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Đông Vui Food Court

Đông Vui is a large restaurant style food court of 1260 m2 in the centre of Ham Tien, Mui Ne. With plenty of trees covering the open areas, the structures are of wooden frames and coconut leaf roofs, perfect for tourists wanting to experience traditional Vietnamese ambiance. The customer feels that they are in a single restaurant and yet they have access to a wide range of difference foods.

 

The site has 3 covered dining areas and open dining areas shaded by mature trees. In the centre is a bar with a large cold room from which a wide range of draft & craft beers are sold.

Created in 2014, it was sold to the current owner in 2016 when it was doubled in size and rebuilt. That owner now wishes to do a new project.

Đông Vui became very popular and was one of the "must visit" locations in Mui Ne, sometimes serving 300+ customers per day. The area can seat 280 people in differing styles such as sofas, dining tables, or high bar tables. The bar has a pool table, and can be made suitable for live entertainment.

 

During the pandemic, the owner kept Đông Vui open (at his own cost) to support the staff and cooks.

COVID caused extensive damage to Vietnam's tourist industry and many of the food court's kitchens had to close. However, this creates a superb opportunity to update the design and services, and to renovate as required. The buildings were rebuilt with new roofing, new waste water systems, new electricity systems, etc in 2023-24.

The site and its assets are for sale either as a complete package or as a limited partnership.

Business Opportunity

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Everything you need is available

The investment in 2023-24 was at least 2.5bn vnd and continues as more improvements are made.

  • The site has 3 covered dining areas with open areas covered by beautiful mature trees. The dining areas are wooden and the roofs are all coconut leaf. There is a range of different types of seating for 250 people (tables, chairs, sofas, etc). 

  • The central area has the main bar which is equipped with a large cold storage room. The bar has draft beer systems for 15 different beers, and has many spare items in nearly new condition.

  • Website, Facebook and Instagram accounts, Google account, email accounts, etc will all be transferred. 

  • All suppliers will be introduced. Sample contracts for cooks, land rental, etc are included. 

  • The dining areas are surrounded by smaller buildings that contain kitchens. All have been refurbished.

  • Almost everything that is now on site is included in the sale: Cash machines, printers, WIFI APs, fridges, freezers, cold room, bar equipment, kitchen equipment, tools, small generator, cleaning systems, advertising boards, light-boxes, etc. 

Not included...

The business is owned by a joint ownership limited liability company which is authorised to employ foreigners. Vietnamese buyers should open their own company and transfer the business into it.

Some contracts would be transferred: Electricity, water supply, internet.

The land rental agreement has been renewed, (please request details).  A new rental agreement must be between the landowner and the new operator for legal reasons. 

Easy Options

Option 1: Complete purchase 

A single payment and a signed transfer contract would secure complete ownership.

Option 2: Partial purchase, lease-purchase property 

A first year payment and a signed transfer contract for movable items, plus a lease contract for the infrastructure for 2-3 years for would secure ownership and the right to operate the business. After the contract term, all property would be owned by the new operator. This provides a low cost first year with slight higher costs in later years.

Option 3: Lease-purchase 2-3 years 

Payments made over 2-3 years, and a lease-purchase contract which transfers all property and rights when the final payment is completed.  

Other suggestions would be considered.

Reason for Sale

The current owner wishes to start a new project in another town. He cannot operate Dong Vui as well as setting up a new business. He bought the food court in 2016 and has now worked continuously for 8 years.  A change of scenery is necessary.

Contact

Zalo:  0834517858

Whatsapp: +84834517858

Phone (Tiếng Việt):- 0379101150

Phone (English):- 0834517858

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