0202001 Profitable Vending Machine Business for Sale in Hong Kong
Profitable Vending Machine Business for Sale in Hong Kong
Listing No. 852-02-02-001
• Business: Photo Printing Booths
• Location: Kowloon, Hong Kong
• Features: A picture is worth 1,000 words and this business is all about pictures. The vending machine business on offer is photo printing booths, and in Hong Kong, there are currently 20 of them. With around 400 booths world-wide in other countries like USA, Canada, Vietnam, France, Russia, Finland and more, the group company is looking to continue growth and is looking to raise funds to do so. The rights to Hong Kong are on offer as this country represents an investor with the ability to make money from day one and to expand. It is felt that as many as 50 machines could be installed around Hong Kong and provide a buyer with a very good income. Already, the machines are installed in places like Amoy Plaza, Grand Plaza, MOKO Mall, K11, HKIA, Dragon Centre, Fashion Walk and many more.
The machines have a foot-print of less than 1m2, weigh 150kg and come in a couple of colours. They particularly appeal to the younger generation who are obsessed with taking photos (often of themselves) and just love to print and share them with their friends. Instagram, face book photos, any photos on your cell phone or digital camera. You just connect and away you go.
There are no business premises involved and the current 20 machines are serviced by 2 part time and 1 casual worker who collectively are paid HKD 10,000 a month. All of the booths are connected with internet and this costs HKD 466 per machine. Just recently, the company successfully completed integration of cashless purchases via the national transport card system – Octopus Cards – making use and payment even easier. Overheads in this business are low and there is really no reason to market the booths as their purpose is self-evident and they are in high visibility areas.
Financials will be disclosed to genuinely interested buyers and meetings with the owner and/or country representative is by appointment only.
• Tenure: Business for Sale (Assets and IP)
• Asking Price: HKD 3,108,501
• More Information: Please contact us for more detailed information (we require your name, phone number and e-mail address)
Video courtesy of KDPW
AsianBusinessBrokersListing Owner Member Since: May 25, 2018
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