Popular sports bar for sale in Da Nang (An Thuong)

<< This popular and profitable sports bar for sale is located in Da Nang’s favorite area: An Thuong. Frequented by expats, tourists, and locals alike, this is a very interesting turnkey business looking for a new owner. The current owners are moving overseas. Generating a good amount of money already, and with the return of tourism, there is lots of potential for further growth. Walking distance from the beach, and the location even comes with 2 furnished apartments, and a rooftop! >>

What is on offer?

• Located in An Thuong, a very central and popular area of Da Nang.
• In the middle of bustling F&B businesses, walking distance from the beach.
• Fully furnished, nicely decorated, including big screens and a pool table.
• Kitchen fully equipped, currently preparing good price / quality food.
• Guests love: the great location, friendly staff, and good food.
• Located in a 4 floor building + rooftop: each floor is +/- 120m2 in size.
• 2x furnished apartments are included in the lease !!
• The lease contract is valid for another 2.5 years and could be extended.
• Lease price VND 20,000,000/m until 12/24, then max 10% increase per year.
• The business is open every day, from the afternoon until very late.
• Currently employing 5 staff, who would be happy to stay with the new owner.
• Making +/- VND 250,000,000/m revenue, and +/- VND 50,000,000/m profit.
• The business is currently registered as a 100% Vietnamese owned Family business.
• Owners are willing to help with a soft handover, and training.
• The asking price is USD 60,000 negotiable.
• Full buy – out is preferred, but partial purchase is negotiable also.
• Photos, financial overview, and further info upon request !!

Potential:

• Sports bars are becoming more and more popular in Vietnam. Not only for expats and tourists, but also locals really enjoy watching their favorite sport events on big screens, in a great atmosphere, while enjoying a drink and some good food. The current owners are already making good money with this formula.
• This business is located in a very central and popular area of Da Nang, called An Thuong. It attracts tourists, expats, and local Vietnamese. Very close to the newly opened walking area. And with the come back of tourism, there is great potential for this sports bar to grow even further. 
• The whole house includes 4 floors and a rooftop: at a very good location, and for a relatively good lease price. The 2nd floor is for storage, and the 3rd and 4th floors have a furnished apartment with 2 bedrooms, a living room, a toilet and a kitchen. The selling price includes all floors, all rooms, and of course the sports bar itself. This makes the offer even better, because you could live there yourself and save room rent elsewhere, or you could rent those apartments out and get some extra income.

Foreign ownership:

In Vietnam, it is possible for a foreign individual or company to purchase a bar. Please note 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. However, foreign buyers would either need to convert the business into a limited liability company, or they could establish a new legal entity and buy only the assets of this business. If needed, then the current owners would also be open to (temporarily) keep the current business registered in their name. The second thing to keep in mind is that it is sometimes difficult to obtain official foreign ownership of a business in this particular area of Da Nang. So for that reason, the option of working with a Vietnamese partner, or taking the current owners up on their offer to help out, may be worth considering. 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 business for sale? Would you like to learn more about this bar, for example more photos, or financials? Do you have any further questions, and/or would you like to organise a viewing: click the “contact button” in the top right corner or send us an e-mail at admin@bizspective.com . The ownership team of this business is very helpful, they have everything ready for a take over, and they will be happy to show you their place. We look forward to hearing from you!

If you are looking for any more bars for sale, or any other type of business for sale, do not hesitate to contact us.

*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.