For sale: Restaurant for sale in Hoi An – Great reviews and ratings.

Asking price

3,000,000,000 VND

EQUITY

100%

Net profit

300,000,000 VND

Turnover

1,440,000,000 VND

Ownership

Vietnamese owned

Licenses

ERC, Food safety and hygiene certificate, Alcohol license, Fire license

Sector

Food and beverage

Restaurant for sale in Hoi An – highly rated restaurant

What’s on offer?

  • This highly rated restaurant offers all kinds of F&B services, including: a la carte dining, tapas, wine bar, cocktails, tap beer, catering, food delivery and more.
  • Highly rated across several online platforms, such as: Google Maps and TripAdvisor.
  • Large area of 190 m2, with both indoor and outdoor seating available.
  • The lease price is VND 10,000,000 / month, with the lease contract valid until June 2027 (extendable). The rent has been paid up front until the end of 02/2023, which is already included in the asking price. From 03/2023, the rent will go up to VND 15,000,000 per month.
  • Fully equipped with professional equipment (list available upon request), and fully furnished.
  • Has the necessary licenses to operate:
    • Business registration (100% Vietnamese owned).
    • Alcohol license.
    • Food hygiene certificate.
    • Fire safety license.
  • Has 3 kitchen staffs / 3 front house staffs.

Key selling points:

  • This business has a reputation for excellent food amongst the many dining options in Hoi An – by preparing meals  from the highest quality ingredients and attention to details. Highly rated on Google (5 stars) and TripAdvisor (100%).
  • Located on a busy road in the number 1 tourist city of Vietnam: Hoi An. Indeed, it is hot spot for tourists and expats.
  • Fully furnished, and fully equipped with professional equipment.
  • It is already making a good turnover and an interesting turnover, but the foreign owner and his Vietnamese wife are going to focus on a different part of their professional career, and are looking for somebody to continue their business. Detailed information of profit, revenue, etcetera is available upon request.
  • Newly established (February/2022).
  • The owner is willing to help with the transition, and to provide training for some weeks after the acquisition.

Potential:

  • Why Hoi An city?
    • This is a UNESCO World Heritage Site.
    • Over 3 million tourists visited Hoi An every year before covid.
    • This town attracts people from all over the World,
    • All tours of Central Vietnam start in Hoi An.
    • Hoi An streets are jam-packed with tourists all year round.
  • Vietnamese people spend a sizeable portion of their incomes on food and drink. Estimates suggest that somewhere between 20% to 48% of household income is spent on food and beverage consumption. Vietnam is also Asia’s top beer consumer.
  • Tourism is another sizeable contributor to Vietnam’s food and beverage industry. Tourists spend an average of 23.7 percent of their budget on food and drink while in Vietnam.

Foreign ownership:

In Vietnam, it is possible for a foreign individual or company to purchase a restaurant. This specific business is currently registered as a Vietnamese owned Family household business. But our Bizspective team can advise you in more detail about how you could try to obtain foreign ownership, if you would be interested in that. We can also help you with the legal / administrative side of the acquisition. So if you have any questions about foreign business ownership you can contact us directly either via Facebook, WhatsApp, e-mail, or fill in the “contact us now” form.

Further information:

Are you interested, would you like to learn more about this business for sale, do you have any questions, and/or would you like to organize a viewing: click the “contact button” in the top right corner or send us an e-mail at businessforsale@bizspective.com . We look forward to hearing from you!

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