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presented by October France



36 months


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Restaurants and catering services

Presentation of the company

Established in 2014, NYC is a restaurant / brewery. The company, run by Kamal Al Rineh, employs 15 people and is based in NICE.

The Rina offers traditional cuisine in a bistro-style atmosphere. It is open 7/7, from 7am to midnight with 2 teams. With a privileged location in a pedestrian zone, near the Promenade des Anglais, the Rina has a capacity of 60 seats in the dining room and 120 on the terrace. The average ticket is 40 € with a clientele consisting mainly of Anglo-Saxon tourists.

The activity has a strong seasonality: – High season from March to October with several cultural / sporting events (Nice Carnival, Cannes Film Festival, Monaco Grand Prix, football matches) and holidays Summer (400 to 500 covers a day in summer) .- Low season from November to February with a decrease in attendance mainly related to the cooler climate.

The head and head of the establishment, Al Rineh Kamal is from Nice and has a good experience in catering. He worked for 10 years in a restaurant / bistro in New York before taking over establishments in Nice. In addition to the RINA, it also has the YBANNE (Lebanese specialties) and recently the villa RINA.

The establishment distinguishes itself from the competition by its high-end positioning, a prime location and a experienced team.

Project display

As part of its development, the Rina completed at the end of 2017 development and acquisition of equipment that was self-financed. The facility has acquired equipment such as ovens, bar services and video surveillance equipment. The company wants to borrow € 104,000 over 36 months to refinance these investments.

Like all projects presented to individual lenders on Lendix, it is co-financed by investors investors, and the management of Lendix, subscribers of the Lendix Fund.

Analyst’s opinion

With a turnover of 1752342 € in 2016 and an experienced team, the company has a good track record in terms of activity combined with operational profitability

In 2016, the increase in turnover and profitability is linked to an increase in attendance. The 2014 financial year is not representative. It includes only 5 months of activity following the recovery of the business

The forecast was developed on the basis of the performance of 2016.

The borrower has a solid repayment capacity with a forecast fixed charge coverage ratio (FCCR) at 1.25 and a strong financial structure with a projected net debt / Ebitda ratio of 1.0 and net debt / equity of

by integrating the current accounts of partners.

The analysis of the project and the borrower lead to a B rating with a strong financial strength and a rate of 5.45% per year. / p>


  • onne history of activity since the recovery with a prime location, an experienced team and a leader
  • onne note (4/5) on advisory and advisory platforms (Tripadvisor, Lafourchette, Yelp)
  • onne prospective repayment capacity with a 1.25 FCCR

Vigilance points:

  • Seasonality activity

*The multiple of FCCR at 1,2 means that the company has a safety margin of 20 % 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 (ModeFinance, Crif, Cerved). This opinion is only an element of reflection in the decision making of a lender to participate in the financing of a project.