Profitable and large rooftop restaurant – bar for sale

*** Update: the business owners have updated their asking price. It was USD 105,000, and they have updated it to USD 85,000. Inquire now for further info, and a viewing !! ***

<< This popular, beautiful, unique, well – established bar and restaurant is located in Ho Chi Minh City’s trending Thao Dien area. It is (quite a lot) bigger than other rooftop businesses: they have inside and outside seating for > 150 people, with a total floor area of ~ 210 m2. It has spectacular views, and it is ideal for events, which is what the current owners are already doing very well. Fully equipped, fully furnished: this is a turnkey profitable business that is ready for a new owner to take over !!! >>

What is on offer?

• Located on the rooftop of a central building in Thao Dien, Ho Chi Minh City.
• Unique venue: much larger than most other rooftops, easily fitting 150 (!!) people.
• Fully furnished, with inside and outside seating.
• Fully equipped kitchen and bar, currently serving a wide range of drinks and food.
• Current lease is VND 56,000,000 per month.
• The lease contract is valid for another 2 years.
• Upon transferring the ownership, a new lease of 5 years will be available.
• The owners are selling the assets and the lease only.
• Meaning: the branding, social media, etcetera is included, but not the legal entity.
• The floor size is about 210 square meters.
• Very good turnover, steady profits, and clear upward trend since covid.
• With their current profitability, an ROI of < 2 years is possible.
• Great views of Ho Chi Minh City’s iconic Landmark 81 building, illuminated at night!
• Owner is willing to provide training to assist the new owner with a smooth transition.
• The business currently has 7 employees.
• Open 7 days a week from early evening until early morning.
• Reason for selling: one of the (lead) owners is moving overseas.
• More info regarding equipment, revenue, profit, photos –> available upon request.
• The true potential is best seen with your own eyes, so we encourage viewings !!

Unique selling points:

• A very well established and popular rooftop bar for sale.
• As well as great tasting cocktails, this business also serves delicious, in – house food.
• Fully equipped, fully furnished, turnkey, and adaptable to your own style if needed.
• Very good turnover and profit numbers, competitively priced at < 2 years profit.
• Located in the buzzing Thao Dien area of Ho Chi Minh City. Wonderful, unique venue, much bigger than other rooftop businesses: very suitable for hosting a wide range of events, from DJ parties, to football matches on big screens, to watching the fireworks over Ho Chi Minh City’s skyline.

Potential:

• District 2, and particularly Thao Dien is Ho Chi Minh City’s number 1 area for expats and affluent Vietnamese. The area is developing rapidly, with new, creative, fancy businesses coming up every day. Vietnamese and foreign expats love good food and drinks specifically in HCMC, and they are willing to spend good money for quality time at a great restaurant and bar.
• The current business is well – established, fully equipped and furnished, and doing well. The venue is large enough, with inside and outside seating, that a new buyer would have a lot of options to fine – tune (or adapt more fundamentally) the place to their requirements.
• The current owners are already doing very well with drinks, and with events, but especially in the food section there is still quite some room for development. The business has its own kitchen, and a buyer who also knows how to do food very well: they could really take this business to new heights !!

Foreign ownership:

In Vietnam, it is possible for a foreign individual or company to purchase a bar and restaurant. Having said that, the current owners are not selling their legal entity, mostly because they are using their current legal entity for other projects too. Meaning that a buyer would need to establish their own, new, fresh legal entity. However, regardless of whether the buyer is foreign or Vietnamese, this is not very complicated. 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 things. And 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 business, for example some financial details, more photos, and a list of furniture and equipment that is included in the sale? Would you like to organise a viewing: that is a great idea, we highly encourage it –> just 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 more restaurants / bars for sale: don’t 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 company 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.