|Hong Kong Based Greeting Cards and Gifts Distribution Business for Sale
Listing No. 852-02-05-002
· Features: Operational for many years, this very successful business is located in Hong Kong. Working from a leased premise of around 140m2 and with low overheads, the business has a history of trading profitably. Regardless of the 2020-2022 period marred by pandemic, lockdowns and local protests, the business still continued to produce a very good profit proving its resilience to such economic downturns. It has achieved excellent growth and continues to demonstrate such potential.
The business sells imported greeting cards, wrapping paper and seasonal merchandise to retailers. They currently distribute merchandise to 100+ stores. To assist their retailers with sell-through in their stores, the company offers a bespoke merchandising and display service. Repeat clientele is a significant hallmark of this business as all of the hard work has been done to establish this success. It has proven to be ‘recession proof’ and their products are in constant demand.
Each year, the business sells 250,000 greetings cards and 75,000+ other items including gifts, gift wrap and packaging. They have exclusive rights to 40 greeting cards designers and manufacturers.
The business is well setup with standardized and proven processes for ordering, freight, receiving and unpacking, labeling, barcoding and warehousing, picking and packing, store deliveries and merchandising. It is staffed and operated within a Hong Kong limited liability company. The company may be transferred with the sale if required. The asking price does not include stock on hand (SAV about HKD 2,000,000 at any one time), but may be included with the sale if required subject to the offer or proposal. The owner will assist with transitioning of the business. Financial records are available and may be viewed after Inspection AND after completing a Non-Disclosure Agreement (NDA).
Hongkong is a great country to do business. Be your own boss by taking over an existing business than starting a new business if you are unsure how to start a company. Business for sale in Hongkong is your best choice and you can look for our business broker for assistance or business advisor to advise you further in your business needs.