SOLD – Beautiful homestay business for sale in Da Nang

<< This homestay business for sale in Da Nang is located in a 5 floor residential house. It has 7 rooms, which are all fully furnished and nicely decorated. The homestay business comes with a rooftop for relaxing, with a laundry area. Located in a central part of Da Nang called An Thuong, only 600 meters (9 minutes) walk from Da Nang’s famous My Khe beach. Guests love this homestay especially because of its comfy atmosphere, beautifully designed rooms, and its central but quiet location. The current ownership has already put in place a good booking system via AirBnB, Booking, and some other platforms, and the homestay is currently reaching an occupancy of almost 80%. The Vietnamese owner of the business is moving overseas, and would like to handover her beautiful homestay to a new owner. >>

What is on offer?

• Homestay business for sale, popular with foreigners, long stay and short stay.
• Located in a 5 floor building, in Da Nang’s popular An Thuong area.
• The building has 7 rooms: 1x single room, 4x studios, 2x 2BR apartments.
• The total area including inside parking and rooftop terrace is 375 m2.
• Each room has a small kitchen, and at least one private bathroom.
• Good reviews: cozy atmosphere, nice design, quiet but central location.
• Good booking system already set up, including various popular booking platforms.
• Established since +/- 1 year, selling because moving overseas.
• Fully furnished, fully equipped, fully decorated: a turnkey homestay business.
• 30% of the furniture is included in the sale, current value +/- VND 100,000,000.
• Currently 1 staff: cleaner, working 3 hours per day, VND 4 – 5,000,000 / month.
• The owner has set up a self check – in system, and the business is 90% hands off.
• The building and the land of the homestay are leased, they are not for sale.
• Total lease price is VND 31,000,000 / month.
• Current room / apartment prices around VND 500 – 900,000 / night.
• Good mix of short stay guests vs long stay guests.
• Booking history (anonymous) and financial overview available upon request.
• Lease contract is valid until 12/25, extension negotiable, supportive landlord.
• Registered as a 100% Vietnamese owned Family household business.
• Conversion to foreign ownership is possible in theory, challenging in practice.
• Fully licensed, and also passed a recent fire inspection control.
• Currently reaching +/- VND 76,000,000 revenue / month.
• Currently reaching +/- VND 23,000,000 profit / month.
• Asking price is VND 550,000,000 (deposit + rent not included), negotiable.
• Valuation: < 2x current yearly profits.
• Reason for selling: moving overseas for Family reasons.
• Lots of photos, further info, and owner contact details upon request !!

Potential of this homestay business for sale:

• Important to realize is that the building and the land are not included in the sale, because they are leased from (a supportive and remote) landlord. What is on offer here is an ongoing homestay business, located in a 5 floor, fully furnished house in the popular and central area of Da Nang which is called An Thuong. The current owner has already set up a good booking system, she is reaching an occupancy rate of almost 80%. In short: a very good foundation for somebody to take over a turnkey homestay business.
• This homestay is conveniently located in An Thuong, which is a very popular area for both Vietnamese and expats. It is only a 600m / 9mins walk to Da Nang’s famous My Khe beach. Looking at the hotel’s (very) good online reviews, guests truly appreciate the location of this homestay, as well as the beautiful design, and the cozy atmosphere of the rooms / apartments.
• At the moment, the owner is making an average monthly profit of +/- VND 23,000,000 which already takes into consideration the full rent, cleaning fees, electricity, and water. The owner has set up a self check in system, meaning that in principle she does not need to be there everyday. In practice, she does come 1 – 2x week to check the building, and to deal with any ad hoc issues that may occur. But just to say, 90% of this profit making business is (and may stay) passive. 

Foreign ownership of a homestay business:

In Vietnam, it is in theory possible for a foreign individual or company to purchase a homestay business in Da Nang. The current business for sale is registered as a 100% Vietnamese owned Family household business, which is one of the most simple and practical business registration forms in Vietnam. A Vietnamese buyer could try to take over the business structure as is. A foreign owner could either try to obtain official ownership, or they could consider cooperating with a Vietnamese partner. Our Bizspective team can advise you in more detail about how this works in practice. We can also support 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 homestay business for sale? Would you like to learn more about it, for example would you like to see more photos, 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.