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Boem Group

presented by October France

€38,400

4.5%

48 months

B+

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location

Location

Paris, France

activity

Activity

Restaurants and catering services

Presentation of the company

Created in 2016, Boem Group is active in the restauration sector. The company, managed by Olivier Plâa, Emmanuel Seviran and Bastien Peillier has 15 employees and is based in Paris. The company exploits 2 sushi fusion restaurants in the 2nd district. The restaurants were created in 2011 and acquired in 2017 by the current shareholders.

The company’s main activity is restauration with fusion between japanese and californian food.

The company works with individuals and begins its business to business activity.

Project Description

Mr. Attuil wants to sell his activity valued under the market standard. The company Boem Group wishes to borrow 38 400 € over 48 months to finance part of the acquisition of the underlying business company and a foodtruck. The new restaurant has a capacity of 45 seats and the existing concept will be applied. This project will be realised in the next few months.

The amount offered on the platform is limited to 18 816€, which is in line with the regulatory limits.

Analyst’s Opinion

With a turnover of 1 096 234€ in 2017 and an experienced team, the company has a good track record combined with an acceptable operating margin.

Over the last 3 years, the increase of the turnover is linked to the increasing attendance. Last year, the profitability decreased because of legal fees of acquisition. The forecast is based on the combined performance of both activities

The borrower has a good repayment capacity with a forecast FCCR (Fixed Charge Cover Ratio *) at 1,62 and a strong financial structure, with a forecast net debt / ebitda ratio of 1,3 and a net debt / shareholder equity of 293%.

The analysis of the project leads to a credit rating of B+ and 4,5% annual interest rate.

Strong points:

  • Good historical performance based on diversified client base.
  • Good repayment ability with a forecasted FCCR of 1,62.
  • Good positionning with experienced restaurant owners as associates

Point of vigilence:

  • Important costs the first year follwing the acquisition of the establishment.

Warning: Transparency Statement: Indirect shareholder relationships exist between Boem Group and Lendix since Mr. Seviran is also a shareholder of Lendix. However, given the proportion of its shareholders, the absence of a corporate mandate within Lendix and the absence of hierarchical links, there is no conflict of interest situation. 

*The multiple of FCCR at 1,62 means that the company has a safety margin of 62% relative to its ability to repay its credit maturities.

The expert opinion is given as an indication on the basis of the elements provided by the project holder and information from our databases (Scores & Decisions, Corporate Banking File). This opinion is only an element of reflection in the decision making of a lender to participate in the financing of a project.