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Listing ID: 1087282

Popular Bar & Restaurant

Massat, Foix, Midi-Pyrénées, France

€ 250,000

(Furniture / Fixtures included)

Revenue: € 60,000

Cash Flow: € 460,000

Business Description

An opportunity to acquire a well established and popular bar and restaurant with lots of further potential for the right buyer.

It is situated in the heart of Massat, a small town in the Midi-Pyrenees. With a regular clientele consisting of French natives, together with English, Dutch and German expats. It is already the place to go for anything from a quick morning coffee to a long, leisurely dinner, and benefits from a significant increase in business during the summer months with the influx of tourists from France and abroad.

The current owner has been very proactive in catering to the needs and expectations of his customers. He now wants to concentrate his efforts on expanding the adjacent hotel, and is therefore looking to find a buyer with a similar customer-service focus to take on the bar and restaurant. The restaurant offers a high standard of food and is open every day of the year to ensure that customers are never disappointed.

THE BAR
The bar has been recently refurbished to create a cosy place to meet friends for a drink, or to watch live sport on the TV. Business starts at 7.30 am with customers coming in for their morning coffee, and continues throughout the day until late evening.

THE RESTAURANT
The restaurant has also been refurbished and offers a floor space of around 100m2 with 40 covers. There is a terrace offering another 200m2 and 70 covers directly in front. The restaurant currently averages 70 covers per day and is open from noon to 2.30pm and 7.30 to 9.00pm (sometimes later during busy periods) every day of the year. It also serves as the breakfast room and dining room for the adjacent 10 bedroom (soon to be 13 bedroom) hotel, and can expect to see increased business from this source in the future.

OUTSIDE CATERING
The business has been developing an outside catering service, and there is lots of scope to increase this business, especially as a brand new municipal function suite is being opened soon only a few hundred metres away. The restaurant and bar are also conveniently situated in close proximity to the town square and the recreation ground (le Puech), both of which are venues for local entertainments.

STAFF
The business benefits from a full complement of experienced staff, and the current owner is prepared, by separate arrangement, to stay on for as long as needed to help the new proprietors find their feet. It really is a question of walking straight into an existing business with no disruption to trade or income.

FINANCES
The business is for sale for €250,000. Annual turnover of the bar and restaurant combined is currently €460,000, with a net profit of €60,000, split roughly equally between the two. The building is available for a monthly rental of €1,200.

ACCOMMODATION
There is an apartment of 120m2 directly above the bar and restaurant for the new owners to rent separately. It has a family bathroom and a separate cloakroom. It also has a small private terrace. Monthly rental is €650 per calendar month, inclusive of utilities.

ACTIVITIES/LOCAL AREA
Nestled at the end of a 30km long valley East of St. Girons, Massat has recently been the focus of considerable investment. There's a new medical centre due to open in the summer of 2015, and a new municipal function suite opening soon only a few hundred metres from the business, to provide local people with a venue for weddings, parties, meetings and group activities.

The town is served by a number of shops and businesses, including a pharmacy, hairdresser, post office, newsagent/tobacconist, household/ironmongery business, wine/cheese shop, butcher/delicatessen, a shop selling organic produce, an estate agent and a small supermarket. The nearest large town is Saint Girons, about 30km away, which has the usual complement of supermarkets, banks, insurance agencies, and larger stores as well as lots of small independent retailers. There is a railway station at Tarascon (about 45 minutes) and airports at Carcassonne (Ryanair) and Toulouse International (most major airlines, including Easyjet to London and Bristol), both within 1.5 hours by car.

Massat is a popular destination for walkers, mountain climbers, skiers, anglers, bikers, mountain bikers and especially cyclists, who come to ride the local cols, many of which have been included in the Tour de France on many occasions. Throughout the year there are regular activities for the amusement of local inhabitants - fairs, markets, vide greniers, fêtes and dances. There's a local annual cycle race and a cyclosportive that takes place every year in the surrounding areas, known as l'Ariegeoise", which attracts several thousand participants.

OTHER OPTIONS
The current owner is very flexible and willing to consider any serious proposal for the business, including a tenancy agreement for the bar and restaurant instead of a sale, selling the hotel business as well as the bar and restaurant, or even selling the entire operation including the buildings.

Property Details

Size:

120

Years Established:

7

Property Type:

Lease

Other Details

Business Location:

Centre of town

Premise Details:

Established bar and restaurant, adjacent to hotel

Competition:

No significant competition

Expansion Potential:

Potential to expand with outside catering facilities, but also to service the adjacent hotel which is continually expanding

Living Accommodation?

Yes
Self-contained 3-bedroom apartment available for an extra rental of €650 per calendar month, inclusive of utilities.

Operation Details

Employees:

7 mainly part-time

Trading Hours:

7.30 am to late evening, every day of the year

Support & Training:

Current owner is willing (by separate arrangement) to support the new owners for as long as they need to find their feet

Miscellaneous

Reason For Selling:

After seven years of establishing the bar and restaurant, the current owner wants to devote more time to other business interests, including expanding the adjacent hotel.

Contact this seller

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