Business summary

Garmon Group is a food and entertainment group based in Hong Kong that owns and operates two night clubs, Volar and Fly, and three Japanese-style curry restaurants under its own brand “Tiger”. The clubhouse between the two groups is strategically positioned to cover different areas of the evening entertainment club market. Volar aims to provide an excellent clubhouse experience for customers with strong spending power, while Fly aims to cater to young professionals and university students and graduates; Gennevrecht Sacheres Articles and reports, as of 2016/5 In terms of revenue for the year ended January 31, the Group was one of the leading operators in the Hong Kong clubhouse market, with a market share of about 10.6%.

Competitive advantage

A leading position in strong brand awareness

The group's clubhouses and restaurants are well-designed, well-located and diverse in products

The Group has established relationships with major suppliers

Risk Factors

If the Group's net current liabilities during the historical record period were not successful or sufficient funds were not obtained to fund the expansion plan, the Group's business and development prospects may be adversely affected

A significant portion of the Group's revenue comes from Volar. If Volar's business experiences or causes any major operational or other difficulties, it may reduce, interrupt or hinder the Group's operations and operations at that location

Use of proceeds

Approximately 44.3% were used to set up two sports-themed bars

Approximately 15.5% was used to set up 2 independent restaurants and 2 food court restaurants

Approximately 36.8% were used to renovate and renovate Volar and Fly

Approximately 3.4% is used as general working capital