FAQ: How Much Does It Take To Open A Vietnamese Coffee Shop?

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How much does it cost to open a coffee shop in Vietnam?

Each takeaway coffee shop has an area of 4 – 40 square meters, and costs between VND65 million ($2,800) and VND175 million ($7,540) to set up, said Vo Thi Ha Giang, Director of Communications at Trung Nguyen Group.

How do I open a cafe in Vietnam?

HOW TO OPEN A RESTAURANT IN VIETNAM

  1. Choose a Restaurant Concept and Brand.
  2. Form Your Menu Items.
  3. Obtain Funding.
  4. Choose a Location and Lease a Commercial Space.
  5. Permits and Licenses.
  6. Source Equipment and Food Suppliers.
  7. Design a Restaurant Layout.
  8. Hire the proper Staff: You and remain local Vietnamese staffs will be one team.

How much money do I need to open a coffee shop?

A sit-down coffee shop typically costs between $200,000 and $375,000 to set up. A large drive-through shop can cost between $80,000 and $200,000. A small kiosk may cost between $25,000 and $75,000. A franchised sit-down coffee shop can cost up to $673,700.

Can a foreigner own a bar in Vietnam?

Opening a restaurant or a bar in a guesthouse, hostel, or a hotel in Vietnam. Food and beverage businesses are open to foreign ownership. You can set up a bar, cafe, or restaurant in your hotel without partnering up with a local company. Note that such businesses require sublicenses.

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Why do Vietnamese go to coffee shops?

Having a deep passion for enjoying coffee in the shop They often have their favorite coffee shop with palatable drinks. Going to coffee as a way to spend their free time, reduce stress or a short time escape of working.

Which business is good in Vietnam?

Textile and Garment Garment and textile items production is one of the most lucrative businesses in Vietnam. Foreigners or investors are likely to make a profitable gain out of this sector because it is considered one of the active sector in its exported items.

How do I open a bar in Vietnam?

In order to open a bar in Vietnam, it is required that you obtain, among other things, a fire safety certificate, a food safety license (if you plan to serve food or snacks to your customers) and a liquor trading license. Alcohol is a very sensitive issue in Vietnam and this might be the toughest part of the process.

Is owning a coffee shop profitable?

According to Small Business Chron, coffee shops make an average annual revenue of about $215,000 per year by selling about 250 cups of coffee daily. That works out to be about $18,000 in revenue per month. Hence (considering the average month is 30 days long), coffee shops make about $600 per day.

Is owning a coffee shop worth it?

Opening a coffee shop can be extremely profitable if you do it right. Pass by any busy specialty coffee shop and it will likely be full of customers enjoying coffee, espresso, lattes, teas, and a variety of pastries and other goodies.

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Why do coffee shops fail?

Coffee shops fail for reasons that vary from poor management, lack of sales to cover costs, bad employees, and service, as well as having too much debt.

Is it hard to start a business in Vietnam?

The process of starting a business in Vietnam is simple and relatively easy. This makes the country a good place to open a small business like a restaurant or consulting firm.

What is the highest paying job in Vietnam?

The top 5 currently highest paid jobs in Vietnam

  1. Finance/Investment. Finance and investment were the fields that have the highest salary according to the report of VietnamWorks 2019.
  2. Banking.
  3. Programmer and Information Technology Industry.
  4. Construction engineer.
  5. Marketing.

Is Vietnam a good place to start a business?

Being one of the fastest-growing economies in the world, Vietnam becomes a strategic place for many foreign entrepreneurs to invest. Its relatively cheap but highly qualified population is not the only reason attracting businessmen from all over the world for starting a business in Vietnam.

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