What is on offer?
- The pub’s has is nicely decorated with colorful paintings, the entrance area is decorated by an local artist in a street art style, a bright ceiling made of flags of the countries of the World.
- 98 square meters of floor size.
- Western food, cocktail card, wide range of spirits and craft beers.
- 41 seats inside and 10 outside, full capacity is over 100 guests.
- Fully furnished (air cons, fans, wooden bar, bar stools, fridges, tables, chairs, sofa, 3 CCTVs, 5500 luminous projector, Ocha restaurants touch screen, 3 large speakers, music system and others).
- Fully equipped kitchen: sink, fridges, 2 gas stoves with 2 burners each, pizza oven, microwave and others.
- The lease price per month is VND 11,000,000 and there is around 3 years left on the current lease (extendable).
- Monthly P&L Statement and company presentation are available upon request.
=> Overall, this is a turnkey business: asking price = VND 466,500,000.
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Key selling points:
A. Outside advantages:
- This stylish pub is centrally located in of Hoi An city, at the crossroad between 2 traffic lights, the tourist transport has a parking lot right in front of the pub. Also near the Cycling Tourist Route (the most famous tours in Hoi An).
- Has no competitors within a radius of 500 meters.
- Lots of walk – by and drive – by audience.
- More than 20 popular hotels are located within a radius of 100 meters. The owner worked with a staff of these hotels and they do recommend this pub to their guests as a place for lunch or dinner. The owner also provide their advertising coupons and business cards at the reception of each hotel to make it easy to find the pub.
- There is a time restriction for bars and restaurants located in the Old town. But this pub’s location allowed the owners to work without restrictions.
B. Inside advantages:
- Alcohol sales license,Food license, Fire license.
- There are 3 air-cons in the pub for the hot summer season which is rare to find amongst the restaurants in Hoi An
- Owners have contracts with the popular delivery services such as GrabFood, Now, Foody in Vietnam, which provide up to 10 orders per day.
- Optimized power consumption.
- Most profitable conditions from suppliers, which makes it possible to earn more.
- Deferred payments.
- Fully equipped, turnkey business.
- Current owners are moving to another country so they want to sell this pub to new owners make full use of its potential.
- This business is currently 100% foreign owned, which is a good sign for foreign investors looking to acquire it. This is something that is more and more difficult to find in Hoi An.
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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 and foreign expats love good food and drinks, and they are willing to spend money for quality time at a great bar.
Foreign ownership:
In Vietnam, it is possible for a foreign individual or company to purchase a 100% foreign owned pub. Our Bizlen 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, or e-mail.
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Want to know more information?
If you would like to know more about this business for sale, do not hesitate to contact us via:
- Bizlen.Team@gmail.com
- (WhatsApp, Viber, Zalo.) +84 354 900 977
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