SOLD – Fusion restaurant for sale in Hoi An

*** 30/1 update: the owner of this restaurant has considerably reduced her asking price, from VND 1,000,000,000 to VND 500,000,000. The main reason is that she is looking to sell her restaurant as soon as possible, in order to move forward with her relocating plans. She already closed the doors, but the restaurant is untouched, and ready for a new owner. Feel free to message us for further info, and a viewing / meeting with the business owner. ***

<< This fusion restaurant  for sale is looking for a new owner. It is strategically located between Hoi An’s famous Old Town and the beautiful beaches of Cua Dai and An Bang. The current French owner has managed to set up the restaurant in a professional way, with good quality equipment. The restaurant has a very good reputation for its great flavors, lovely decor, and pleasant vibe. For Family reasons, the current owner is looking to hand over her business to somebody who can further develop what she has already started. This restaurant already has a very good foundation, while it also has enough room to give things a new twist, and lots of potential to develop the business further. On top of all of this, there are 4x studios included in the lease, which could be used for the owner to live in, and/or to rent out for an additional passive income. >>

What is on offer?

• Restaurant, popular with (foreign) tourists, expats, and Vietnamese.
• Fusion kitchen serving both European and Vietnamese food.
• It is closed since a few weeks, but it used to serve lunch, dinner, and drinks until late.
• Strategically located on the main road between Hoi An’s Old Town and the beach.
• Surrounded by many hotels, with lots of foot traffic all day, every day.
• Very good reviews online: great flavors, lovely decor, friendly staff, pleasant vibe.
• Established since the beginning of this year, selling for Family reasons.
• Fully furnished, fully equipped (good quality), fully decorated.
• The building has 3x floors: 80m2 + 70m2 + 70m2.
• The 2x upper floors contain 4x furnished studios in total, all included in the lease.
• Total lease price of VND 25,000,000 / month.
• The studios could be leased out for at least VND 20,000,000 / month.
• Lease contract valid until 04/26, extension negotiable.
• The legal entity itself is not included.
• New owner could register a 100% foreign owned business, including sponsored visa.
• Asking price is VND 500,000,000 (reduced from VND 1,000,000,000).
• Valuation: current profits + potential + high quality equipment.
• The friendly foreign owner is offering transition support and training.
• Reason for selling: relocating for Family reasons.
• Lots of photos, asset list, and owner contact details upon request !!

Potential of this restaurant business for sale:

• This restaurant was started by a passionate and talented chef from France. She has invested in good quality equipment, lovely decorations, and inviting furniture. Within a relatively short period of time, the restaurant has built a good reputation, and it already has many good reviews online. She has developed a very good menu, which caters to both European and Asian food lovers. The current owner will be happy to train the new owner, and to hand everything over in a smooth manner.
• The restaurant is strategically located, on the main road between Hoi An’s famous UNESCO Old Town, and the beautiful beaches of Cua Dai and An Bang. Meaning that every day, lots and lots of tourists walk- and drive by this restaurant. And also meaning that there are many hotels and guesthouses in the area, including the hotel of the owner which is also for sale (see below). Many tourists eat in the Old Town the first day, and then eat at this restaurant the second (and third!) day.
• Above the restaurant, there are 4x furnished studios, which are included in the total lease price of VND 25M / month. At the moment, the owner’s Family is living in 2x of them, and the other 2x are rented out via platforms such as AirBnB. So the new ownership could either live on site, or they could rent out all 4x studios for at least VND 20M / month. This is a great feature of this business for sale, allowing a big part of the fixed monthly costs to be covered by the rental income from the studios.

Foreign ownership of a restaurant business:

In Vietnam, it is possible for a foreign individual or company to purchase a restaurant business in Hoi An. The current business is registered as a 50% foreign owned limited liability company (LLC), but the legal entity itself is not included in the sale. Meaning that a new owner must register a new legal entity, which is possible either Vietnamese owned, mixed owned, or fully foreign owned. 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 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.