Profitable European restaurant business for sale in Da Nang

<< The foreign owner of this popular and profitable European restaurant business for sale in Da Nang is looking for somebody to take over. The restaurant itself has been established already 9 years ago, and it has been operating already for 2 years at its current prime location in the centre of Da Nang. Over the years, it has built a great reputation, especially for its great quality of authentic food, its good wine selection, and its friendly staff. Now the foreign owner is looking to start some new ventures, and they are ready to handover this carefully crafted business to a new owner. This is a great opportunity for somebody to jump on board of a well established restaurant with a great reputation and location, which is already making very good profit numbers. >>

What is on offer?

• European restaurant located at a prime location in the centre of Da Nang.
• Surrounded by other F&B outlets, and popular among locals, expats, and tourists.
• Great reviews on Google, and TripAdvisor: great quality food and wine, good staff.
• Very well established, and very well run by the current foreign owner and their team.
• Well trained staff, able to run the business without the owner’s active involvement.
• Fully furnished, fully equipped, fully decorated restaurant: high quality, all included.
• Active social media accounts, website, branding, recipes, SOPs: all included.
• The building has 4x floors of ~ 150m2 each.
• Currently using the 1st floor for the main restaurant, 2nd floor for private groups.
• The 3rd floor has (staff) accommodation and an office, 4th floor is storage + terrace.
• Lease price of VND 40,000,000 / month, increasing by 10% each year.
• Lease contract valid until 15/8/2026, easily extendable after that.
• Currently registered as a mixed ownership limited liability company.
• Fully licensed, including food safety and hygiene-, and fire safety certificates.
• The current foreign owners are sponsored for their visas through the company.
• Generating steady revenue and good profit numbers: details upon request.
• The asking price is < 2x current yearly profits, which is very reasonable.
• Owner is offering transition support, and training to new owner.
• 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 in Da Nang:

• This popular and profitable restaurant business for sale in Da Nang is located at a prime location in Hai Chau District, which is the very centre of Da Nang. It is surrounded by hotels and F&B outlets. Being on a main street, it gets a very good flow of foot traffic. Among its guests are local Vietnamese, foreign expats, and (a lot of) tourists, who are all leaving great reviews about the restaurant’s great authentic food, good selection of wine, and friendly staff.
• This restaurant is truly << turnkey >> meaning that it is already running very smoothly, that it is set up properly, that it has secured a great location for a reasonable price, and that it has built a great reputation. The only thing that a new owner would need to do is << turn the key >> and continue what the current ownership has already carefully built. Also good to know: there is a full employee team in place, including a manager and a chef, who are all encouraged to stay on with a new owner, and who already know how to run the restaurant (if need be) without the owner’s active involvement.
• Even for buyers who do not have a lot of experience in the food and beverage industry yet: the current owner offers to provide a soft handover, including introductions to employees, partners, guests, and other helpful contacts. As mentioned before, this is a turnkey business with a good reputation, great food, good branding, and steady revenue- and profit numbers. For example, it could be an interesting opportunity for a couple who are passionate about running a restaurant, and who are looking to get their residence (visa) sponsored through their own business.

Foreign ownership of this restaurant:

In Vietnam, it is possible for a foreign individual or company to purchase a restaurant. The current business is registered as a mix ownership (i.e. foreign and Vietnamese) limited liability company. All current owners agree to move out, so a new owner could buy 100% of the existing company, and (if needed) it could be converted into a 100% foreign owned limited liability company, without too much hassle. 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 restaurant? Then please click the “contact button” in the top right corner or send us an e-mail at admin@bizspective.com . The owner is very kind and 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.