[JUST SOLD] Charming cafe, restaurant, AirBnB business for sale Da Nang

<< This is a charming cafe, restaurant, and AirBnB business for sale in Da Nang. Located in the popular Ngu Hanh Son district, a few hundred meters away from the beach, and surrounded by hotels, apartments, and entertainments options for (mostly) foreigners. The location comes with a large garden, 2 floors, 3 bedrooms, and 4 bathrooms. The current owner has only started her business a few months ago, but is pursuing a new opportunity overseas, and is therefore looking to recover her own investment in this business, while giving somebody else the opportunity to continue what she has started. >>

What is on offer:

• Cafe, restaurant, AirBnB business for sale in Da Nang.
• Located in a charming, 2 floor villa, around 250m2 in total.
• Cafe / restaurant on the ground floor, including large garden.
• Including 3 bedrooms and 4 bathrooms divided between 2 floors.
• Large kitchen with oven, microwave, cooking stove, fridge, 2 sinks, and storage.
• Ready-to-operate with fully furnished customer areas.
• High-quality furniture, bluetooth speakers, aircon, high-speed Wi-Fi.
• Counter area with fridge, coffee machine, grinder, blender, and juice machine.
• Airbnb rooms are fully furnished with individual air conditioning.
• Security cameras including, and full inventory list upon request.
• 5 year lease contract, of which 4.5 years remaining.
• VND 25M p/m, 10% increase in year 3, 15% increase in year 4.
• Established since +/- 5 months, selling because moving overseas.
• The building and the land of the homestay are leased, they are not for sale.
• Fully licensed, including for food hygiene, and fire safety.
• Registered as a 100% Vietnamese owned Family household business.
• Conversion to foreign ownership: possible in theory, but challenging in practice.
• Currently reaching +/- VND 40M revenue / month.
• Currently reaching +/- VND 5 – 10M profit / month.
• Asking price is VND 350,000,000.
• Valuation: cost of entry / recovering the owner’s personal investment.
• Reason for selling: moving overseas.
• More photos, further info, and owner contact details upon request !!

Potential of this cafe, restaurant, AirBnB business for sale:

• Important to realize is that the building and the land of this AirBnB business are not included in the sale, because they are leased from a landlord. What is on offer here is an ongoing cafe / resto / AirBnB business, which has only recently been set up, but which is ready for somebody to take over and develop further.
• This business is located in the popular Ngu Hanh Son district of Da Nang city, which is a very popular area for both Vietnamese and expats. It is less than 1km or a 10 – 15mins walk from the beach. Looking at the business’ good online reviews, guests mostly appreciate: the relaxed environment, and the comfortable rooms. Places with a large garden are not so easy to find in Da Nang, and this is indeed a key selling point for this business.
• This business combines a cafe with a restaurant and an AirBnB business. This gives a buyer the opportunity to develop the business in several directions, focusing on what the buyer is most interested in or what he / she finds the most promising. The current owner is happy to support with a smooth handover, and with menu set up, interior design, licensing, and digital marketing.

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LET’s Go

Foreign ownership of this business:

In Vietnam, it is in theory possible for a foreign individual or company to purchase a cafe, restaurant, AirBnB business in Da Nang. The current business for sale is registered as a 100% Vietnamese owned Family household business, which is one of the most simple and practical business registration forms in Vietnam, but this form is open to Vietnamese people only. Meaning that a Vietnamese buyer could try to take over the business structure as is. A foreign owner could try to obtain official ownership, but we expect that this may be complicated / burdensome in practice. Easier for this business would be to cooperate with a Vietnamese partner, if available. Our Bizspective team could advise you in more detail about how this works in practice. We can also support you with the legal / administrative side of the acquisition. If you have any questions about foreign business ownership feel free to contact us directly either via Facebook, WhatsApp, e-mail, or via the “contact us now” form.

Further information:

Are you interested in this AirBnB business for sale? Would you like to learn more about it, for example would you like to see more photos, or would you like to speak with the owner, and/or view the business? Then please click the “contact button” in the top right corner or send us an e-mail at [email protected] . The owner is happy to support. So just drop us a message if you are interested: we look forward to hearing from you! If you are looking for any other businesses for sale and/or other investment opportunities, of course do not hesitate to contact us, or follow this link to see all of our listings.

*Disclaimer: even though our Bizspective team always tries its very best to provide you with correct and complete information: we cannot always independently verify all the information of our listings. We therefore always recommend business buyers and investors to do their own due diligence before moving forward with any of the business / investment listings on our website. If you are looking for professional support with your due diligence: feel free to drop us an e-mail in order to get connected with one of our professional partners around Vietnam.