Lakeside bar business for sale in Hanoi

<< The owner of this lakeside (cocktail) bar business for sale in Hanoi is looking for somebody to take over. The bar is located right on the shore of Hanoi’s famous West Lake, and it has lots of foot- and bike traffic every day. It is fully furnished, fully equipped, and fully decorated. Very suitable for live music events, which the current owner organized on a regular basis. The bar received good reviews especially for its cool vibes, good cocktails, and indeed its live music events. The owner herself is unfortunately too busy managing her other business (restaurant), and she is ready to negotiate the price for a quick sale. >>

What is on offer:

• Bar business for sale in Hanoi, located right on the shore of the famous West Lake.
• Current opening hours: 17h00 – 00h00.
• Good reviews online for: cool vibes, good cocktails, live music events.
• Currently serving: cocktails, beer, soft drinks, coffee, tea, and snacks.
• Fully furnished, decorated, and equipped: a turnkey (cocktail) bar business.
• 1 employee, who is encouraged to stay with a new owner.
• Total space: around 70m2, all on the ground floor.
• Lease price is currently VND 20,000,000.
• Lease expires soon, landlord has already offered to extend for the new owner.
• Currently registered as a 100% Vietnamese owned company.
• Revenue: currently generating around VND 60,000,000 / month.
• Profit: Currently at break even.
• Asking price: VND 350,000,000 all inclusive, negotiable.
• Valuation: inventory, set up, social media, recipes, network.
• Discount: the owner is willing to negotiate for a quick sale.
• Purchase options: full buy out is preferred, but partial purchase is negotiable.
• The owner is offering full transition support.
• Reason for selling: the owner is too busy managing her other business (restaurant).
• Photos, video, and owner details upon request !!

Potential of this bar business for sale in Hanoi:

• This lakeside (cocktail) bar business for sale in Hanoi is located in the very popular and central West Lake area, or “Ho Tay” as it is called in Vietnamese. This is the area where foreigners and affluent Vietnamese like to live and visit, escaping the hustle and bustle of downtown Hanoi. It is also well known for good F&B options, meaning that there is a great amount of potential customers around. Currently, the business is popular among Vietnamese and foreigners alike, and because it is located right on the lakeside, the business has lots of foot / bike traffic every day.
• This business is “turnkey”, meaning that everything is already set up, and that it already has a brand and reputation. It is fully furnished, equipped, and decorated. Indeed it is ready for somebody to take over. A new owner is of course free to keep the business going as it is now, or to give it their own new twist. Even for buyers who do not have a lot of experience in the food and beverage industry: the current Vietnamese owner offers to provide a soft handover.

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Foreign ownership of a bar business:

In Vietnam, it is possible for a foreign individual or company to purchase a bar business for sale in Hanoi. Please note that the current business is registered as a 100% Vietnamese owned company (LLC). For Vietnamese buyers: it may be possible to take over the legal entity as it currently is. Foreign buyers would need to either convert the business into a foreign owned limited liability company, or they could establish a new legal entity and buy only the assets of this business. Our Bizspective team can advise you in more detail about how this works in practice. We can also help you with 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 via the “contact us now” form.

Further information:

Are you interested in this bar business for sale? Would you like to learn more about it, for example would you like to see more photos and a video, 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 admin@bizspective.com . 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.