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Tempobac Restoleil

presented by October France



60 months


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Saint-Jorioz, France



Restaurants and catering services

Presentation of the company

Founded in 1995, Tempobac Restoleil is the holding company of the Restoleil group, specialising in seasonal, sea and mountain catering. The company, managed by Michel Porcel, employs 248 people and is based in Saint Jorioz. the group manages nearly sixty restaurants, bars, hotel restaurants, 4-star campsites and mini-markets throughout France.

The group’s activities are:

  • the management of its own brands
  • operation of restaurants for large groups. The group has a partnership with Cap fun and Pierre & Vacances notably
  • management of catering services for very large volumes for seminars, trade fairs and professional events

The company works with tourists and residents of different regions.

The group is ranked 31st among catering groups in France (BRA 2016 magazine ranking out of 221 groups).

Project Description

The company wishes to borrow €1,557,000 over 60 months, with a 3-month grace period*, to finance works and ancillary costs relating to the acquisition or creation of goodwill by the end of 2018.

This is a flexible bridge loan, offering the borrower the possibility to prepay without fees beyond the first 9 months.

This project is a medium-term loan with a capital amortisation deferment proposed on the Lendix platform and as such presents a method of capital repayment different from standard projects. The first 3 months, the lenders will receive interest and the following 57 months, the lenders will receive interest and principal amortization. This principal repayment profile matches the borrower’s financing needs while allowing lenders to earn a higher amount of interest.

Like all projects presented to private lenders on Lendix, it is co-financed with institutional investors, sophisticated investors and the management of Lendix, subscribers to the Lendix Fund.

Analyst’s Opinion

The borrower is the holding company of the group whose income comes from services invoiced by its subsidiaries. Our analysis was performed on the consolidated financial statements, which reflect the Group’s performance.

With a turnover of 27 720 000 € in 2017 and an experienced team, the company has a good performance record in terms of activity combined with a solid operating profitability.

The growth in turnover is driven by the increase in the group’s activities and its external growth.

The forecast has been prepared on the basis of the performance forecast for 2018.

The borrower has a solid repayment capacity with a fixed charge cover ratio* (FCCR) of 1.28 and a strong financial structure with a net debt to EBITDA ratio of 2.4 and net debt to equity ratio of 193.0%.

The analysis of the project and the borrower leads to a B rating with a strong financial solidity and a rate of 6.00% per year.


  • Good performance record with restaurants and points of sale enjoying good visibility
  • The Restoleil Group ranked 31st among restaurant groups in France
  • Good repayment capacity with a CCRF of 1.28

Vigilance Point:

  • Very competitive market

The multiple of CRFC at 1,28 means that the company has a safety margin of 28% 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.