Business summary

Goodman Group is a well-known food and beverage group in Hong Kong. Its restaurants have won awards and offer a wide range of cuisines, including Chinese, Spanish, Thai, British, Italian and Southern California cuisines of different brands and themes. Since the Group's first restaurant, 208 Duecento Otto, opened in May 2010, it has established a good reputation in Hong Kong and strengthened its market position through a multi-brand business model. The group currently owns and operates 10 independent full-service restaurants.

Competitive advantage

The Group is committed to providing customers with a unique dining experience with quality food, thoughtful service and a comfortable dining environment

The group's restaurants are strategically located

The Group implements strict quality control measures to ensure food quality and hygiene

Risk Factors

Liquidity may weaken as the group has recorded negative cash flow from operating activities in the past

If the group is unable to obtain sufficient funds to expand the plan, business and growth prospects may be adversely affected

Unattractive group restaurant locations, increased rental expenses, and failure to renew existing leases of leased properties may adversely affect business and operating performance

Use of proceeds

Approximately 56.5% is used to develop new food and beverage concepts and restaurants

Approximately 26.5% is used for maintenance in existing restaurants

Approximately 7% is used to redeem term loans

Approximately 10% is used for general working capital