Turnkey profitable Italian restaurant for sale in Quy Nhon

<< This turnkey profitable Italian restaurant is for sale in the beautiful coastal city of Quy Nhon. It is well-established, well-run, and it is a favorite food destination for locals, expats, and tourists alike. It is currently generating a very good revenue, and an equally good profit every month. The owners are planning to relocate back overseas, thereby giving you an opportunity to take over a truly successful turnkey restaurant in the great seaside city of Quy Nhon. >>

What is on offer?

• Located in the centre of touristy Quy Nhon, < 1km from the beach.
• Popular among locals, expats, and tourists alike.
• Very well established, and very well run by a Vietnamese – foreign couple.
• Currently employing < 10 well – trained staff, all encouraged to stay on.
• Fully furnished, fully equipped, good quality, fully decorated.
• The building has three floors of 140 + 100 + 100 m2.
• Total capacity ~ 67 seats, including private dining area.
• Reasonable lease price of VND 20,000,000 / month.
• Lease contract valid until 2027, extendable after that.
• Fully licensed, partially foreign owned, recently upgraded facilities.
• Generating very steady revenue of ~ VND 350,000,000 / month.
• Very good profit numbers of ~ VND 100,000,000 / month.
• The asking price is ~ 2x yearly profits, which is very reasonable.
• Owners are offering full transition support, and training to new owner.
• Reason for selling: ownership couple is relocating overseas.
• Lots of photos, financial overview, and asset list upon request !!

Potential:

• This Italian restaurant for sale has such a great reputation: it makes customers want to try it out, come back, and recommend it to their friends. It is very well established, and it has built a great reputation over the years of its existence.
• Located in the beautiful Vietnamese seaside city of Quy Nhon, this is an ideal opportunity for somebody to take over and run a truly successful restaurant, while living in one of Vietnam’s most beautiful and promising cities. It could, for example, be very suitable for a couple, or a young family. Needless to say: Italian food is a crowd pleaser, it is very popular around the World, making it a very popular option for Vietnamese and foreigners alike.
• Of course, the new owner is completely free to carry on the business that the current owners have built, and the current owners are offering full transition support and handover training. However, the space is large enough, all the paperwork is in order, and everything is set for the new owner to give the place their own twist, and there is still enough opportunity to further develop the business.

Foreign ownership:

In Vietnam, it is possible for a foreign individual or company to own a restaurant for 100% in their foreign name. This is one of the great advantages of this field of business in Vietnam: 100% foreign ownership is possible.  The current business is registered as a partially foreign owned business. However, because the current owners run multiple businesses, they encourage buyers to establish a new entity. That could either be a Family household business (for Vietnamese buyers), or a limited liability company (LLC). From our side, our Bizspective team can advise you in more detail about 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 fill in the “contact us now” form.

Further information:

Are you interested in this business for sale? Would you like to learn more about this restaurant, for example would you like to see more photos, are you interested in seeing the financials, or would you like to know what is exactly included in the purchase? Do you have any further questions, and/or would you like to organise a viewing: click the “contact button” in the top right corner or send us an e-mail at [email protected] . The ownership team of this business is very helpful, they have everything ready for a take over, and they will be happy to show you their place. We look forward to hearing from you!

If you are looking for any more restaurants for sale, or any other type of business for sale, do not hesitate to contact us.

*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.