Exciting and Growing Entertainment Business for Sale Quarry Bay
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For Sale and Rent

Exciting and Growing Entertainment Business for Sale Quarry Bay

Listing Number:

  • 852-01-03-001

Asking Price:

  • HKD 1,500,000

Entertainment Amusement Park / Venue
Hong Kong Island 香港島 Eastern 東區

Business Details

Company:

  • Yes

Average Monthly Electricity:

  • HKD 600

Property Details

Tenure:

  • Business Sale and Rent (Leasehold Premises). 3 years with option to renew (Rolling Lease). Next renewal will be on 21 April 2019

Tenure Options:

  • The current owners will consider a partnership proposal as an option to out-right sale if required

Rent:

  • HKD 25,500 per month. Payable monthly in advance

Security Deposit:

  • HKD 51,000.

Connected Utilities:

  • Power
  • Water
  • Internet

Stock:

  • Stock at the time of settlement is Included in the asking price

Internet:

  • Connected at the cost of HKD 388 per month. Wifi Enabled.

Security:

  • HKD 0 per month

Price Negotiable:

  • Yes, near offers will be considered

Agent's Comments

Always wanted a slot-car set as a kid and Santa never delivered? Now is your chance! This business has to be the most exciting new business we have offered for sale for a long time. Trading as required (by bookings from the website and FB page), the business is a Hong Kong registered company and the company is included in the asking price. It is managed by two partners, but has the potential to grow further and warrant staff.

The venue is unique to Hong Kong and is a one-of-a-kind in the city. Enjoyed by all ages, it's great for corporate events, team buildings, birthday parties, family fun and bonding, or just for enjoying a bit of fast-paced heart-pumping action. The track is 50m long and is set on a table top 1m high. There are multiple lanes with many cross-over sections for overtaking during the racing. Drivers use wireless remotes so they are not restricted to staying in one position while racing. It's great fun and is showing increasing popularity.

Operated from leased premises in Quarry Bay, the location is accessible by MTR and has parking nearby. Although the site is considered suitable, it is moveable of course and can really be operated from many different locations. In addition to the track in Quarry Bay, the owners also provide a service whereby they setup tracks for customers in their own locations like function rooms, hotels, exhibition centres and the like.

The business has a growing following, but is still somewhat in its infancy in terms of its potential. The owners are looking to move to the UK and are therefore looking for a new owner to take this dream to a new level. With the right passionate new owner, 'the sky is the limit'. Multiple venues and even franchising are possible. Transfer price is expected to be between HKD 1,500,000 and HKD 1,800,000.

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