SOLD – Stylish lounge for sale in HCMC (D7)

*Update 10/5: the owners of this bar have reduced their asking price from VND 2.2B (USD 85,000) to VND 1.65B (USD 65,000) in order to sell their business in the near future. Contact us now for a meeting / viewing with the owner in HCMC !!

<< The owners of this stylish bar / lounge for sale in HCMC are looking for somebody to take over. The lounge is currently serving cocktails, liquors, wine, beer, food, and shisha. It is located on one of the main roads in District 7, which is a popular area in HCMC for expats (Japanese / Korean / Russian), and affluent Vietnamese alike. Fully furnished and equipped (high quality), fully licensed, and fully decorated in a stylish way: this is a turnkey bar / lounge bar for sale in Ho Chi Minh City. >>

What is on offer?

• Stylish bar / lounge for sale in HCMC, District 7.
• Popular among foreigners and Vietnamese also.
• Located on one of the main roads of D7, near shopping malls and residence towers.
• Good reviews for: drinks, cozy atmosphere, chilled vibes, shisha, and friendly staff.
• 100 m2 in total, located on the ground floor, with small terrace in front.
• Fully furnished, fully equipped, fully decorated: high quality, all included.
• For example: premium chillers, freezers, top class shishas, sound system.
• Active social media accounts included in the sale.
• Current opening hours: 14h00 – 02h00.
• Lease price USD 1,690 per month, around 4 years remaining, extendable.
• Employing 4 members of staff, who are all encouraged to stay.
• The current legal entity is not included in the sale.
• However, the current owners are offering free company set up !!
• Foreign ownership possible, with visa option on the table.
• Besides, they are also offering transition support and training to new owner.
• Current revenue: +/- VND 205,000,000 per month.
• Current profit: +/- VND 68,000,000 per month.
• Asking price: VND 2,200,000,000.
• Valuation: 2x current yearly profit + valuable high quality assets.
• Exact location, further info, and owner contact details upon request !!

Potential of this bar / lounge for sale in HCMC:

• This stylish bar / lounge for sale in Ho Chi Minh City has a very good location on one of the main roads in District 7. This area, which is surrounded by shopping malls, and expat – oriented residential towers is especially popular for Japanese, Korean, and Russian expats, as well as affluent Vietnamese. As could be seen from the many good reviews, this lounge for sale in HCMC is popular among a broad group of customers.
  
• This bar / lounge is already fully set up, fully decorated, and furnished with high quality. It already has a tried and tested menu, it has trained staff (encouraged to stay), it is listed on social media, Google Maps, etcetera. This is a great opportunity for somebody to skip all the hard start up work, and to jump on board of this interesting venture.
• Even for buyers who do not have a lot of experience in the bar / lounge industry: the current owner offers to provide a soft handover, including introductions to partners, staff, and other helpful contacts. If this was not enough already, they also offer free company registration for the buyer, which is a great offer that we do not come across very often. Contact us now for the exact location, further info, and owner contact details for a viewing / meeting.

Foreign ownership of a bar / lounge in Ho Chi Minh City:

In Vietnam, it is generally possible for a foreign individual or company to purchase a bar / lounge for sale. Please note, however, that the current legal entity is not included in the sale. Instead the current owners offer free of charge company registration for the buyer, which is a great offer. If needed, our Bizspective team is available for extra support with the legal / administrative side of the acquisition. 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 bar / lounge for sale in HCMC? 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] . 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.