SOLD – Very central lounge and cocktail bar for sale in Ho Chi Minh City

<< The owner of this very central lounge and cocktail bar for sale in Ho Chi Minh City is looking for somebody to take over in the near future. Located on the very popular Bui Vien street, in the famous Pham Ngu Lao area of District 1, this is an interesting opportunity to take over a lounge / cocktail bar in the very centre of Ho Chi Minh City. The cocktail bar business is fully furnished, fully decorated, and the current owners are offering a soft handover. This is a turnkey lounge / cocktail bar for sale, very centrally located in downtown Ho Chi Minh City. >>

What is on offer?

• Lounge / cocktail bar business for sale, located very centrally in Ho Chi Minh City.
• Located on Bui Vien street, in Pham Ngu Lao, District 1.
• Easily reachable, with parking available right in front.
• Popular among Vietnamese and foreigners also.
• Good reviews online for: location, vibes, drinks, parties, and staff.
• 210 m2 in total, located on the ground floor and the second floor.
• GF: 70m2 multi station cocktail bar, built in seating, private tables, sound system.
• F2: 140m2 lounge with DJ area, dance floor, bar, pool table, great sound system.
• Ideal for for live music, large private parties, DJ events, corporate events.
• Fully furnished, fully equipped, fully decorated: all included “as is”.
• Detailed list of build out, set up, and equipment available, estimated at VND 500M+.
• Current opening hours: 17h00 – 02/03h00.
• Employees: 4x, all encouraged to stay with new owner.
• Lease price: VND 20,000,000 / m, very reasonable for this area and size.
• Lease validity: another 3 years, extendable.
• Current registration: 100% Vietnamese owned limited liability company.
• Revenue and profit: details available on request, but was doing very well.
• Valuation: build out, set up, equipment, and other inventory.
• Asking price: VND 490,000,000 all in, looking for a quick sale.
• Reason for selling: owner wants to focus on other projects.
• Owner is offering transition support and training to new owner.
• Preferred option is full buy out, but other ideas open for discussion.
• Exact location, more photos, itemised list, owner contact details upon request !!

Potential of this lounge / cocktail bar for sale in Ho Chi Minh City:

• This lounge / cocktail bar for sale is very centrally located in Pham Ngu Lao area, District 1, Ho Chi Minh City, Vietnam’s biggest city. Bui Vien street, where this business is located, is arguably Vietnam’s most famous going out street, full of bar, clubs, hotels, restaurants. Not only is it very popular for Vietnam’s trendy young generation, but thousands of foreign expats and tourists find their way to this area every single evening.
  
• This lounge / cocktail bar for sale in Ho Chi Minh City is already fully set up, fully decorated, and furnished. It already has a tried and tested menu, it has trained staff (encouraged to stay), it is listed on social media, Google Maps, etcetera. With an asking price of VND 490,000,000 this is a great opportunity for somebody to skip all the hard start up work, and to jump on board on this interesting venture.
• Even for buyers who do not have a lot of experience in the cocktail bar industry: the current owner offers to provide a soft handover. This is a turnkey cocktail bar business for sale with a good reputation, great drinks, and good vibes: ready for somebody to take over. Contact us now for the exact location, itemised list of what is included, more photos, and owner contact details for a viewing / meeting !!

Foreign ownership of a lounge / cocktail bar in Ho Chi Minh City:

In Vietnam, it is generally possible for a foreign individual or company to purchase a cocktail bar for sale. Please note, however, that the current business is registered as a 100% Vietnamese owned limited liability company. 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 foreign owned company first, or (ii) they could establish a new legal entity and buy only the assets of this business. Our Bizspective team could advise you in more detail about how this works in practice. We could also help 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 lounge / cocktail bar business for sale? Would you like to learn more about it, for example would you like to know the exact location, or would you like to have the owner contact details for a viewing / meeting? 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.