Popular and profitable restaurant for sale in Hanoi (West Lake)

<< The Vietnamese owner of this popular and profitable restaurant business for sale in Hanoi (West Lake) is looking for somebody to take over. The restaurant business itself was established 9 years ago, and has built a good reputation among both foreign- and Vietnamese guests. Located since 1.5 year very nearby the famous and popular Ho Tay (West Lake) in Hanoi, this is where people like to come for good F&B options. Good reviews on Google Business and TripAdvisor, and making good revenue and profit: this is a turnkey business for somebody to take over. >>

What is on offer?

• Restaurant located in the popular West Lake area of Hanoi.
• Popular among locals, expats, and tourists alike.
• Built a good brand and strong reputation over the past 9 years.
• Good reviews on Google Maps, and TripAdvisor: good food, great ambience.
• Specializing in healthy food options, both vegan and non – vegan.
• Well established, and well run by the current VN owner and her team.
• Currently employing 8 well – trained staff, all encouraged to stay.
• Fully furnished, fully equipped, fully decorated restaurant.
• Active social media accounts, branding, recipes, SOPs: all included in the sale.
• The building has 2x floors of 120m2 each.
• Master lease price of USD 1,100 / month.
• The 2nd floor is sub – leased to an English language business for USD 350/m.
• Lease contract valid until 30/9/2025, easily extendable after that.
• Currently registered as a 100% Vietnamese owned Family household business.
• Generating steady revenue of ~ VND 230,000,000 / month.
• Good profit numbers of ~ VND 60,000,000 / month.
• The asking price is +/- 2.5 yearly profits, negotiable.
• Owners are offering transition support, and training to new owner.
• Reason for selling: owner is planning to move overseas.
• Owner is open to consider other investment options, e.g. angel investment.
• Lots of photos, financial overview, and owner contact details upon request !!

Potential of this restaurant business for sale in Hanoi:

• This popular and profitable 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 to escape 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 restaurant is already organizing events: food and beverage related, language exchange related, etcetera. A new owner could further explore these opportunities. The Vietnamese owner is ideally looking for somebody to buy 100% of the business, but they are also open to consider partnering with a passive angel investor, who would be interested to explore a franchise structure.
• 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, good food, good branding, steady revenue- and profit numbers: it is ready for somebody to take over.

Foreign ownership:

In Vietnam, it is possible for a foreign individual or company to purchase a restaurant. 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. However, foreign buyers would either need to convert the business into a 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 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 cafe? 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.