SOLD – Central and popular bar business for sale in Hoi An

*** 19/2: the owner of this bar has reduced her asking price from VND 400,000,000 to VND 300,000,000 negotiable. The reason for doing so, is that she would like to find a buyer as soon as reasonably possible. If you are interested in this bar, please contact us for more information and a viewing / meeting with the owner. ***

<< The owner of this central and popular bar business for sale in Hoi An is looking for somebody to take over her bar, and take it to the next level. The bar serves craft beer on tap, creative cocktails, some of which are based on Vietnamese (!!) liquor, and fusion style snacks. In the 1 year that the bar has been opened, the owner has built a good foundation, including: trendy decorations, great drinks, several events, good vibes, and a very good reputation among its (mostly) foreign guests. This is a turnkey bar for sale, very centrally located in bustling Hoi An, which is arguably Vietnam’s #1 tourist city. >>

What is on offer?

• Bar for sale, located centrally in Hoi An (UNESCO ancient town).
• Popular among Western foreigners (90%) and Vietnamese (10%).
• Very good reviews online for: location, vibes, food and drinks, staff.
• The bar has a modern and trendy style, great for having a good time.
• 87 m2 in total, with both indoor and outdoor (front + side) space available.
• Currently employing 1 well – trained staff, who is encouraged to stay.
• Fully furnished, fully equipped, fully decorated: all included.
• Various social media accounts and good branding: all included.
• Current opening hours: 15h00 – 23h00 (and often later !!).
• Potential to open much earlier, for breakfast, coffee, and lunch.
• The building has 1x floor, including terrace in the front, and kitchen.
• Lease price of VND 15,000,000 / m until late 2027, extension possible.
• Currently registered as a 100% Vietnamese owned Family household business.
• Generating steady revenue of ~ VND 30,000,000 / month.
• Starting to generate first profits of ~ VND 10,000,000 / month.
• Valuation: current financials + future potential + furniture and inventory.
• Very good sound system included, valued at VND 60,000,000.
• Owner is offering transition support and training to new owner.
• Reason for selling: current ownership team is going separate ways.
• The owner’s preference is to sell 100%, but open to consider other ideas.
• Lots of photos, pitch deck, and owner contact details upon request !!

Potential of this bar business for sale in Hoi An:

• This popular bar for sale is centrally located in the UNESCO protected ancient town of Hoi An. Before covid, over 3 million tourists visited Hoi An every year, and the town is getting back to those numbers. The town attracts people from all over the World, and many tours of Central Vietnam start in Hoi An. A good opportunity to capture a part of that market. Indeed, the majority of visitors is currently tourist, however there is also a sizeable group of expats frequenting the bar. They live and work in Hoi An, or in nearby Da Nang.
  
• The Vietnamese owner of this bar for sale has already laid a good foundation, since she started around 1 year ago. She designed the place in a very nice way, created a good menu, started organizing events such as live music and art exhibitions, and she has built a very good reputation. The drinks menu consists of delicious craft beers on tap, signature cocktails, and Vietnamese (!!) liquors. The food menu includes Vietnamese favorites, as well as Western snacks: fusion style. She is currently only opening in the afternoons + evenings, meaning that there is potential to extend these opening hours, and for example serve breakfast and/or lunch.
• Even for buyers who do not have a lot of experience in the food and beverage industry: the current owner offers to provide a soft handover, including introductions to partners, staff, guests, and other helpful contacts. This is a turnkey business with a good reputation, great drinks, good vibes, steady revenue, some profit already: it is indeed ready for somebody to take over. Her first preference is to sell 100%, but she is open to consider other ideas, and she may even stay on as manager / employee if appreciated by the buyer.

Foreign ownership of a bar in Hoi An:

In Vietnam, it is generally possible for a foreign individual or company to purchase a bar for sale. Please note, however, that the current business is registered as a 100% Vietnamese owned Family household business. For Vietnamese buyers: it may be possible to take over the structure as it currently is. Foreign buyers would need to either: (i) convert the business into a limited liability company first, and then purchase it, or (ii) they could establish a new legal entity and buy only the assets of this business. Considering the location in central Hoi An, it may in practice be easier if this business would stay registered in the name of a Vietnamese person. 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, do you want to see her pitch deck, 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.