Well-established restaurant for sale in Go Vap, Ho Chi Minh City

Asking price

1,500,000,000 VND

EQUITY

100%

Net profit

1,200,000,000 VND

Turnover

Upon request

Ownership

Vietnamese owned

Licenses

ERC, Food safety and hygiene certificate, Alcohol license

Sector

Food and beverage

Profitable restaurant for sale in Go Vap, Ho Chi Minh City

<< This is a well-established, profitable restaurant business for sale in Go Vap district, Ho Chi Minh City. Fully equipped, fully furnished, fully decorated, and a full team in place, including manager. Indeed, this is a turnkey business opportunity. Being one of the first foreign managed restaurants in Go Vap district (near the airport), this business has done very well over the > 5 years of its existence. The menu offers a popular combination of European food, Asian flavors, and home brewed beer. Making around VND 100,000,000 profit per month, a return on investment of < 1.5 year is possible. The ownership is selling because they would like to focus their attention on several new business projects. >>

What is on offer?

  • Beer style restaurant, popular with groups for b-day parties, watching sports.
  • Fusion kitchen of European food, Asian flavors, and home brewed beer.
  • Located on a busy street (foot traffic !!) in upcoming Go Vap district, near the airport.
  • Surrounded by other F&B outlets, and popular among locals and expats.
  • Great reviews online, many regulars: great ambiance, delicious food, friendly staff.
  • Very well established for > 5 years, very well run by the current ownership.
  • Fully furnished, fully equipped, fully decorated: truly a turnkey business.
  • There is a full team in place, including > 5 year experienced manager.
  • Good conditions for the supply of home brewed beer is discussable.
  • The building has 2x floors: 210m2 + 90m2.
  • Small apartment is included in the lease, possible to live there.
  • Lease price of VND 50,000,000 / month.
  • Lease contract valid for another 5 years, further extension possible.
  • 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.
  • Generating around VND 100,000,000 profit / month.
  • Asking price is VND 1,500,000,000 all inclusive, negotiable.
  • Valuation: < 1.5 x current yearly profits, which is very reasonable.
  • The passionate foreign owner is offering full transition support and training.
  • Reason for selling: owner wants to focus on other projects.
  • Lots of photos, financial info, and owner contact details upon request !!

Potential of this restaurant business for sale:

  • This is a truly well-established restaurant business for sale in an upcoming district in Ho Chi Minh City. When it was established, > 5 years ago, it was one of the first foreign – run F&B businesses in the whole area. This means that the ownership has clearly found a way to make the business run very well in a dominantly Vietnamese market. Now the restaurant is popular among locals, as well as among an increasing amount of foreigners (expats) who are discovering the area for living, working, and recreating. Many regular guests.
  • The owner has successfully established and run three other businesses with similar concepts in Ho Chi Minh City, and is currently on the lookout to open several more locations (see this link). All locations are doing very well, making good numbers. This location in Go Vap can be considered the “flagship”, in other words: the restaurant were it all started. And for a new owner, it is good to know that the passionate and friendly founder is, and will remain actively involved. Indeed: he would be very happy to contribute to the continued success of his original flagship business.
  • In short, this is a very well established, highly profitable restaurant business, which is truly turnkey. The ownership has put a well – trained, experienced team in place, including a manager who has been involved for the full 5 years. They are all encouraged and willing to stay with a new owner. Making an average of VND 100,000,000 ( ~ USD 4,100) profit per year, a very lucrative return on investment (ROI) is on the table, as well as an opportunity to live there, and to obtain a stable sponsored visa.

Foreign ownership of a restaurant business:

In Vietnam, it is possible for a foreign individual or company to purchase a restaurant business in Ho Chi Minh City. 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 [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.

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