SOLD – Art and culture business for sale in Hoi An

*** 11/3 update: the foreign owner of this art- and culture business has considerably reduced her asking price, from VND 275,000,000 to VND 175,000,000 (negotiable). The main reason is that she is looking to sell her business as soon as possible, ideally before the end of this month. Feel free to message us for further info, and a viewing / meeting with the business owner. ***

<< This is a 100% foreign owned arts (wholesale and retail), culture, consulting, and architecture business, registered in picturesque Hoi An. One of only very few officially registered businesses in this field, and arguably the only professional, full service art gallery in the whole of Central Vietnam. The current owner is an artist who would like to retire, and the purchase comes with a wonderful gallery in Hoi An, as well as an art exhibition space in a luxury Hoi An resort. This is an interesting opportunity for somebody with a passion for arts, culture, and tourism. >>

What is on offer?

• 100% foreign owned arts, culture, and architecture company in Hoi An.
• The company is licensed to sell art for both wholesale and retail.
• Options to diversify into many other fields of culture and tourism.
• The company comes with the option to sponsor a foreign buyer with a visa.
• Displaying and selling art from various local artists on a consignment basis.
• Very good reputation in Hoi An, Vietnam, and even overseas.
• This business for sale includes an art exhibition space at a luxury resort in Hoi An.
• Beautiful art gallery / workshop / residence is also included upon discussion.
• Very well connected with local artists in Vietnam.
• Cooperating with many hotels and retail shops around Vietnam.
• Functional website with International outreach and sales.
• The business is present on social media, and the account is included.
• Various online sales channels, e.g. website, Facebook, Instagram.
• The owner offers transition training, and a smooth handover.
• The owner is open to discuss staying involved for a shorter or longer period.
• Annual sales: +/- VND 360,000,000 and annual profits: +/- VND 200,000,000.
• Asking price: reduced from VND 275,000,000 to VND 175,000,000 negotiable.
• Reason for selling: the owner would like to retire.
• More info, more photos, and contact details of seller upon request !!

Potential of this business for sale:

• The owner of this business for sale has passionately worked for about 6 years to develop this business. She is a very talented foreign artist, who is very well connected, and who has build up a great reputation in- and outside of Vietnam. A buyer could take over what she has built, and lift it to new levels.
• Registering a foreign owned company in the field of art, culture, and architecture is not easy, especially not in Hoi An. This business, which is also compliant from an auditing perspective, has already obtained the required Government approvals, saving a buyer lots of time and effort. Its current registration allows to diversify into many other fields of culture and tourism.
• This is arguably the only full service art gallery / art business that is operating in the whole of Central Vietnam. For somebody with a passion for art, culture, architecture and/or tourism this could be a very interesting opportunity. Located in beautiful Hoi An, and with tourism coming back, this business for sale offers lots of opportunities.

Foreign ownership:

This business for sale in Hoi An is currently registered as a 100% foreign owned limited liability company. Meaning that it could be bought by either a foreign- or a Vietnamese buyer. From our side, our Bizspective team can advise you in more detail about the legal / administrative side of the acquisition. If you have any questions about foreign business ownership you can contact us directly either via Facebook, WhatsApp, e-mail, or fill in the “contact us now” form.

Further information:

Are you interested in this 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? Then please click the “contact button” in the top right corner or send us an e-mail at [email protected] . The owner is very kind and 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.