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Newly Established Food Cart for Sale in Phu Quoc, Vietnam

Restaurant with food cart, 30+ regulars and prime locality near Ong Lang beach.

Established 0-1 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 20 thousand
Run Rate Sales USD 33 thousand
EBITDA Margin 40 %
Industries Restaurants + 1 more
Locations  Phu Quoc
Local Time 6:40 AM Asia / Ho Chi Minh
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 20 thousand (Native Currency: VND 500,000,000)
Reason: The owner has other businesses to run.
Includes physical assets worth USD 16 thousand
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Business Overview

- Operating a rare proper burger joint on the island, acclaimed as one of the best burger destinations in Vietnam, complemented by a food truck offering additional food options.

- Attracting interest from several beer companies for potential collaborations in the upcoming season, indicating opportunities for strategic partnerships and expanded offerings.

- Diversification potential for the food truck by adding items such as smoothies, juices, ice cream, bread, and cigarettes to cater to varied customer preferences and increase revenue streams.

- Average Order Value (AOV) standing at VND 200k, reflecting the profitability of each transaction.

- Providing seating for 25 customers with an average daily footfall of 30 or more patrons, ensuring consistent customer engagement and service.

- Possessing necessary licenses including business permits and adherence to food safety regulations, ensuring legal compliance and customer safety.

- Located in proximity to renowned resorts and hotels within a tourist-centric area on the island, benefiting from high foot traffic and demand for quality dining options at competitive prices.

- Offering flexibility in kitchen layout and equipment, enabling customization to meet evolving business needs and optimize operational efficiency.

- Featuring a spacious dining area in an open setting, providing a pleasant ambiance for customers to dine, converse, and enjoy music without discomfort from noise pollution, enhancing the overall dining experience.

Products & Services Overview

Restaurant with a food cart serving burgers, hot dogs, fries and homemade sauce.

Catering to tourists and expats.

Assets Overview

A fully permitted, custom-designed food truck boasting a mere 8,000 kilometers on the odometer, with no history of accidents or damage. The vehicle is equipped with water and electric systems.

Comprehensive kitchen equipment inventory, comprising freezers, gas stoves, blenders, meat grinders, meat slicers, and various other essential tools required for burger and beverage preparation.

Noteworthy acclaim, boasting a stellar rating of 5 stars on Google reviews.

Facilities Overview

- Spanning 200 square meters, the property boasts a serene ambiance, enveloped by lush trees, with a scenic backdrop of mountains and the nearby ocean accessible by foot.

- Positioned at a prime spot, right at the bustling T-junction, with constant traffic flow and convenient access to two-way bus stops, overlooking Ong Lang Beach on Phu Quoc Island.

- Featuring a fully equipped one-bedroom residence with a private toilet, along with an additional guest toilet and a kitchen, accompanied by ample parking facilities.

- Monthly rent of VND 5 million, all secured under a cost-effective one-year lease (with the possibility of extension, subject to negotiation with the landlord. A few months remaining on the lease).

Capitalization Overview

Sole shareholder with a 100% stake.

Self funded operations.

No loans or debts.

Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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