restaurant for sale Sète, Hérault

€ 438.400

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Located in the heart of Sète, the Mediterranean town known as the “Venice of Languedoc”, this wellestablished bar, brasserie and icecream business occupies a prime position in a lively towncentre area, attracting both local residents and visitors throughout the day.The business has been run by the same owner for 24 years and is now offered for sale as the owner is retiring. A wellknown 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 coownership• 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 landlordThe BusinessThe 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 coownership, and the business holds a Licence IV, so it can be taken over and run straight away.Trading & Financial InformationRent: approximately 5% of annual turnover excluding VAT, no VAT charged on the rentProperty tax: payable by the landlordAsking 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 PotentialThe business currently operates on a reduced trading schedule, leaving significant scope for a new operator.Development opportunities include allday service and sevenday opening during the high season, expanding lunch and dinner service, developing the icecream 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 PotentialThis 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 InformationThe 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!

property description

Franimo nr: #7424352
reference: 340935643548
region: Hérault
close to: Sète
property type: restaurant
rooms: 4
bedrooms: not specified
surface: 280 m2
plot surface: - m2
price: € 438.400

energy consumption

≤ 70A
XXX
70 - 110B
110 - 180C
180 - 250D
250 - 330E
330 - 420F
420G

gas emissions

≤ 5A
XXX
6 - 10B
11 - 20C
21 - 35D
36 - 55E
56 - 80F
> 80G

seller

Capifrance Bon

real estate agent: Capifrance Bon
name: Cécilia Bon
address: 34200 Sete France
speaks: not specified

estimated costs of this property Sète (Hérault)

This is just an example or indication, no rights can be derived from this information.To get the actual costs of this French property please fill out the form above.
Notary fees and taxes
At current selling price/ paid only once.
€ 31.655
Property tax
Estimated
Estimated between € 877 and € 3.069
Housing tax
Estimated
Estimated between € 876,80 and € 2.192
Insurance From 165 euro a year
Energy, depends on your consumption.
A subscription for 3KW at the EDF is about 70 € a year, in addition you pay the costs of use.
Water, depends on your consumption and can differ per municipality (ask at the municipality).
Sewerage, depends on your water consumption and can differ per municipality (ask at the municipality).
If there is no sewerage system available, check whether the current septic tank is up to standard. If not, it has to be replaced. For the placement of a new septic tank, count around 7,000 and 11,000 euros. More information about the septic tank can be found here (in French).
Heating, depends on your consumption and method of heating (wood, oil, electric, etc.).

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restaurant Sète, Hérault, reference: 340935643548

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