Bar for Sale in Hoi An – Prime Location and Growth Potential

Bar for Sale in Hoi An – Prime Location and Growth Potential

This well-established bar for sale in Hoi An, founded in December 2020, presents an exceptional investment opportunity in the vibrant heart of the city. Renowned for its international cuisine and Vietnamese tapas, along with a lively bar scene, this venue has quickly become a favored destination for both locals and tourists. Positioned on a busy street surrounded by hotels, homestays, and hostels, it enjoys consistent foot traffic, making it an attractive spot for dining and nightlife.

What’s on Offer:

• Prime Location:
  Located in the bustling center of Hoi An, this Hoi An business for sale is conveniently situated near various accommodations, ensuring a steady stream of potential customers. Its proximity to tourist hotspots enhances visibility and access.
• Diverse Menu:
  The bar features an extensive menu that includes a variety of international dishes and traditional Vietnamese tapas. Guests can enjoy an impressive selection of drinks, from local beers and crafted cocktails to refreshing bottled ciders.
• Fully Equipped Venue:
  The total floor size is up to 300m2. The outdoor covered terrace, spanning 55 m², offers a delightful dining experience during the winter months. Inside, the venue boasts a 20 m² bar area, complete with a dartboard and a cozy lounge featuring a large-screen TV for sports events. The well-equipped kitchen comes with double fryers, an oven, grill, gas stove, fridges, and a freezer, making it ready for immediate operation.
• Entertainment & Events:
  The venue is equipped with a pool table and hosts regular events such as DJ nights, live music performances, quiz nights, and board games. It is a popular stop on the Mad Monkey Pub Crawl, attracting groups of 50-100 patrons multiple times each week, further enhancing its appeal as a nightlife destination.
• Growth Potential:
  Significant opportunities exist to expand services, such as introducing brunch or lunch options and adjusting opening hours to cater to the increasing number of tourists from Korea and Japan.

Key Features:

• Strong Customer Base:
  The bar attracts a diverse mix of locals and international tourists, particularly during events and sports screenings, fostering a vibrant community atmosphere.
• Expansion Opportunity:
  The second floor is currently unused but holds potential for conversion into living quarters or additional entertainment space, paving the way for increased revenue through expanded services.
• Turnover Growth:
  Since its inception, the business has demonstrated impressive growth, with turnover increasing by 90% from 2020 to 2023.

Lease Terms & Financial Overview:

• Current Lease:
  The lease is set at 18,000,000 VND per month and is valid for over a year, with options for renegotiation for a longer-term lease (2+ years).
• Turnover (2021-2023):
  • 2021: 1,108,000,000 VND
  • 2022: 1,565,000,000 VND
  • 2023: 2,104,000,000 VND
• Asking Price:
  The asking price is 1.5 billion VND, which includes all necessary equipment and fixtures for a seamless transition.

Conclusion:

This bar for sale in Hoi An offers an outstanding opportunity for an investor looking to acquire a thriving business in a prime location. With a loyal customer base, a solid reputation, and an inviting atmosphere, this venue promises immediate revenue and substantial room for expansion. The current owner is shifting focus to new projects, creating a perfect chance for someone to step in and further grow this profitable venture.

Don’t miss out on this opportunity! Contact us today for the exact location, more photos, and to arrange a viewing/meeting with the owner!

Foreign ownership of a restaurant in Vietnam:

It is generally possible for a foreign individual or company to purchase a restaurant for sale in Vietnam. The current structure of this business is foreign-owned. Our Bizspective team could advise you in more detail about how this works in practice, or you could refer to this article about how to start up a business in vietnam. 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 restaurant for sale in HCM? 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]. 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.