(SOLD) Investment opportunity: Greek restaurant in Da Nang

<< The former owner of a very popular, beautifully executed Greek restaurant in Da Nang, would like to start up her restaurant again. Unfortunately, she had to close her restaurant doors during covid, but she is eager to re – open in the near future. In return for a (passive) investment, she offers a generous equity share, and the opportunity for a long term visa. Passion for food and beverage, and some relevant skills would be appreciated, but not necessary. >>

What is on offer?

• The owner had a very popular, successful, highly rated restaurant in Da Nang.
• Unfortunately she had to close during covid, but she is very eager to start up again.
• She has experience in tourism, marketing, Greek cooking, and business operations.
• The concept and the brand are already proven, and could easily be re – used.
• The concept focuses on food, drinks, music, art, culture, and events.
• Looking for an investment of around VND 650,000,000.
• In return: the investor would get around 65% equity (profit share).
• The option of a long term visa sponsored by the business is also on the table.
• Passive investment is OK, while passion for Greek food, and relevant skills are a plus.
• Looking to establish 70 – 100 m2 in the popular An Thuong area of Da Nang City.
• The investment would be used for: rent, fit out, equipment, marketing, and staff.
• Previous revenue: VND 210,000,000 / month.
• Previous profit: VND 45,000,000 / month.
• The owner is very communicative, and open to discuss the business plan.
• Open and clear communication are key, to ensure mutual benefits for the long run.
• Further info, financial plan, and conceptual ideas available upon request !!

Potential:

• The former Greek restaurant of this Vietnamese entrepreneur was very popular, successful, very positively reviewed, and beautifully executed. She knows her way around Da Nang, she has many useful contacts, and she has managed to connect very well with both the foreign- and the local communities in Da Nang city.
• The concept and the brand are already proven, and the “blue prints” are ready to be re – used in order to start up the restaurant again. This time within an even more potential area of Da Nang, and with an even better business plan.
• This could be a very interesting opportunity for somebody with a passion for food, who is looking to own a majority equity share in a promising business, with limited day to day involvement, and with the added benefit of being able to obtain a long term visa for Vietnam.
• Of course, the owner would love to find an investor who shares a passion for Greek / Mediterranean cuisine, and who aligns with her vision and commitment to build a thriving brand. However, she is also open to partnering with a purely passive angel investor, or with somebody who has marketing and/or distribution experience.

Foreign ownership:

In Vietnam, it is possible for a foreign individual or company to officially obtain a majority equity share in a restaurant. The Vietnamese entrepreneur is open to register the business in such a way that it protects the investor’s interests, and that it would also allow them (if foreign) to obtain a long term visa for Vietnam. From our side, our Bizspective team is able to 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 investing in this business? Would you like to learn more about this restaurant, for example would you like to see more about the brand, or are you interested in seeing the financial plan? Do you have any further questions, and/or would you like to organise a meeting with the Vietnamese entrepreneur: click the “contact button” in the top right corner or send us an e-mail at admin@bizspective.com . We look forward to hearing from you! If you are looking for any other investment opportunities and/or businesses that are for sale, do not hesitate to contact us.

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