For sale: Lucrative French bar and restaurant on Phu Quoc

Asking price

550,000,000 VND

Net profit

900,000,000 VND

Turnover

2,500,000,000 VND

Ownership

Vietnamese owned

Licenses

On request

Sector

Food and beverage

Lucrative French bar and restaurant for sale on Phu Quoc

This is a Vietnamese French-owned French bar and restaurant on Phu Quoc island, and it has been operating since 2012. It has a peak season roughly from December to April every year. Lease price is 15 million/month (but 10 million for the first 6 months)  with a 3-year contract (needs to be renewed). Recently renovated.

Advantages:

  • Good position
  • Very good brand and reputation
  • Excellent reviews on Tripadvisor and blogs
  • Fully furnished (tables, chairs, kitchen equipment, pizza oven, POS, wifi router, etc)
  • Guests are mostly foreigners and it has a good amount of loyal customers
  • 200m2 surface
  • Agree to pass down specialty recipes
  • Before covid it could reach up to VND 900 million – 1.2 billion in profits

Foreign ownership:

In Vietnam, it is possible for a foreign individual or company to acquire 100% ownership of a restaurant and bar. Our Bizspective team can advise you in more detail about how this works in practice, and how you can acquire foreign ownership of this business. We can also help you with the legal / administrative side of the acquisition.

Further information:

Are you interested, would you like to learn more about this business for sale, do you have any questions, and/or would you like to organize a viewing: click the “contact button” in the top right corner or send us an e-mail at businessforsale@bizspective.com . We look forward to hearing from you!

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