Well-known Western restaurant business for sale in Phu Quoc

*** Update 15/3: the owners of this business have substantially reduced their asking price from VND 1,250,000,000 to VND 995,000,000. They are doing so in order to sell their reputable business in the near future. If you are interested, do not hesitate to contact us for further info, and a viewing.

<< This is a well-known, Western style restaurant business for sale in Phu Quoc. Established since 12 years, among which 8 years at its current location, this is a profitable business looking for a new owner. Fully equipped, fully furnished, fully decorated, and a full team in place: this is indeed a turnkey business opportunity. Being one of the first foreign managed restaurants on Phu Quoc island, this business has built up a very good reputation, and it is mentioned in several major travel guide books. The food is Western style, and they serve a great selection of draft beer. The ownership is selling this business now because they are relocating out of Vietnam. >>

What is on offer:

• Western style restaurant, popular with locals and travellers alike.
• One of the first foreign managed restaurants in Phu Quoc, established 12 years ago.
• Located on a side street, just off the main road from the airport.
• Current opening hours: 11h00 – 21h00.
• Very good reviews online, especially for: great food, very good beer selection.
• Fully furnished, equipped, decorated, and stocked: this is truly a turnkey business.
• Valuable equipment included: multi – keg beer system, double oven, etcetera.
• There is a full team in place, who are all encouraged to stay.
• The restaurant itself was built by the seller, it has 1x large floor of 375 m2.
• Lease price of VND 25,000,000 / month.
• New lease contract up for negotiation with landlord, who already offered a discount.
• Currently registered as a 100% Vietnamese owned Family household business.
• Fully licensed, including food safety and hygiene certificate.
• Conversion to a foreign owned business, including sponsored visa, is possible.
• Currently generating around VND 185,000,000 revenue / month.
• Asking price is VND 995,000,000 all inclusive, negotiable.
• Valuation: current numbers + potential + valuable equipment – discount.
• The foreign ownership is offering full transition support and training.
• Reason for selling: the business’ ownership is relocating out of Vietnam.
• More photos and owner contact details upon request !!

Potential of this restaurant business for sale in Phu Quoc:

• This is a well – known, turnkey restaurant business for sale in Phu Quoc. The restaurant was established 12 years ago, and it was in fact one of the first foreign managed restaurants on the whole island. Over the years it has built up a very good reputation, and it is mentioned in several leading guide books. Guests especially love the great food, and the lovely selection of beers. A new owner could jump on board of this already profitable business, give it their own twist if they want, and take it to new levels.
• This restaurant business for sale in Phu Quoc has a strategic location: it is just off the main road leading from the airport to Duong Dong, which is the main town on the island. Meaning that a good part of the roughly 8 million (!!) yearly visitors to the island will at some point pass by the turnoff to this restaurant. Indeed, Phu Quoc is a tourist magnet, with an increasing number of direct domestic and international flights serving Vietnam’s largest island.
• Even for buyers who do not have a lot of experience in the food and beverage industry: the current owner offers to provide a soft handover, including introductions to partners, staff, guests, and other helpful contacts. One of the key advantages of this business is that it has been established for a (very) long time, that everything is already set up, and that it already has a good reputation. It is fully furnished, fully equipped, fully decorated, and even fully stocked: indeed it is read for somebody to jump on board.

Foreign ownership of a restaurant business:

In Vietnam, it is possible for a foreign individual or company to purchase a restaurant business in Phu Quoc. Please note, however, 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. Foreign buyers would need to either convert the business into a limited liability company first, and then purchase it, 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 restaurant 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 admin@bizspective.com . 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.