Restaurant – bar for sale in Vung Tau

<< This popular and profitable restaurant and bar is for sale in Vung Tau, the Southern Vietnamese city. It serves both International and Asian dishes, and it is popular among Vietnamese and foreigners. Due to Family reasons (moving overseas), the owners are looking to sell the place to a new owner. Already running, already profitable, this is a turnkey business for somebody to take over. >>

What is on offer?

• Fully furnished, fully equipped, fully functional bar and restaurant.
• 100 m2 floor surface area, indoor and outdoor seating,
• Located centrally in Vung Tau,
• Very close to the beach, and only a half – day trip away from Saigon,
• Fully equipped kitchen, currently serving International and Asian dishes,
• Currently employing 8 members of staff,
• Lease price is VND 35,000,000 per month, with 1.5 years left, extendable,
• Currently registered as a Family household business,
• Food safety and hygiene certificate obtained,
• Suitable for events, such as live music and sports events watching,
• Average revenue: VND 250,000,000 p/m, average profit: VND 75,000,000 p/m,
• Asking price: VND 950,000,000 with estimated return on investment of 1 – 1.5 years.
• The owners are open to discuss other purchase / investment / cooperation options.
• More photos, inventory list, and further info available upon request !!

Potential:

• This business is fully operational, running well, and making a steady profit. The owners are selling because of Family reasons (moving overseas). Which means that this is a turnkey, profitable restaurant and bar for somebody to take over.
• The restaurant is currently serving comfort food from different parts of the World. It has well appreciated as a breakfast, lunch and dinner spot serving both locals and tourists.
• Located centrally in the popular beach town / city of Vung Tau. It is very close to the beach, and only a half – day trip away from Saigon. Indeed, Vung Tau is arguably the nearest and most popular beach town for the (millions of) people from Ho Chi Minh City (Saigon). Many of them escape the busy city for some fresh sea air, whenever they have a day off, or a short holiday. Besides, there is also a community of foreign expats and retirees living in Vung Tau.

Foreign ownership:

In Vietnam, it is possible for a foreign individual or company to purchase a restaurant / 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. 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 business, for example a list of inventory, and more photos? 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 will be happy to show you their place. We look forward to hearing from you!

If you are looking for any more restaurants / bars for sale, or any other type of business for sale, don’t 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 company 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.