presented by October France
lent to this project, means…
paid back in total
taxes not includedCreate your account
Warning Lending money to SMEs presents a risk of capital loss and requires your savings to be immobilised.
Restaurants and catering services
Created in 2015, Elena is active in the catering sector. The company, managed by Patrick Thierry Guillemaut, has 1 employee and is based in Saint jean Cap Ferrat. The restaurant is located next to the port, a very touristic area. It operates under the trade name "Les Délices de Marius".
The company’s main activity is selling bread, pastries, sandwiches and drinks on site and to take away.
The company works with 200 customers per day during the winter and more than 350 during the summer.
Patrick Guillemaut wants to retire and sell his company to Jean-Michel Chassal, former general manager for 24 years of the restaurant "La Sierra", located in Saint-Paul de Vence.
Mr. Guillemaut wants to sell his restaurant worth €295,000, based on market standards. Mr Chassal via a dedicated company, J.J.J, wishes to borrow €218,000 over 60 months to finance the acquisition of the underlying company. The balance is financed by a personal contribution. This project will be completed next month.
This project is a flexible bridge loan, an amortizable loan with a standard commitment for the first 9 months and the possibility of early repayment free of charge for the remainder of the loan term, even in the event of refinancing by other financial institutions.
With a turnover of 368 000 € in 2017 and an experienced team, the company has a good track record combined with a two-digits operating margin.
The important turnover in 2016 is due to the longer financial year of 23 months. The forecast is based on the performance of 2017.
The borrower has a good repayment capacity with a forecast FCCR (Fixed Charge Cover Ratio *) at 1,19 and a strong financial structure, with a forecast net debt / ebitda ratio of 1,81 and a net debt / shareholder equity of 211%.
The analysis of the project leads to a credit rating of C and a 7,4% annual interest rate.
Points of vigilence:
*The multiple of FCCR at 1,19 means that the company has a safety margin of 19% 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.