The Flying Fox Information Memorandum

The Flying Fox Information Memorandum Listing No. ABC Business Sales Ltd Lic REA 2008

PREPARED BY:

Steve Davey Business Broker ABC Business Sales 027 257 6856 steved@abcbusiness.co.nz

Statement of Passing Over Information This Information Memorandum has been compiled primarily by the collection, classification and summarisation of records, documents, representations and financial information (“Compilation”) supplied by the Vendor or the Vendor’s agents. Accordingly ABC Business Sales Limited (ABC) is merely passing over the information as supplied to us by the Vendor or the Vendor’s agents. The information herein has been sighted and approved by the Vendor.

Warning While we have compiled the Compilation from such records, documents, representations, and financial information supplied to us by our client, we cannot guarantee its accuracy and reliability and we have not checked, audited, or reviewed the records, documents, representations, and financial information and therefore to the maximum extent permitted by law neither ABC nor any of its salespersons nor employees accept any responsibility for the accuracy of the materials from which the Compilation has been prepared.

Confidentiality This Information Memorandum and all information relating to the Compilation are strictly confidential. You must not distribute, copy or disclose this Information Memorandum or any of its contents to any person (other than your professional advisers on a need to know and confidential basis) without the prior written consent of ABC Business Sales Limited. If you receive a copy of this Information Memorandum but are not an authorised recipient or a person responsible for delivering it to an authorised recipient, you must immediately return this Information Memorandum to ABC Business Sales Limited. By receiving this Information Memorandum, you irrevocably agree to these confidentiality terms and any other terms set out in this Information Memorandum. The information contained herein has been sighted and approved by the Vendor.

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Contents Business Overview

4&5

Cablecar

7

Bellbird Corner

8

Koru Corner

10

Kiwi Cabin

11

James K Baxter Cottage

12

Riverboat Cottage

14

Treetops Studio

16

Tui Cottage

18

Owners Residence

20

Financial Performance

24

Executive Summary

25

Land & Buildings

27

Summary

28

Business Potential

29

Customer Reviews

32

Financials

33

Chattels

34 & 35

Broker

36

Next Steps

37

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Business Overview 'The Flying Fox' is a unique and iconic property, steeped in history. One of only a handful of freehold sites in the area, it is located on a 12.8083-hectare site on the western bank of the Whanganui River. Nestled on the edge of the Whanganui National Park, this property provides an authentic rural location yet is only 45kms north of Whanganui. Often described as ‘fairy- tale cottages’ The Flying Fox currently operates bespoke tourist accommodation overlooking the river, with a stunning native bush-clad backdrop.

The Flying Fox aerial cable car is the iconic title feature of this property and crossing the river feels like stepping into another world. The ride also ensures the true beauty of the area surrounding this property can be appreciated during the journey across the river. The cable car provides primary access for owners and guests alike with alternative access from the river via jet boat or canoe.

Approximately 2 hectares of the site is actively managed and utilized for owners and guests with the remainder in native bush.

The present owners have extensively renovated the property over the last eight years, bringing everything up to modern-day standards while retaining the unique, rustic feel of the place. .

To view more about the wildlife and business please visit www.theflyingfox.co.nz Business Name Information Memorandum | 4

Business Overview continued The accommodation for tourists comprises of two individual hand-built cottages, an off-grid tiny house, a studio, a wooden cabin, a glamping tent and campsite. A separate three-bedroom house with an office is currently used as the owner's residence. Quirky embellishments and ornate native timber features abound throughout the site giving a warm and homely feel. All the accommodation units are fully self-contained offering privacy for guests, yet communal outdoor seating, the fire pits and the dining area all offer great space for larger groups to socialise.

The existing owners have built up strong relationships with other tour operators, both local and international, and the business has solid bookings for the next 12 months, catering for both over-night and extended reservations. The property is on the route of the Mountains to Sea Cycle Trail, Te Araroa Trail, and Tour Aotearoa, making it a prime location for visitors.

The property is mainly off-grid (although is still supplemented by mains power) and is run on environmentally friendly principles. This includes a dedicated area for recycling, composting bins, 16 solar panels, water tanks, a small dam, and composting toilets. Whilst there is no cell phone reception in the Whanganui River Valley, an internet connection with Wi-Fi access available across the entire complex, ensures the business can be run with ease and guests who wish to remain in contact with the outside world can do so.

Self-sufficiency is an easily obtainable goal at the Flying Fox with extensive plantings including an orchard with both avocados and tamarillos, historic walnut trees, copious fruit trees, and large vegetable gardens. An abundance of wildlife such as pigs, goats and deer are a hunters dream and the property comes complete with a flock of cheeky chickens.

This sale offers a genuine walk-in, walk-out transaction, with all guest accommodation remaining fully furnished and an extensive list of chattels included. Whether you are looking for a property to live your off-grid dream or to pick up and run a tourism business with a proven track record, The Flying Fox will tick all the boxes.

Cablecar The Flying Fox Cablecart in Whanganui offers an extraordinary and unique way to access a stunning destination, providing visitors with an unparalleled view of the breathtaking Whanganui River. Nestled in the heart of New Zealand's North Island, this innovative cable cart system combines adventure with scenic beauty, creating an unforgettable travel experience.

One of the highlights of this unique transportation method is the access it provides to an otherwise remote and pristine location. The journey concludes at a destination where visitors can immerse themselves in the tranquility of nature, explore walking trails, or simply relax and absorb the serene atmosphere. The Flying Fox Cablecart not only offers a mode of transportation but serves as a gateway to a hidden gem, enticing travelers to discover the untouched beauty of the Whanganui region.

Whether seeking adventure, a unique travel experience, or simply a serene escape, the Flying Fox Cablecart in Whanganui provides a remarkable journey that combines the thrill of flight with the awe-inspiring scenery of the Whanganui River. It stands as a testament to the creativity and ingenuity of travel solutions that bring people closer to nature while leaving them with lasting memories of a one-of-a-kind adventure in New Zealand's beautiful landscape.

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Bellbird Corner Bellbird Corner is a glamping tent situated in a quiet corner of Koru campsite. The tent is located on a raised deck and is equipped with a comfortable queen-sized bed, a sofa, coffee table, cooking equipment and outdoor chairs and table. This offers guests the opportunity to experience the fun of being under canvas but in comfort and style! Bellbird Corner shares the kitchen and bathroom facilities of the campsite but has its own space in which to relax. Plantings offer a sense of separation and privacy from the camp site.

A small solar panel supplies lighting in the tent. This ever-popular accommodation is currently run between October and April each year and is never short on bookings. The addition of a second glamping tent would be a viable area for expansion.

Glamping tent - $100 per night 1 Queen Bed, 1x sofa and shared kitchen with camp site

Koru Camp Koru campsite is a nature lover's paradise, situated in a serene and sunny location behind the cottages.It has been developed by the owners to make the most of the surrounded native bush and kiwi can often be heard here at night.

The campsite is a popular spot among hikers on the Te Araroa Trail, particularly those canoeing down the river. Between November and the end of February there is good occupancy of the campsite from this market. The campsite offers ample space for tents and a communal fire pit provides a great area for socializing in the evenings.

The newly extended kitchen shelter has everything needed for campers, including running water, a two-burner gas hob and a larger BBQ. Alongside the kitchen, there is a covered seating area, as well as outdoor tables and chairs. Both the kitchen and seating area have solar lighting. Two toilets and a newly built shower room are located nearby in the orchard and, for those looking for a unique experience, there is a wood-fired bath and additional shower located in the bush. The campsite also offers a range of outdoor games, tree swings, and a slide to keep visitors entertained.

Campsite Tariff - $20 per person per night non powered sites

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Kiwi Cabin Also located on the edge of the campsite is Kiwi Cabin. This is a wooden cabin hand-built on the base of an old pop-top trailer. Completed in late 2022, the cabin was designed to accommodate 'woofers,' but it has also proved a popular option for campers seeking a break from being under canvas. Fully insulated, the cabin features a double mattress in a nook at one end, built-in seating and a fold-out table at the other end. Hanging space and under-seat storage make it practical for extended stays. The covered outdoor deck with a roll-down blind makes for a great outdoor relaxing area, and an old log burner adds a quirky touch as an outdoor fireplace. Lighting is provided by a small solar panel, and toilet and bathroom facilities are shared with the campsite.

Both Kiwi Cabin and Bellbird Corner are equipped with basic pots, pans and plates. Kiwi cabin also has a portable gas ring for use on the covered deck.

James K Baxter Cottage The James K Cottage is a charming two-storey barn-style lodge that exudes relaxation and tranquillity, embodying The Flying Fox theme. The cottage is constructed from local upcycled timber, adding to its rustic charm. The cottage is themed around the NZ poet James K Baxter and his time in Hiruharama/Jerusalem. Memorabilia adorns almost every corner, including many books and a beautiful sketch of 'The Bard' magnificently drawn onto the wall in the dining area. Additionally, the nuns from the Hiruharama convent have contributed numerous items over the years, giving the J K Cottage an enchanting spiritual allure. The cottage is surrounded by historic walnut trees that were gifted by the first Anglican missionaries to travel up the Whanganui River.

This cottage is set up to accommodate families or friends groups, with three single beds on the first floor and a second queen bed tucked away off the open plan lounge/dining area on the ground floor. The first-floor balcony provides stunning views of the river and gardens, making it a perfect spot for contemplation as you watch the sun rise. Both bedrooms have been recently recarpeted.

The James K Cottage is equipped with all the necessary amenities, including a wet floor shower, vanity unit, and modern composting toilet. The newly fitted kitchen adds to the cottage's modern convenience and features a two-burner induction hob and gas oven, a fridge/freezer and various appliances. Outside under the spacious porch sits a gas BBQ. A potbelly stove is located in the living/dining area for warmth, and the water is gas heated. There is an electric heater in the bathroom and a panel wall heater in the first-floor bedroom ensuring a warm and cosy feel throughout. The stereo, LPs, cassette tapes and books will take you back to another era and make relaxation easy.

This cottage has a floor area of 54 m2, including an 11 m2 veranda, and boasts a beautiful tongue and groove floor, while the cladding is a mix of weatherboard and corrugated iron.

2 Bedrooms, 1 queen bed 3 singles Tariff - $250 - $475 per night

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Riverboat Cottage The Riverboat cottage is a second charming two-storey cottage located alongside the James K Cottage, providing stunning views over the river. This cottage is named in honour of the historic riverboats that used to travel the river, providing an essential life-line to the settlements in the Whanganui hinterland. The cottage’s interior decor reflects this theme with local artwork depicting the historic boats that frequented the awa along with local maps and literature for guests who are interested in learning more about this historic aspect of the area.

The cottage has a floor area of 54m2, with an additional 11m2 of verandas. Copper sinks in the kitchen and bathroom, brick flooring, and macrocarpa panelling give the cottage a warm and welcoming feel and continue the upcycling theme into this cottage.

This cottage is designed for relaxation, with an open-plan kitchen, dining, and living area, and a wood burner to keep you cosy on chilly nights. The kitchen includes a two-burner gas hob, gas oven, microwave and a fridge/freezer.

Additional appliances such as a slow cooker and electric fry pan are also available enabling guest to self-cater with ease.

Upstairs, you'll find a spacious queen bedroom with spectacular views of the river, with wood panelling giving a true ‘riverboat’ feel. A smaller bunk room on the ground floor provides comfortable sleeping quarters for additional guests or children. The bathroom includes a modern composting toilet, corner shower, and a vanity unit and is complete with an outdoor bath, providing a unique and tranquil way to soak up the scenery.

A covered deck with seating behind the cottage looks out to avocado trees, making it the perfect spot for a relaxed BBQ. The water is infinity heated, and the cottage equipped with a log burner, electric heating in the bathroom, and panel wall heaters in the bedrooms, ensuring that guests are cosy and comfortable no matter the season.

2 Bedrooms, 1 queen bed 2 single beds (bunk) Tariff - $250 - $475 per night

The Riverboat cottage is clad in band sawn board and batten, as well as corrugated iron.

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Treetops Studio Treetops studio is located on the first floor of the Hub building, the studio offers stunning views of the gardens and hills from the balcony, and the treetops of the bush from the kitchenette window.

The open-plan studio is spacious and airy with plenty of space for two at 33m2.

Treetops offers flexible accommodation with a bed that can be arranged as a king or two singles, a sofa and matching chair, coffee table, a small office nook, and a dining table and chairs. There is also a cupboard which can be used as a wardrobe or for additional storage. The kitchenette is equipped with a kettle, a toaster, a benchtop oven/grill and a benchtop induction cook ring. There is also a television which can be utilized for watching DVDs, a CD player and vintage stereo with LPs and Cassette tapes.

The private toilet and shower are located downstairs and offer a semi-open layout with private views across the bush making for a unique cleansing experience. The deck is furnished with a table, chairs, and sun umbrella, making it an ideal spot to relax and enjoy the garden space.

The shower water is heated by gas and the studio has a small electric wall heater for comfort.

Cladding is a mix of plywood and plaster with timber foundations.

Treetops Conference room.

Treetops studio is also easy to convert into a conference room with coffee and tea making facilities. A number of corporate groups have utilized the site for retreats and workshops, both as day bookings and overnight stays and this is an area identified by the current owners as one with potential for growth.

1 King or 2 singles Tariff - $135 - $150

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Tui - The Tiny House

1 Queen bed, 1 king single sofa bed Tariff - $135 - $150 per night

Tui is a charming, off-grid tiny house, nestled further along the riverbank with stunning views and surrounded by a stand of hazelnut trees that provide a sense of privacy and seclusion. This is an ideal unit for couples wanting to get away from it all.

At the centre of Tui is a unique, hand-built wooden cart that houses a kitchenette and a table with seating along with bar stools and bench looking out into the orchard where deer are often seen. Step out onto the covered deck, and you'll find a cosy, fully insulated cabin featuring a bedroom with picture windows that overlook the river. The front windows of this cabin open up, allowing guests to enjoy the beauty of the night sky and the peacefulness of the river while lying in bed. The cabin has a queen-sized bed, while the seating in the cart converts into a single bed that's suitable for a child or teenager. A private bathroom with a shower, basin, and composting toilet is located at the other end of the deck. Water is heated with a gas infinity unit ensuring a continuous supply from the dedicated water tank which was installed in 2022.

Tui is completely off-grid. Two small solar systems provide power for lighting, USB charging ports and the water pump.

The kitchenette is fully equipped with a chilly bin, a twoburner gas hob, and a small grill. Additionally, there's a gas barbecue on the covered deck, perfect for outdoor cooking and entertaining.

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The Hub Another eye-catching building, the Hub is centrally located and is essentially the engine room of The Flying Fox. On the ground floor (approximately 41m2), this building houses the workshop, the laundry area, an additional kitchen, the onsite shop and a space for guests to browse tourist information, all leading directly off a central walkway. Outside there is a covered area dedicated to recycling. This includes an electric glass crusher, purchased in 2022 which turns glass bottles into a sand like material which can be used on paths and the driveway or mixed with concrete in place of sand.

The large workshop or ‘mancave’ is every handyman’s dream. With plenty of space for both practical and artistic endeavors, the sliding window opening directly out onto the bush is sure to provide inspiration. Many items of equipment in the workshop will remain as chattels (some being negotiable), making it a ‘walk in and go’ workspace.

There is an additional kitchen in the Hub, equipped with a large gas hob and oven, a chest freezer, an upright freezer and a double fronted fridge/freezer.

There is also an additional fridge/freezer for guests, who are staying off-grid, to use. Hot water is provided by a gas infinity heater and there is a separate hand washing sink. This kitchen is currently used as additional storage for catering supplies and as an area for preserving produce from the gardens. The water supply for this building comes from two large water tanks installed in 2022.

The newly constructed laundry provides a spacious storage area for all the linen used for the business, and is equipped with a front-loading washing machine and two tumble dryers. The onsite shop currently stocks a range of food and beverages along with art/crafts made by the current owners. This is popular with a wide range of customers and provides a consistent additional income stream.

On the first floor, above the kitchen and workshop, is Treetops studio. Cladding is a mix of plywood and plaster with timber foundations.

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Owners Residence - Ruru Lodge Ruru Lodge is a stunning house that combines modern amenities with rustic charm. It immediately captures your attention with its crowning turret visible from the eastern bank. Nestled behind native and exotic flora, it exudes a sense of enchantment, reminiscent of childhood fairy tales. The original dwelling of The Flying Fox, Ruru Lodge is versatile and can be used as a residence for the owner or as a standalone accommodation lodge for larger groups.

The house boasts a spacious floor area of 165m2, with 114m2 of living space and the rest being comprised of porches and verandas. With three bedrooms and a separate office, there is plenty of space here. The open-plan kitchen/lounge/dining area is perfect for entertaining guests, warmed by the sun in summer and a log burner in the cooler months. All bedrooms and the lounge have recently been recarpeted whilst the original wooden floors have been retained in the bathroom and kitchen/diner. The newly fitted kitchen with a large mobile island has gas/electric cooking and includes a fridge/freezer and microwave.

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Owners Residence - Ruru Lodge continued

There are covered and open-air entertainment verandas on several sides of the house, with a large deck that serves as a dining area for guests. The house features a modern composting toilet, a kitchen hot water cylinder, and solar heated water in the bathroom (with electric backup). The corner shower and vanity make for a comfortable bathroom experience whilst the outdoor bath, screened by a colourful bottle wall, adds to the overall relaxation and charm of the lodge.

One of the bedrooms, located in the turret, is currently being used as a hobbies room and offers a rooftop terrace with expansive views of the river. This is the perfect spot to watch the sunrise while sipping on your morning coffee.

The house is clad mostly in vertical plank on batten, with a mix of corrugated iron and tray profile iron for the roof.

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Environment and Surroundings The Flying Fox is a property that seamlessly blends into its surroundings, surrounded by a lush and verdant landscape of native and exotic plantings. Entering the property, via steps from the cableway, guests often describe it as an unexpected oasis. The property is thoughtfully designed with plenty of strategically placed seating throughout the grounds, inviting guests to stop and take in the serenity or simply relax with a drink. A network of established walking tracks leads through the property and the surrounding bush, with three different paths that provide access to the river, one of which can be navigated with a quad bike. Whilst the river is ever-changing, a safe and consistent swimming hole is located just a five-minute walk north of Ruru lodge, and another is found opposite the property below the stream.

The area is teeming with wildlife, with deer often spotted along the riverbank as well as in the orchard and gardens. A wide variety of native and introduced birds, including rare species such as whiteheads, riflemen, and kiwi, are also present in the area.

The Flying Fox is a well-established property, with an abundance of mature fruit trees, ornamental shrubs, and perennial flowers, including a thriving avocado orchard that provides an additional income stream. The glasshouse and tunnel house compliment the vegetable garden and the property's temperate micro-climate enables the cultivation of a wide variety of fruits and vegetables. Water for irrigation is supplied via a small dam and gravity-fed to all outside taps. All of this means that it is possible to achieve a self-sufficient lifestyle very easily.

In addition to the avocado orchard, the other plantings on the property include walnuts, hazelnuts, almonds, grapes, figs, bananas, feijoas, persimmon, hops, cherry guava, pomelo, kaffir lime, cherimoya, a variety of berry fruit, olives, quince, pears, plums, apples, lemons and lime. A recent planting of tamarillos could also be developed further for commercial production.

There are a number of supporting outdoor buildings on the property, including storage sheds, a glasshouse, a tunnel house, a tool shed, a chook house and run. The Flying Fox is also home to a collection of ornate and vintage items that adorn the grounds, adding to the property's unique charm and character, these will remain on the property unless otherwise stated.

Executive Summary

2023 Turnover

EBPITD

$127k

$32k

Staff

Land

2 WO

12.8ha (28 acres approx)

Asking Price

$1.2m

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Financial Performance This is not your typical business. Its a remote off grid lifestyle business and as such the financial results are not a true reflection of the business. The owners live onsite and most of their personal costs are covered by the business. Food is in plentiful supply at the property and many other personal expenses like power, phone, accomodation etc are covered. Income is generally from accomodation tariffs and the owners do all the cleaning and maintenance. We would suggest the financials results are less about the profits and more about the revenue that is generated from this site.

$127k FY23 Revenue

$32k FY23 EBITDA

82% FY23 Gross Profit Margin

2020

2021

2022

2023

Income

$132,203

$111,224

$110,150

$127,177

Gross Surplus

$102,498

$88,552

$84,329

$104,164

Gross Profit %

78%

80%

77%

82%

Expenses

$99,814

$76,812

$110,283

$134,911

Net Profit

$2,684

$11,710

-$25,954

-$30,747

Other Income

$596

$20,513

$46,062

$6,618

Interest

$9,474

$7,647

$6,645

$0

Depreciation

$14,291

$8,861

$10,402

$10,000

Personal Expenses

$18,754

$16,263

$1,606

$46,231

EBPIDT

$45,799

$64,994

$35,361

$32,102

Add Backs

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The Flying Fox - Land & Buildings 3081 Whanganui-River Road, Matahiwi Key details include: 12.8083 Hectares Certificate of Title WN288/153

InformationMemorandum Memorandum || 527 Information

Summary Discover the Flying Fox Retreat: Your Off-Grid Haven on the Whanganui River!

Escape the ordinary and embrace a life of tranquility at the Flying Fox Retreat – a rustic sanctuary nestled on the Whanganui River in New Zealand! This unique property offers an extraordinary lifestyle with diverse opportunities.

Property Features: 3 unique Cabins & Huts: Ideal for guests exploring the Te Aroha Trail or the mountains to sea mountain bike trail.

Glamping & Camping Sites: Experience nature with a touch of luxury.

Owners' Accommodation: An exceptional off-grid dwelling with stunning views.

Fruitful Bounty: Over 15 fruit varieties, an avocado orchard, and a flourishing vegetable garden.

Flora and Fauna: Sheep, pigs and deer roam freely, creating a harmonious connection with nature.

Live Off-Grid, Host Worldwide: This is an opportunity to embrace an off-grid lifestyle while hosting guests from around the globe. The retreat is often fully booked, turning this property into a thriving business.

For the Nature-Loving Hippy: Tailored for those who cherish growing their own produce, living sustainably, and enjoying a child-free, isolated environment.

Endless Possibilities for the Free Spirit: Whether into holistic well-being, yoga, business retreats, or artistic pursuits, the Flying Fox Retreat is your canvas. Host retreats or spend your days pursuing artistic endeavors.

Your Invitation to an Amazing Life: Escape, live off-grid, and revel in the beauty of the Whanganui River at the Flying Fox Retreat. Join those who have discovered the perfect blend of tranquility, sustainability, and hospitality.

Asking Price

$1,200,000

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Business Potential The current owners have spent the last eight years renovating and updating the tangible assets of The Flying Fox. This has included not only repair and maintenance of all the existing buildings but also the installation of 16 solar panels on the roof of Ruru Lodge, extensive rewiring of the site, replacement of grey water systems, installing additional water tanks, updating the composting toilets and showers, and renewing many of the appliances. In addition, the campsite area has been developed to include a kitchen shelter/seating, ablution facilities, the glamping tent platform and kiwi cabin. The vast majority of these assets will remain on the property to enable buyers to continue or adapt the existing business with ease. The sale will also include assets such as the website, Facebook page (3K followers), TripAdvisor (5* rating), Instagram page, AIRBNB listings, logos, existing brochures and branded merchandise and customer mailing lists.

Whilst the last three years have presented significant challenges to small businesses, The Flying Fox has been able to maintain consistent visitor numbers throughout this period. During the two years of border closures overseas guest numbers were replaced with New Zealanders exploring the Whanganui River area. Little paid advertising is currently undertaken with most customers coming via the website or social media and word of mouth.

Current customer target markets are: 1)18 – 35 yr old campers/glampers: NZ families and the participants completing the Te Araroa Trail 2)Cyclists undertaking the Mountains to Sea Trail or Tour Aotearoa 3)Overseas visitors: middle aged or older professionals who are holidaying in NZ and want to get ‘off the beaten track’.

4)NZ residents: professionals with disposable income who are interested in unique accommodation with an off-grid, sustainable focus in a peaceful location.

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Business Potential The Flying Fox has built strong relationships with several local tourism operators in the Whanganui River area and utilizes these to offer a variety of activity/accommodation packages for guests. These packages have proved popular in the last couple of years with guests enjoying the convenience of an inclusive experience with just one booking.

The Mountain to the Sea Trail includes the Whanganui River Road and is demonstrating increasing numbers each year. This trail provides a strong customer base both via the website and through a number of local companies who deliver packages on the trail.

Overseas tourism is starting to reignite and pre-Covid connections with inbound tour operators are proving fruitful once again. Forward bookings currently extend through to March 2024.

While existing business has been consistent, there are several areas identified as being viable for increasing revenue in the future:

*Offering evening meals for all guests. *Running a café menu during the day in the summer. *Adding additional glamping tents. *Actively increasing the overseas tourist market. *Expanding the ‘corporate retreat’ market. *Building a ‘health retreat’ programme. *Providing hunting packages *Adding additional activity/multi stay package deals with other local providers *Running a commercial jet boat *Become certified as ‘organic’ to increase prices obtained from sales of produce such as avocados.

The owners are willing to negotiate a ‘handover’ period should this be desired by the purchaser.

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Customer reviews

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Financials

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Chattels James K Baxter Cottage 3 single beds 1 bedside table 1 chest of drawers 2 lamps 1 towel rail 1 floor rug 1 Queen Bed 2 bedside tables 2 lamps 1 headboard 1 small cupboard 1 armchair 2 sofas 1 tea trolley (2 Tier) 1 stereo system 1 coffee table 1 dining table and chairs 1 fridge/freezer 1 bookcase/cupboard 1 gas wall oven / grill and housing All pots, pans, utensils and crockery.

Waste Bins x3 1 standard lamp 3 floor rugs 1 Wicker sofa and 1 chair 1 dining chair 1 BBQ & table 1 outdoor set table and chairs 1 wood box 1 box of outdoor games 1 small dining table and 2 chairs

Riverboat Cottage Tui, the tiny house Bellbird Glamping Tent 1 Queen bed 1 Queen bed 1 Queen Bed 1 Headboard 2 bedside tables 1 Sofa Bed 2 bedside table 1 storage box with books, games 2 bedside tables 1 desk/table 1 armchair 1 coffee table 2 lamps 3 floor rugs 3 floor rugs 1 hat stand 1 gas hob and grill 1 solar system for lighting 3 floor rugs All pots, pans, utensils and crockery 1 old trunk with pots, pans, utensils etc 1 bedroom chair Waste bins x3 Waste Bins x3 1 set bunk beds 1 chilly bin 1 shoe box 1 chest of drawers 2 bar stools 1 3 tier basket storage unit 1 lamp 1 BBQ and table 1 outdoor table and chair set 1 small stool 2 outdoor chairs 1 antique telephone 1 bench seat Camp kitchen 1 floor rug 1 fire pit with brazier 1 large BBQ 1 sofa 1 solar system for lighting 1 gas hob and grill 2 arm chairs 1 box of outdoor games 1 stereo system 1 coffee table 1 dining table and chairs Treetops Studio 1 Fridge / Freezer 1 bed set (can be 2 singles or king) 1 microwave 1 outdoor table and chair set 2 bookcases 1 sofa + matching arm chair 1 Gas oven 2 bedside tables 1 Sideboard 1 coffee table 1 standard lamp assorted floor rugs All pots, pans, utensils and 2 stereo systems crockery LPs, CDs, books Waste bins x3 All pots, pans, utensils and crockery Books, LPs and indoor games Waste Bins x2 2 floor rugs 1 under bench fridge 1 outdoor bath 1 bench top hot plate 1 wood box 1 electric fry pan 1 BBQ and table 1 desk 1 outdoor set table and chairs 1 sideboard cupboard 1 box of outdoor games 1 boat shaped wall shelving unit 1 two tier small wood unit

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Chattels continued Ruru Lodge 1 Bookcase/shelving 2 wardrobes 1 lamp 1 bookcase 1 chest of drawers 2 recliner armchairs 1 large bookcase 1 floor rug 1 dining table and chairs 1 Fridge / freezer (unsure as yet) 1 microwave 1 large stove (electric oven, gas 6 burner hob) Some pots, pans, utensils and crockery 1 bread maker 2 coffee machines (drip filter) 1 sofa and 1 wicker chair 3 large tables and chairs on dining deck 2 outdoor heaters (not the ones currently there) 1 swinging egg chair 1 wood box

Summer Kitchen and laundry 1 Large 6 burner stove Gas oven and hob 1 upright freezer 1 chest freezer 1 double front fridge freezer 2 freestanding storage cupboard 2 tumble dryers 1 front loading washing machine 1 freestanding storage cupboard All linen for guests (towels, sheets etc) Cordless Vacuum Cleaner Battery Window Cleaner Stocks of Toilet Paper, Kitchen rolls, cleaning products etc 1 Fridge Freezer 1 Desk 1 Formica table and 3 chairs 3 shelf units 1 glass front display fridge All existing Flying Fox merchandise

Workshop and Sheds Stihl Brush Cutter Makita Line Trimmer Condor Generator (serviced in may) Compressor Assorted paint etc Chipper (rebuilt 2021) 1 x canoe 2 x ladders Avocado pickers (assorted) Honda Quad Bike 2 x Lawn Mowers Electric Fence unit, tape, standards (unsure as yet) Grinder Specialist large crescent spanner for tightening cable Assorted power tools Assorted hand tools Arc welder 2 x fuel containers Plumbing fittings Irrigation fittings Assorted building supplies (nails etc) Assorted timber Black and decker battery tools, charger etc Gas bootles Assorted camping gear For Sale by Negotiation Metal Dingy Shindawa Chainsaw Stihl Chainsaw (large 661) Chainsaw mill Dropsaw mill Table saw Band saw Thicknesser Planer Drill Press Water blaster (petrol)

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Expanding your Business?

WHY WORK WITH STEVE

Business Sales Experience With over 100 business sales to my name I have the experience to handle any sale. No one sells more businesses in the Manawatu than I do.

Marketing I am a multi award winning marketer with a large social media presence and expertise.

Financial Analysis Having been a business banker for several decades my financial analysis skills are first class. That’s a skill I can use to fully understand your numbers and also be able to convey them in the best way to buyers.

Buyers network I have developed a strong buyer database over many different industries. This includes SME buyers right through to Private Equity and large corporate buyers.

IN PROFILE

Trust Vendors have trusted me with over 100 business sales on their behalf with great results achieved.

“Steve has a successful track record as a business broker in Palmerston North serving the Manawatu region. His marketing expertise, approach to client services and sheer passion has seen him establish himself as the dominant player in the area. His large network of contacts, extensive financial & business experience from a range of industries, will be beneficial for both sellers and buyers.”

ABC Top Performer Group 4 Years Running

Chair of the Manawatu Business Chamber of Commerce

Manawatu Golf Club Member

ABC Business Sales Limited Licensed REA 2008

If you are starting a business, buying an existing business, or your business is highly specialised, we have the expertise you need in a finance professional.

Buying a Business?

Cashflow Funding?

At The Loanary we understand that cashflow is the heartbeat of any good business. We also understand that a growing business often needs to borrow for cashflow assistance. We have a number of solutions for short term and long term requirements.

This could be anything from needing to purchase stock, funding an invoice, employing new staff, right through to paying tax.

We work in collaboration with you and your advisors i.e lawyers, accountants etc, ensuring that we are there to manage and provide support throughout this complex process. Some advisors simply arrange finance, at The Loanary, it is important for us to be a market leader. We therefore supervise the process of facility documentation, establishing transactional banking and the final loan settlement of the business.

Our services come at no cost to you.

Call one of us today for your free financial advice!

Buying a business is known to be stressful. Because we streamline this process and only work with motivated lenders, it means we can deliver better outcomes and more satisfied clients.

We are your financial partner in business!

Y Business Finance Simplified.

At Finance Link we do things differently, we understand business, we are business owners and are passionate about supporting kiwi businesses grow!

We don’t operate like the banks; we work like we are part of your business and strive to understand your aspirations, what is going to make you successful and what we need to do to make this achievable.

We specialise in: Business Acquisition

Alan Groat

Barry Mitchell

FINANCIAL ADVISOR 027 284 0158

FINANCIAL ADVISOR 021 292 8076

FINANCE LINK Working With Us: What to Expect Finding the right interest and capital structure for your business by yourself isn’t easy. That’s why the experts at Finance Link are here to work with you. Here’s what to expect when we work for you: Tell us about your business’s goals and financial circumstances We research, analyse, and recommend a funding strategy We prepare your loan application and negotiate directly withyour chosen lender We keep you updated and informed every step of the way

Finance Business Finance

www.abcbusiness.co.nz

Steve Davey Business Broker

At The Loanary, our goal is to work closely with new and existing business owners to provide financial solutions for all their needs.

Are you a new start up or looking to grow? Maybe there is a competitor you are looking to acquire?We work in collaboration with you and your advisors to ensure that we have comprehensive financial reports which best represent your business. We then deal with the right financial institution and banker to get the best deal going.

Working Capital

027 257 6856

steved@abcbusiness.co.nz www.financelink.co.nz

Aaron Brownlee

Sam Brown

Commercial Financial Advisor

Commercial Financial Advisor

M 027 589 8570

M 020 4150 5870

E aaron@financelink.co.nz

E sam@financelink.co.nz

Next Steps Detailed information will be provided only to parties who demonstrate a strong and genuine interest and financial capacity to proceed with this acquisition.

Confidentiality is a very high priority for most business owners. They will need to be assured that your interest is genuine before further privileged information is supplied.

The information contained in this profile has been prepared to provide you with an overview of the business to determine its suitability. You will also need to factor in your own circumstances and requirements;

Is it affordable?

Is it in the right location?

Can you run it successfully?

Does it provide the income you need?

After consideration of all the relevant details, you should be in a position to decide whether this business meets your personal criteria and you have the necessary financial resources to complete a sale. Your broker will be able to advise you in this regard and we may also be able to assist with funding if required.

To that end the sale process will involve: 1. Interview with the ABC broker, provision of further information as required/appropriate, under confidentiality agreement.

2. Introduction to the Client and inspection of business premises, if appropriate.

3. Submission and presentation of conditional offers (subject to due diligence) with a deposit payable through ABC. This will include all relevant terms and any conditions that need to be satisfied before you give your final approval. A copy of a draft agreement can be prepared as per your instructions and forwarded to your solicitor as required.

4. Negotiate the sale process and complete all necessary documentation.

5. Conclusion of due diligence by purchasers and their accountants/solicitors.

• Liaise with the lawyers and accountants for both sides as well as the landlord.

• Help to effect the completion of all terms and conditions.

6. Obtain the final sign-off to confirm the contract.

Under no circumstances may prospective purchasers make contact with management, employees, suppliers, agents, or customers without prior consent of ABC who will then seek the Authority of the Client.

Information Memorandum |

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