Southern Trade Supplies
Queenstown, Wānaka & Cromwell
Information Memorandum
For Sale at $2,000,000 plus GST (if any)
Accelerating success.
Introduction
Colliers have been exclusively appointed to market Southern Plaster Supplies 2010 Limited (T/A Southern Trade Supplies) for sale.
This business is being offered For Sale at $2,000,000 plus GST (if any).
This information Memorandum provides preliminary information to assist interested parties with their assessment of the business. Further information is available on request.
colliersotago.co.nz/67023343
All enquiries, requests for information and arrangements to undertake inspections in relation to this opportunity are to be directed to the sole agent:
James Valentine +64 21 777 772
james.valentine@colliers.com
Executive Summary 5 Location 6 Lease Information 8 Sales Revenue 10 Due Diligence 11 Contents 3 SOUTHERN TRADE SUPPLIES
Executive Summary
Southern Trade Supplies presents an exciting new opportunity for owner-occupiers and investors to acquire one of Central Otago’s premier trade supply businesses. With a strong reputation through the region, STS has a retail presence in Queenstown, Cromwell and Wānaka..
VENDOR
Southern Plaster Supplies 2010 Limited
33 Glenda Drive, Queenstown
ADDRESS
17C Frederick Street, Wānaka
37 Barry Ave, Cromwell
TENURE Leasehold (lease over freehold property)
NZBN 9429033912349
• 2022 - $5,925,124
TOTAL SALES
ASKING PRICE
• 2021 - $5,449,738
$2,000,000 plus GST (if any)
NUMBER OF EMPLOYEES 11 full time staff
HOURS OF OPERATION Open weekdays 7.30am - 5pm
LEASE DETAILS
$166,847.83 + GST across three stores and two storage units
NOTE Full trading financials are available on signing of a confidentiality agreement
5 SOUTHERN TRADE SUPPLIES
Locations
Southern Trade Supplies boasts one of the most prominent trade retail sites on Glenda Drive, Queenstown’s premier industrial area. This site is convenient for trades businesses, and benefits from excellent exposure to passing traffic.
In Wānaka, STS has developed a strong customer base from the local trades businesses. Despite being in a rear site, the business has a strong reputation which keeps the site busy.
In Cromwell, the Southern Trade Supplies site is shared with another business, but is well positioned in the heart of the main industrial area. The surrounding businesses are predominantly trade related, making it a convenient site for suppliers and customers to visit.
SOUTHERN TRADE SUPPLIES 6
locations indicative only
Queenstown
Wānaka
Cromwell
Leases Location Address Net Rental p.a. (excl. GST) Commencement Date Term Queenstown Retail Store Unit 1, 33 Glenda Drive $86,637.78 14-Jul-20 4 years Wānaka Retail Store 17 Frederick Street $31,349.88 12-Oct-17 10 years Cromwell 37A Barry Avenue $26,000.00 1-May-21 5 years Queenstown Storage Unit 33 Glenda Drive $19,081.00 12-Oct-17 10 years Wānaka Storage Unit 17 Frederick Street $3,558.00 Month to Month
Initial Expiry Rights of Renewal Final Expiry Rent Review Notes 13-Jul-24 2 rights of 4 years 13-Jul-32 Market rent reviews every 2 years, 2% increases annually 11-Oct-27 1 right of 10 years 11-Oct-37 Market rent reviews every 2 years 30-Apr-26 1 right of 5 years 30-Apr-31 CPI reviews every 2 years 12-Oct-27 1 right of 10 years 12-Oct-37 Market reviews every 2 years
Sales Revenue
Revenue Net Current Assets 6 month to 30 Sept 2022 $2,965,986 $1,191,431 2022 $5,925,124 $1,228,036 2021 $5,449,338 $1,165,434
Due Diligence
To assist in the assessment of this offering, comprehensive due diligence information is available. For access to all documents please register your interest with the sole agent.
A full set of financial accounts is available on signing of a confidentialy agreement. All enquiries, requests for information and arrangements for site inspections are to be directed to the Colliers sole agent:
James Valentine +64 21 777 772
james.valentine@colliers.com
11
Colliers, Top Floor, 10 Athol Street, Queenstown colliersotago.co.nz/67023343
DISCLAIMER: This Information Memorandum has been prepared solely for information purposes in order to assist interested parties in making an initial evaluation of the property and does not constitute advice nor purport to contain all of the information that a prospective purchaser may require. In all cases interested parties must conduct their own investigation and analysis of the property and the data set out in this Information Memorandum to satisfy themselves in all respects and not rely on the information in this Information Memorandum to make their purchasing decision. This Information Memorandum has been prepared in good faith and with due care by Colliers, but neither Colliers nor the Vendor accept responsibility hereunder for the accuracy of any part of the information contained in this Information Memorandum. Therefore the recipient/s of this Information Memorandum to the extent that they rely on the information contained herein do so entirely at their own risk. The Vendor and Colliers NZ Limited (and its brokers) expressly disclaim all liability for representations, express or implied, contained in, or for omissions from, this Information Memorandum or any other written or oral communication given to any prospective purchaser in the course of their evaluation and/or offer. This Information Memorandum does not constitute an offer for sale or purchase or otherwise. Please be aware that Mortgagee Sales can present more risk to purchasers, we recommend you take advice from your lawyer in this respect.
plus
any)
Southern Plaster Supplies 2010 Ltd T/A Southern Trade Supplies FOR SALE AT $2,000,000
GST (if