High Potential Gondola Rental Business for Building Maintenance For Sale

Business description

A small gondola rental company serving the construction and building maintenance sectors in Hongkong is looking for investor to help grow its business. The service is in general needed by contractors and engineering firms of property developers close to completion of construction projects or for building maintenance on a regular basis (e.g. exterior wall repair due to water seepage, wall coating/face lifting, cleaning and refurbishment, replacement/ installation of glasses, wires, water pipes, etc. )

Property information

Real Estate:

Lease

Lease terms:

Premises under a 3 year lease agreement with standard terms common to Hong Kong commercial practice.

Living accommodation:

N/A

Location:

Located conveniently with easy access to highway and main roads and can reach most places within an hour in Hong Kong

Other information

Expansion potential:

All public/government buildings, new and old, will use gondolas rental service, as unlike private developers, they do no own any gondolas;
Mandatory Building Inspection Scheme is under review and once passed will increase the market size;
As there are a few players, those neglecting safety and looking at short-term returns will soon lose the race in the competition.

Competition / Market:

There are not more than 10 players in the gondola rental service business in Hong Kong with the top one dominating the top tier market. Smaller players compete against each other in the mid/low market segments and only those with safety and service quality mind set can sustain.

Reasons for selling:

Owner is "Jack of all trades" and lack of financing to cope with the need for capital investment

Contact the seller