000 €
Price excluding fees 1 700 000 €
Fees payable by the buyer are 10% all taxes included

To view the fee schedule : click here

Location of the commercial premises : Bar for sale in CANNES

06400 CANNES

Features of this property :

340 936 820 221
2
110
1 870 000 €
1 600 000€ H.T.
275 000€

Capifrance advisor in charge of this property

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FAQ
The Capifrance team answers your frequently asked questions:

Investing in commercial properties can offer several attractive advantages for investors. Here are some reasons why this type of investment can be appealing:

High returns
Tenant stability: Businesses tend to sign long-term leases (often between 3 and 9 years). This provides stable rental income over the long term and reduces the risk of vacancy.
Property appreciation: Commercial properties can increase in value over time, especially if they are located in developing areas or thriving business districts.
Diversification opportunities: Investing in commercial properties allows for the diversification of an investment portfolio. This helps reduce risks by spreading investments across different types of real estate assets (offices, retail spaces, warehouses, etc.).
Less daily management: Compared to managing residential properties, commercial properties require less daily management. Tenant businesses are generally responsible for routine maintenance.

There is no tacit renewal. The tenant must request the renewal of the lease 6 months before the lease's expiration. This request cannot be refused.

In the case of tacit extension, the conditions of the initial lease continue to apply, but the parties can terminate the lease at any time, subject to a notice period. The terms of the lease (rent, charges, etc.) continue to apply. If the lease duration exceeds 12 years, the landlord can uncap the rent (i.e., the rent will be set at the market rental value commonly practiced in the vicinity).

Valuing a business requires a comprehensive approach, taking into account the financial, commercial, material, and immaterial aspects of the company. Consulting a specialist in business valuation can also help to obtain an accurate and professional estimate.

Do you need advice for your real estate project? Contact a Capifrance advisor

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