Your Own South of France Idyll – Going For A Song

Your Own South of France Idyll – Going For A Song

 

H
ere's an opportunity for people looking to change their lives for la vie méditerranéenne. I came across this wonderful restaurant while doing a travel feature in the South of France – you can read the piece I wrote here.

 BK Restaurant is set into a stone-vaulted space in the beautiful village of Montagnac. Nearby is the Etang de Thau with its famous oyster beds, and the nearest town is Sète, a wonderful place known by some as the Venice of the South of France (it's where the Canal du Midi starts – or ends, depending on your perspective, je suppose).

It's run by the fabulous chef and human being Annett, originally Russian but very much a pan-European – she speaks any number of languages fluently – and Berndt, originally from Hamburg and a fine connoisseur of craft and other beers. 

I'd buy it myself. If I had the money. And could cook. And wasn't too lazy to work hard at running a restaurant. Anyway, here is what they have to say – it's a fantastically affordable opportunity for someone seeking la vie en rose...

Tremendous opportunity to own and run a thriving and top-rated restaurant in the South of France

Restaurant BK is a beautiful and historically significant space in the heart of a picturesque village between Montpellier and Bézier, just 10 minutes from the beaches of the Mediterranean and the famous Etang de Thau, a lagoon famed for its oyster farms. It's close to airports at Bézier and Montpellier.

BK restaurant
BK Restaurant

It comes with a Licence 3, meaning it can serve any kind of alcohol with food and wine and beer without, offering additional sources of revenue.

The dining area has a vaulted ceiling dating back to the 14th century, with exposed stone walls but furnished with modern designer fixtures and fittings.

The total area is 179m² (1,925 sq ft) of which 40m² (430 sq ft) is taken up by the kitchen and dry storage.

The restaurant has a seating capacity of 45 covers with 20 more covers available on a summer terrace outside. The average spend per cover is very high at €56 per person; only 8% of all French restaurants are in this premium bracket.

The business comes with a lease valid until 2022, and renewable thereafter for three, six or nine years for a monthly rent of €950 + VAT, very competitive for such a premium site; the friendly, helpful owners would also consider discussing selling the freehold.

Although only open on a part-time basis presently, the business is currently delivering a turnover of around €135,000 per annum, with a solid and regular local clientele, as well as tourists and passing trade.

The bar

At present we are open all year round, Tuesday to Saturday evenings only, meaning potential for growing the lunchtime trade, as well as Sundays, with 6 weeks' holiday per annum. We also host tastings, exhibitions and dinner concerts.

The income provides an excellent quality of life for a couple working together. This represents a marvellous opportunity for an English expat couple because of the many English families living in and around the village of Montagnac, where the restaurant is sited by the main village square.

Presently, cuisine is based around fresh quality local produce, with a large wine cellar and a wide range of international beers, especially German and other European ones.

 

This offers huge potential to develop a lunchtime service, presently impractical as the owners have young children, as well as a wine and beer bar. There are also numerous opportunities for participation in the numerous activities hat take place in the village and its environs, representing further business opportunities for buffets and light meals, as well as selling alcohol.

There is no outstanding debt or liabilities, no brewery contracts to inherit and no employees to take over. It is a cash and credit-card business, with no luncheon vouchers or travellers' cheques accepted.

There are no hidden expenses, everything conforms to the norm for such a business and comes with all appropriate certification.

The cellar: Wish you were beer

The business comes with enormous goodwill as it has garnered an excellent reputation both locally/nationally and internationally, with numerous mentions in the press, glowing reviews on TripAdvisor (it has five stars out of five and it's in the Top 10 on Tripadvisor for the entire region – an enormous region, at that!), and it's recommended by the Office of Tourism and Languedoc Wines. We also work with Decanter magazine for wine and food pairings and tastings events.

It comes with established social media platforms (Facebook, Instagram, Pinterest) and the acquisition would include all intellectual property such as logo, signboards, business cards, flyers and so on, offering an ideal opportunity for a couple seeking a minimal risk venture in the catering trade near the sunny Mediterranean coast. The business has excellent relations with local wineries and chateaux, which offer bookings as private chef and for catering.

Equipment includes: piano, induction, gas, 2 ovens, hob, two fridges, freezer, dishwasher, tables and chairs, worktops, quality plates and cutlery, high-performance extraction and new air conditioning. High-spec design furniture is made of custom-made ash-tree wood.

This is a plug-and-play investment opportunity, in that it is a trading business that can be taken over seamlessly. Crucially, no more investment is needed.

Price: *€155,000 without vehicle // €167,000 with utility vehicle (Renault Kangoo long version, 2.5 years old, 50,000 kms/30,000 miles only)

* Investment so far has been a documented €115,000 over the past five years, meaning only 30% has been added for turnover and reputation; this compares with a more usual premium of 80% for turnover and reputation, and reflects the owners’ desire to achieve a rapid sale in order to relocate and focus on arranging their children’s education