A fantastic opportunity to acquire a profitable, niche business. House of Cards is the leading distributor of greetings cards and gift wrap and packaging in Hong Kong
- Consistently profitable since 2010 and resilient to downturns including COVID and protests
- Huge potential for growth in 2023-24 as restrictions are lifted
- Cash flow positive and debt free
- Long-standing relationships with 23 Hong Kong retail customers including large store groups
- Currently distributing to 100+ stores
- Exclusive distribution rights with 40+ key UK suppliers
- Distribution of high margin, repeat-purchase greetings cards represents 70% of turnover
- We sell 250,000 greetings cards every year and 75,000+ other items including gifts, gift wrap and packaging
- Tried and tested systems and processes for logistics and warehousing
- Asking HK$5.5 million to acquire 100% of the business
- Price includes HK$1.7 million worth stock in warehouse and in stores already generating profit
- 100-150% margin on greetings cards which represent 70% of turnover – potential for growth in greetings cards sales via new customers / increased number of stores / new markets
- Scalable business with substantial growth potential including:
- New product lines with existing customers
- More stores with existing customers
- New customers
- New markets across APAC including Singapore
Hong Kong 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 Hong Kong 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.
