Popular and profitable cocktail bar business for sale in Hanoi (West Lake)

*** Update 12/12/23: in order to sell in the near future, the business owner has lowered his asking price. It was VND 1,700,000,000 and he has updated it to VND 1,400,000,000 (negotiable). Inquire now for further info, and a viewing !! ***

<< The owner of this popular and profitable cocktail bar business for sale in Hanoi (West Lake) is looking to sell. This cocktail bar, which also serves food, has a great location in between several expat residences in the popular West Lake (Tay Ho) area of Hanoi. It has great reviews across several online platforms, and it is well known for its great vibes, excellent drinks, and friendly staff. This is a turnkey, profitable business, ready for somebody to take over. >>

What is on offer?

• Cocktail bar located in the popular West Lake area of Hanoi.
• Popular among locals, expats, and tourists alike.
• Good reviews on Google Maps: great drinks, excellent vibes, live music.
• The bar has a unique style / appearance, and good branding.
• Well established, and well run by the foreign owner and his team.
• Currently employing 6 well – trained staff, all encouraged to stay.
• Fully furnished, fully equipped, fully decorated: all included.
• Active social media accounts and good branding: all included.
• The building has 4x floors (including terrace), now only using 2x.
• Lease price of VND 35,000,000 / month until 05/24.
• After that: 5 year extension possible at VND 40,000,000 / month.
• Currently registered as a 100% Vietnamese owned Family household business.
• Generating steady revenue of ~ VND 280,000,000 / month.
• Good profit numbers of ~ VND 100,000,000 / month.
• The asking price equals just over 1 x yearly profits, which is very reasonable.
• Owner is offering transition support and training to new owner.
• Reason for selling: owner would like to focus on other projects.
• Lots of photos, financial overview, and owner contact details upon request !!

Potential of this cocktail bar business for sale in Hanoi:

• This popular and profitable cocktail bar business for sale in Hanoi is located in the very popular and central West Lake area, or “Ho Tay” as it is called in Vietnamese. This is the area where foreigners and affluent Vietnamese like to live and visit, escaping the hustle and bustle of downtown Hanoi. It is also well known for good F&B options, meaning that there is a great amount of potential customers around.
• The cocktail bar is focusing on middle age customers, and it has built a very good reputation among them. It is well known for its great vibes, its mixed crowd of customer Nationalities, its live music events, and its great (!!) cocktails. It is fair to say that a very good foundation is laid.
• 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, employees, guests, and other helpful contacts. This is a turnkey business with a good reputation, great drinks, good branding, steady revenue- and profit numbers: it is indeed ready for somebody to take over.

Foreign ownership of a cocktail bar:

In Vietnam, it is possible for a foreign individual or company to purchase a cocktail bar. 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 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.