FOR SALE – BRASSERIE – LICENCE IV – EXTRACTION – LARGE TERRACE – SÈTE, SOUTH OF FRANCE
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surface area
280 m2
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Revenue
423 494€ H.T.
Presentation of the commercial premises : Restaurant for sale in SETE
The business has been run by the same owner for 24 years and is now offered for sale as the owner is retiring. A well-known local address, giving a new operator the opportunity to take over an established business and develop its full potential.
Key Features
• Licence IV (full drinks licence)
• Kitchen equipped with a 400 mm extraction system approved by the co-ownership
• Indoor dining area of approximately 80 seats, with bar counter and two private areas
• Large terrace (public domain, municipal permit) with approximately 180 seats
• 28 m glass frontage overlooking the quay
• Prime location in the heart of Sète
• Commercial lease renewed in 2023, running until 2031, permitting all types of business activity
• Rent of approximately 5% of annual turnover excluding VAT, with no VAT charged
• Property tax paid by the landlord
The Business
The premises comprise a dining room of approximately 80 seats with a bar counter and two private areas, extended by a substantial terrace on the public domain offering approximately 180 additional seats. The terrace benefits from strong seasonal demand and is particularly busy during the warmer months. The 28 m glass frontage opens widely onto the quay.
The kitchen is equipped with a 400 mm extraction system approved by the co-ownership, and the business holds a Licence IV, so it can be taken over and run straight away.
Trading & Financial Information
Rent: approximately 5% of annual turnover excluding VAT, no VAT charged on the rent
Property tax: payable by the landlord
Asking price: €438,400 including agency fees (VAT included), payable by the buyer (agency fees: 9.6% incl. VAT of the price excluding fees).
Further information regarding turnover, profitability and the terms of the takeover is available upon request.
Development Potential
The business currently operates on a reduced trading schedule, leaving significant scope for a new operator.
Development opportunities include all-day service and seven-day opening during the high season, expanding lunch and dinner service, developing the ice-cream and takeaway offering for passing customers, and introducing evening events, live sports broadcasts and private functions.
Sète has a population of approximately 45,000 and attracts several million visitors each year, with a significant increase in visitor numbers during the summer season.
An Established Business with Further Potential
This is an attractive opportunity for an experienced restaurant couple, an operator looking to acquire a second establishment, or an established hospitality brand seeking a prominent location in Sète.
The combination of a large seating capacity, Licence IV, a kitchen with extraction, a long trading history and a lease running until 2031 provides a strong foundation for a new operator to take the business to the next level.
Further Information
The exact location, trading name and financial statements will be disclosed on request, in strict confidence, to genuinely interested parties.
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 438 400 €Price excluding fees 400 000 €
Fees payable by the buyer are 9.6% all taxes included
Location of the commercial premises : Restaurant for sale in SETE
Features of this property :
| 340 935 643 548 | |
| 4 | |
| 280 m² |
| 438 400 € | |
| 423 494€ H.T. |
Capifrance advisor in charge of this property
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
