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CANNES 06400

Restaurant business for sale in Cannes (06)

  • surface area
    120 m2
  • Revenue
    800 000€ H.T.
  • EBITDA
    120 000€
Restaurant
715 000€

Presentation of the commercial premises : Restaurant for sale in CANNES

Prime Location Restaurant in the Port of Cannes – Terrace with 80 Covers – €800K Turnover. A rare opportunity for sale. This ideally located restaurant on the port of Cannes benefits from a prime location with high visibility and year-round tourist traffic. Completely renovated two years ago, the establishment operates in an elegant setting perfectly suited to traditional and Mediterranean cuisine. Key points of the business: Prime location on the port; Terrace: 80 covers; Indoor dining room: 40 covers; Total capacity: 120 covers; Recently renovated establishment; Mixed clientele: tourists and locals; Excellent visibility; Performance: Annual turnover: €800,000; Adjusted EBITDA: €120,000; Consistent business throughout the year; Significant development potential; Sale conditions: Sale in the form of shares; Partner's current account included; Sound and well-run business; Environment: Strategic location on the port of Cannes, a highly sought-after area with: high tourist traffic; proximity to beaches and the city center; numerous hotels nearby; The building belongs to the municipality, guaranteeing a long-term location in a prime area. Ideal for a chef couple wishing to run their own establishment or professionals looking to establish themselves on the French Riviera. 📩 Complete file and financial information available upon request. Rare opportunity for professionals looking for a restaurant with a terrace on the port of Cannes. Direct contact recommended to receive confidential information and arrange a visit. Restaurant Cannes, restaurant port Cannes, restaurant terrace Cannes, restaurant with port view, restaurant business for sale in Cannes, restaurant French Riviera, prime location restaurant, 80-seat terrace restaurant.
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 715 000 €
Price excluding fees 650 000 €
Fees payable by the buyer are 10% all taxes included

To view the fee schedule : click here

Location of the commercial premises : Restaurant for sale in CANNES

06400 CANNES

Features of this property :

340 938 208 900
120
715 000 €
800 000€ H.T.
120 000€

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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