Hi RW. I'm and accountant and business adviser.
My gut is this is a hare-brained idea. At the very least you need to do some research first. Start with:
1. I know HK pretty well although haven't visited for a few years now.
When I was last there there were quite a number of high end audio retailers in the malls. Perhaps you should google them and find out who they are are what they are doing.
2. It's probable most of the US manufacturers you are thinking of representing already have licensed retailers in HK in which case they won't work with you. You should research this for the lines you are interested in handling.
3. You will need a load of capital to start this. You need to rent a shop. HK is about the most costly retail area in the world. Then fit it out. Then buy in all the dem and display pieces you need. Then hire staff. All this before you have made a cent. I'm guessing you will need US1million at rock-bottom. You need to add it all up before jumping.
My gut is this is a hare-brained idea. At the very least you need to do some research first. Start with:
1. I know HK pretty well although haven't visited for a few years now.
When I was last there there were quite a number of high end audio retailers in the malls. Perhaps you should google them and find out who they are are what they are doing.
2. It's probable most of the US manufacturers you are thinking of representing already have licensed retailers in HK in which case they won't work with you. You should research this for the lines you are interested in handling.
3. You will need a load of capital to start this. You need to rent a shop. HK is about the most costly retail area in the world. Then fit it out. Then buy in all the dem and display pieces you need. Then hire staff. All this before you have made a cent. I'm guessing you will need US1million at rock-bottom. You need to add it all up before jumping.