(SOLD) Popular restaurant bar business for sale in Hoi An

*** 3/4: the owner of this business is looking to sell in the (very) near future, and has therefore set a very attractive asking price. If this business interests you: we recommend you to contact us, or the owner, as soon as reasonably possible for a viewing / meeting. ***

<< The owner of this central and popular restaurant bar business for sale in Hoi An is looking for somebody to take over in the (very) near future. In the 2 years that she and her Family have run this business, they have built a (very) good reputation for delicious food, great craft beers, and excellent vibes. For personal reasons, they are now looking to hand their business over to somebody with the passion to build on what they have started. This is a turnkey restaurant – bar for sale, very centrally located in bustling Hoi An, which is arguably Vietnam’s #1 tourist city. >>

What is on offer?

• Restaurant bar for sale, centrally in Hoi An, 10mins walk from its very centre.
• Popular among Western tourists (90%) and local Vietnamese (10%).
• Superb reviews online for: delicious organic food, craft beer, staff, and great vibes.
• Currently employing 2 well – trained staff, VND 12,000,000 / month.
• Fully furnished, fully equipped, fully decorated: all included.
• Various social media accounts and online sales channels: all included.
• Current opening hours: 14h30 – 23h00.
• Very sharp lease price of VND 7,000,000 / m, extension possible.
• Seller can support with legal registration: foreign- or Vietnamese owned.
• Revenue: ~ VND 100,000,000 / month, depending on season.
• Profit: ~ VND 30,000,000 / month, depending on season.
• Valuation: current financials + furniture and inventory – big discount for quick sale.
• Owner is offering full transition support and training to new owner.
• Reason for selling: personal / family reasons.
• The owner’s is open to consider staying (part – time) involved.
• Lots of photos, video, and owner contact details upon request.
• Looking for a quick sale, so please do not hesitate to express your interest !!

Potential of this restaurant bar business for sale in Hoi An:

• This popular restaurant bar for sale is centrally located on the outskirts of the UNESCO protected ancient town of Hoi An. Before covid, over 3 million tourists visited Hoi An every year, and the town is getting back to those numbers. The town attracts people from all over the World, and many tours of Central Vietnam start in Hoi An. A good opportunity to capture a part of that market. Indeed, the majority of visitors is currently tourist, however there is also a sizeable group of expats frequenting the bar. They live and work in Hoi An, or in nearby Da Nang.
  
• The Vietnamese owner of this restaurant bar for sale has already laid a very good foundation, since she and her family started around 2 years ago. They started with craft beer, but over time their food became a very good and important addition to their business, and now guests are very (very) fond of its taste, portion size, and price. They also still have a great variety of craft beer, including several on tap.
• Even for buyers who do not have a lot of experience in the food and beverage industry: the current owner offers to provide a full soft handover, including introductions to partners, guests, and other helpful contacts. This is a turnkey business with a very (very) good reputation, delicious food, great drinks, good vibes, and some good revenue and profit numbers: it is indeed ready for somebody to take over.

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Foreign ownership of a restaurant bar in Hoi An:

In Vietnam, it is generally possible for a foreign individual or company to purchase a restaurant bar business for sale. Please note, however, that the current business is 100% Vietnamese owned, and that the current legal entity is not included in the sale. Having said that, the current owner has offered her (valuable) support in re – registering the business for a buyer. Considering the location in central Hoi An, it may in practice be easier if this business would stay registered in the name of a Vietnamese person. The current owner has already offered her support, and additionally 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 bar business for sale? Would you like to learn more about it, for example would you like to see more photos, do you want to see a video, or would you like to speak with the owner, and/or view the business? Then please do not hesitate and click the “contact button” in the top right corner or send us an e-mail at admin@bizspective.com . The owner is very friendly, passionate, and ready 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.