SOLD – Popular Latin restaurant business for sale in Hanoi (West Lake)

*Update 24/4: the owners are looking to sell as soon as possible, so they can focus on their other projects. They have therefore reduced their asking price from VND 1,250,000,000 to VND 750,000,000. Do not hesitate to contact us for more info, and a meeting with the owners.

<< This popular Latin restaurant business for sale in Hanoi (West Lake) is looking for a new owner. Located in one of the most busy and lively streets in this popular area, this business has built an excellent reputation among both foreigners and Vietnamese. The current owners have built a strong brand for their Latin restaurant, and they have also developed a profitable Mediterranean dark kitchen concept: both concepts operate from the same professional kitchen, and they are both included in this sale. Fully furnished, fully decorated, a newly built and fully equipped kitchen. >>

What is on offer:

• Latin style restaurant, popular with foreigners and Vietnamese alike.
• 2 businesses in 1: Latin restaurant and Mediterranean dark kitchen.
• Located on one of the most popular and lively streets of the West Lake area.
• Very good reviews online: great food, friendly staff, warm atmosphere, good drinks.
• Fully furnished, very nicely decorated, fully equipped.
• The owners built the kitchen themselves: professional, all included, list upon request.
• The restaurant on the ground floor, the kitchen in the basement: around 80m2 / floor.
• Lease price is VND 35,000,000 / month, fixed until expiry.
• Lease expires 2/26, extension possible with maximum 10% increase.
• Fully licensed, including alcohol-, fire- and food safety and hygiene certificates.
• Currently registered as a 100% Vietnamese owned company, conversion is possible.
• Revenue: around VND 250,000,000 / month.
• Profit: around VND 47,500,000 / month.
• Asking price is reduced to VND 750,000,000 all inclusive.
• Option to buy without the brand, menu, etcetera.
• Valuation: financial numbers + potential + equipment.
• The foreign ownership is offering full transition support and training.
• The lead owner is offering 2 months of active training and handover.
• Reason for selling: the ownership team is going different ways.
• Photos, videos, equipment lists, and much more upon request !!

Potential of this restaurant business for sale in Hanoi:

• This popular Latin restaurant 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.
• Everything is already set up, and it already has a good reputation. It is fully furnished, fully equipped, very nicely decorated, and the branding is also good. A new owner is of course free to keep the two businesses ( = Latin restaurant + Mediterranean dark kitchen) going as they are now, or to give it their own new twist. With a new, modern, professional kitchen, and a great location: there is great potential for further development.
• Even for buyers who do not have a lot of experience in the food and beverage industry: the current foreign owner offers to provide a soft handover, including introductions to partners, guests, and other helpful contacts. More specifically, he is offering an active training and handover for 2 months after purchase. With his experience, business mindset, and network: this is a valuable offer.

Foreign ownership of a restaurant business:

In Vietnam, it is possible for a foreign individual or company to purchase a restaurant business for sale in Hanoi. Please note that the current business is registered as a 100% Vietnamese owned company (LLC). For Vietnamese buyers: it may be possible to take over the legal entity as it currently is. Foreign buyers would need to either convert the business into a foreign owned limited liability company, 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.