Autumn 12 Informer
Transcription
Autumn 12 Informer
the tourisminformer Autumn ‘12 free publication specialist tourism and hospitality brokers The Aquarius Pacific Hotel, Rarotonga www.resortbrokers.co.nz proudly published by ® the tourism informer helping you buy and sell tourism and hospitality properties throughout New Zealand & Rarotonga contents Brooklands Country Estate, Waikato Huntaway Lodge, Bay of Islands Emerald Spa, Rotorua Hanmer Springs Tamarind House Restaurant, Rarotonga Article: Website - your window to the World Halswell Lodge, Wellington Magic Reef Resort Bungalows, Rarotonga Okiato Lodge, Bay of Islands Resort Brokers Recent Sales Greytown Motel, Wairarapa Aquarius Pacific Hotel, Rarotonga Taipa Bay, Bay of Islands Article Specialists to the Industry Contact Details 5 3 4 5 6 7 8 9 10 - 11 12 13 14 15 16 17 18-23 24 12 7 Rarotonga - Cook Islands I advised in the last Tourism Informer that Resort Brokers were managed whilst you are not using it, and enjoy the benefits of considering a future in offering tourism related businesses to the income that would be provided. New Zealand investors in Rarotonga. In all cases, not unlike Fiji, the land is owned by the local Towards the end of last year Resort Brokers were contacted people and leases of up to 60 years were entered into. Resort by several Resort owners who were considering selling their Brokers have solicitors available to assist you through the due assets. That initial enquiry led to visits by resort owners to our diligance process. Auckland office, then by way of invitation, Gordon Fridge and I Resort Brokers have accepted the opportunity to represent reciprocated the visit to inspect their properties in Rarotonga. three owners through a sale process and as a result of this Making the decision to go wasn’t hard as we were trading 6 have included them in this edition of the Tourism Informer. days of a wet Auckland summer for the clear blue skies and We look forward to your enquiry and working through various warm water that Rarotonga offers. aspects relating to your business and lifestyle needs. Whilst Gordon Fridge has visited Rarotonga on many occasions Kind Regards, it was my first trip, and I can assure you it will note be my last. The island is exotic and the people very friendly as you would Wayne Keene. expect, this is truly paradise right on our doorstep. Ownership of businesses in Rarotonga is international but clearly New Zealand people have seized the opportunity to enjoy the income and lifestyle that the island offers. join the resort brokers team Many New Zealanders have since sold their businesses and continue to reside in the Cook Islands, others are looking to return to New Zealand for family reasons. Either way you have the benefits of living in a tropical environment but knowing you can return to New Zealand at will to take advantage of the many things you are accustomed to. Full support will be offered to grow your profile as part of New Zealand’s most successful, high profile specialist brokerage team. With the introduction of the Unit Titles Act a couple of years ago there is now a real opportunity for investors to purchase their own apartment or beachfront accommodation. Whilst the Unit Titles Act is still in its infancy there are various options available now, ranging from modern homes through to traditional waterfront Villas and Bungalows. Given the popularity of the Cook Islands as a destination it would be sensible to continue having your accommodation www.resortbrokers.co.nz 2 Resort Brokers seek sales people to specialise in transacting motel, hotel, management rights and hospitality businesses. As remuneration is based on your efforts you should be self motivated, prepared to learn quickly and be hungry for sales. You should be prepared to travel on a regular basis to service clients within the territory to which you will be assigned. Call Wayne Keene 021 666 991 ® Resort Brokers Limited MREINZ Licensed Under the Real Estate Agents Act 2008 Brooklands Country Estate freehold going concern - waikato WEBSITE ID NUMBER 1004 A Fantastic Country Retreat If you would not enjoy being woken by native birds morning chorus, after a quiet nights sleep, then this is not the property for you. Situated only 35 minutes north from Hamilton and an easy 80 minutes drive from downtown Auckland, this country retreat has it all - home and income second to none. Arriving at the lodge via a tree lined gravel driveway, you will find this magnificent home that has been built on 11.06 hectares of landscaped splendour. Amenities for you and your guests to enjoy include a 9x4 metre pool surrounded by 60m2 of covered wooden decks with BBQ area, a croquet green and 12 person spa that overlooks the grand country vista. Also the Estate boasts its very own helicopter pad, a full size tennis court which is fenced and floodlit, as well as a golf practice range and putting green. In addition to the Lodge is a Pine plantation that will be ready for harvesting in about 3 years time. PROPERTY FEATURES v v v v v 15 rooms all with ensuites State of the art Conference facilities Ideal wedding venue - historic St Albans Church right across the road Commercial kitchen, dining, lounge and billiard room Adjoining main building is 50m2 workshop/store PURCHASE PRICE & FINANCIAL INFORMATION $2,600,000.00 Freehold Going Concern Income and Lifestyle ray hart Mobile: 64 21 33 54 88 Facsimile: 64 9 369 1100 Email: [email protected] www.resortbrokers.co.nz 3 Huntaway Lodge WEBSITE ID NUMBER 992 freehold going concern - bay of islands Are you the perfect host(s)? Fabulous home and income Huntaway is a luxury Lodge sitting approximately 200m above the picturesque Te Ngaere Bay with stunning views of Piapia and Te Ngaere Bays, the Cavalli Islands and the Pacific Ocean. Only 35 minutes from Kerikeri and the Airport, and 10 minutes to the world famous Kauri Cliffs Golf Club. All rooms have sea views, modern deco and latest technology such as flat screen satellite TV’s and wifi. As the new owner you will have your selection of any of the stunning suites to make your permanent retreat. Recommended would be the recently built ‘The Retreat’ which is set above and beyond the lodge in the second dwelling with even more exquisite views and two premier ensuite bedrooms. Huntaway Lodge has an established international network of travel partners that deliver high quality discerning travellers. Currently 90% of business is from offshore markets, namely the UK, Europe and USA and is primarily run for 6 months per year. There is enormous potential for a new owner to extend the season and grow the local and Australian markets. A must see for those contemplating a lifestyle change. PURCHASE PRICE & FINANCIAL INFORMATION $2,950,000 Freehold Going Concern Northland Lodge - In a league of its own PROPERTY FEATURES v v v v v v v Two permanent dwellings on a single title Over 1 hectare of private native and exotic landscaped gardens designed by renowned landscaper Jonathon Fulton (Fulton Landscaping) 6 suites in total Built from low maintenance materials Cliff top infinity spa with pacific ocean views Qualmark rated 4 star plus Luxury Adventures preferred property michael osborne Mobile: 64 272 426 881 Facsimile: 64 9 369 1100 Email: [email protected] www.resortbrokers.co.nz 4 Emerald Spa Motor Inn Buildings and business (subject to a ground lease in perpetuity) - rotorua WEBSITE ID NUMBER 1009 One of Rotorua’s finest Located in the heart of Rotorua, Emerald Spa Motor Inn has an imposing appearance on Fenton Street “the motel strip”. It is in close proximity to retail shopping areas, restaurants, golf course, race course and the thermal attractions. The complex first opened in 2007 and it is clear that the developer and current owners experience was evident in design and quality, not only of the building but also the finish of the rooms. Rated 4.5 star, Emeral Spa Motor Inn oozes luxury, this along with the business goodwill reflects of the results being attained year after year. The owner’s accommodation is nothing short of executive sytle with 3 large bedrooms. The master contains an ensuite and there is also one other full bathroom. Rotorua “the jewel of the North” is internationally famous for its multitude of attractions, both scenic and culturual. The beautiful surrounding lakes and forest parks provide excellent fishing, boating, tramping and mountain biking. PROPERTY FEATURES v v v v 28 Luxury suites - all air conditioned Spa baths in all suites Heated Swimming Pool Gymnasium PURCHASE PRICE & FINANCIAL INFORMATION $3,700,000.00 Buildings and Business Return on Investment in Excess of 13.5% ray hart Mobile: 64 21 33 54 88 Facsimile: 64 9 369 1100 Email: [email protected] www.resortbrokers.co.nz 5 brent hannah Mobile: 64 21 359 678 Facsimile: 64 9 369 1100 Email: [email protected] Hanmer Springs Views Motel WEBSITE ID NUMBER 1012 freehold going concern or Business only - hanmer springs First time on the market - don’t wait too long.... This is a rare opportunity in Hanmer Springs. Having been built to higher than usual standard by the current experienced owners, and having enjoyed 12 successful years of business it’s time for them to move on. As one of the more successful businesses in town, it enjoys a prime location, strong and steady business whilst still having potential for growth. The Motel has 16 units consisting of four double units, two x 2 1/2 bed units and ten studio units. Each unit is well appointed to enjoy the spectacular mountain vista. There are multiple opportunities here. Own the Freehold Going Concern and run this yourself, own the Investment property and sell the business, or just purchase the business. Not to be underestimated is the opportunity to live in a magic little corner of New Zealand. Both a summer and winter tourist mecca popular for its therapeutic hot pools, idyllic scenery and range of outdoor activities. The owner’s accommodation enjoys a large sunny split level open plan living area, with 3 bedrooms and is ideally suited for security, whilst preserving privacy. PURCHASE PRICE & FINANCIAL INFORMATION Expressions of Interest Invited Freehold Going Concern or Business only Proven performer with established clientele PROPERTY FEATURES v v v v v v v A range of options for purchase Children’s play area, family BBQ areas and guest laundry facilities 16 units in total 1st Motel LHS driving into town, and only 450m to town centre Popular Winter and Summer tourist destination Wonderful Lifestyle Location Constructed with lots of design features kim johnstone Mobile: 64 274 962 664 Facsimile: 64 9 369 1100 Email: [email protected] www.resortbrokers.co.nz 6 Tamarind House Restaurant business - rarotonga Beachfront Restaurant Rarotonga Fancy owning a restaurant surrounded by palm trees, pristine white sandy beaches and a coral reef? Better still, what if this restaurant had an income of $1,000,000 + and company tax was only 20%? Tamarind House is arguably the most successful and famous restaurant in the Cook Islands. Opened and operated by its current owners since 2004, Tamarind House is renowned for its magnificent food and idyllic setting. Located only 3 minutes from the Rarotongan capital and 8 PURCHASE PRICE & FINANCIAL INFORMATION NZ$595,000 Business Only Call today to organise a viewing WEBSITE ID NUMBER 1014 PROPERTY FEATURES minutes from Muri beach, diners come from all parts of the Island to experience first hand the Tamarinds quality menu and ambience. Seating 90 in the restaurant (120 function seating) with a unique large pre dinner drink bar/cafe, Tamarind caters comfortably for groups of all sizes. Weddings are a huge source of business in the Cook Islands and Tamarinds memorable wedding package is very popular, making it one of the most sought after locations. wayne keene Mobile: 64 21 666 991 Facsimile: 64 9 369 1100 Email: [email protected] www.resortbrokers.co.nz 7 v Walk in operation v 5 + 5 + 5 Lease v Fantastic Income and lifestyle - yet room for growth vIdeally suited for owner/operators vSerious business with an umatched lifestyle and income vBuilding can also be purchased Gordon Fridge Mobile: 64 221 569 330 Facsimile: 64 9 369 1100 Email: [email protected] Website - your window to the World the best investment you can make in your business Your web presence is your window to the world. Clients need to be able to locate you on the internet and navigate your website with ease – or they will go elsewhere. I’m not an expert in this area, but through maintaining and improving our own site I have picked up some helpful tips detailed in this article. However we recommend you always check with your IT provider. Motels perform better if they have a strong web presence We have studied the books and performance of a great many motels over the years, it is clear that moteliers who ‘work’ their website perform better than those that don’t. But no need to panic - you don’t need to be an expert and it is not as daunting a task as it can appear. It has become clear that many people prefer to book online, so it is important to be highly visible and ensure you have an online booking system. These are great, convenient for the guests and means that there is no negotiation on the rate, as is often found when personal contact is involved. You must be easily found It is important to be found. If you don’t come up on the first page of a search inquiry you will miss out on a lot of business. To test your visibility use someone else’s computer and type in your motel name in both Google and Yahoo and see if you come up on the first page, then try motels and accommodation in your location. If you appear near the top of the list then you have a well optimised site from a visibility perspective. If not then you need to look at optimising your website. You can do this through simply ensuring you are using ‘key’ words on your site. Your IT provider will be able to assist in this. Website costs We know that so many of you are reluctant to spend a lot of money on your websites, we see many examples of static one websites that obviously cost only a few hundred dollars. This is not acceptable in today’s market and your potential customers will not be impressed. They want to see more. They expect current photos of rooms and facilities as well as detailed information on rooms, facilities, services and local tourist attractions. Generally sites that are not dynamic will also not attract the search engines so your visibility reduces. A good website could cost you around $4-6,000 but if you want a really good site it will obviously cost you more. Whilst this might seem like a lot of money it is an investment you can’t afford NOT to make. In your brief to your designer you should “Moteliers seek the ability to change text, who ‘work’ photos and specials yourself so their website you can keep the site up to date and fresh, without being a huge perform better cost to yourself down the track. than those that don’t” Exposure on other sites In the old days before the explosions caused by the internet, mediums such as AA and Jasons were absolutely essential in advertising your business, but their importance has reduced. I would ask you to consider the investment you make in these and other websites each year. It might be possible that you could reduce your spend on other peoples sites and invest that money into improving your own. If you can, you are better off getting the business direct from the customer to YOUR site, rather than pay annual fees, commissions or be forced to offer ‘sale’ rates from advertising on other websites. Online reservations a must Today an online reservations system has become a must – it is so convenient for your customers and they know immediately that they have a booking, the room type of their choice and the cost. From your perspective you don’t have to negotiate rate. More and more people are www.resortbrokers.co.nz 8 booking or wanting to book “An online online. Email messaging reservation is not sufficient as clients want immediate results. system has The ability to “BOOK NOW” become a must” should be prominent on your home page but thought should be given to having it on all pages. Clutter free home page Try not to have too much going on your home page – this is your chance to capture the viewers interest and guide them easily to other information they require. Focus should be on the ‘sell messages’ or special features (such as location, views, wifi etc) that make your accommodation the ideal place for them to stay. Visually exciting You can liven up your site through the use of quality photography. We can not stress enough the importance of quality photos. It can literally be the make or break for someone choosing your business/property as their destination. We highly recommend hiring a professional, it may not be as expensive as you think, and worth it. An idea would be to look at hiring a student as they will often do it for free in return keeping the photos for their portfolios. Another fantastic tool to use is google maps on your location page. All pages should be consistent in design, keeping in mind your target audience in terms of colour, font types and sizes, and general layout. Your website should be uncluttered, attractive and easy to read and navigate. If you would like to discuss this further, please don’t hesitate to contact Gordon McGregor on 021 99 88 10 or email [email protected] Halswell Lodge Hotel/Motel WEBSITE ID NUMBER 1006 BUSINESS for sale - wellington unique complex that caters for all They say “Location, location, location” and that is exactly what you get with Halswell. Halswell Lodge is located in the heart of Wellington CBD, only minutes walking distance from the vibrant Courtenay Place, restaurant and bar entertainment, Te Papa museum, Cinemas, theatres and the scenic waterfront. Halswell Lodge is unique in that it offers varied accommodation, from budget Hotel rooms which are single, double or twin rooms with ensuites, to family Motel units with kitchen facilities which are rated 4 star by Qualmark, to the luxury Lodge rooms in the beautifully restored villa. PURCHASE PRICE & FINANCIAL INFORMATION $1,100,000 Yield Approx 24% Business Location, Location, Location PROPERTY FEATURES The owners accommodation is spacious with 3 bedrooms with private outdoor living. This complex enjoys a high occupancy, and with the variable accommodation offered it caters for most accommodation requirements which result in excellent trading figures. gary hutchings Mobile: 64 27 779 9049 Facsimile: 64 9 369 1100 Email: [email protected] www.resortbrokers.co.nz 9 v v v v 6 x Luxury Villa Rooms 12 x Motel Units 18 x Hotel Rooms with en suites Central Wellington Location Brent Hannah Mobile: 64 21 359 678 Facsimile: 64 9 369 1100 Email: [email protected] Magic Reef Bungalows unit title bungalows (subject to an existing ground lease) - rarotonga Your own beachfront bungalow Looking for a solid investment? A true lifestyle investment offering very good returns? An investment that can be enjoyed by your family for generations to come? Resort Brokers are proud to announce the release of 12 beach bungalows at the Magic Reef in Rarotonga. Magic Reef is an extremely well run Resort with high occupancy offering guests a boutique feel in a true tropical destination in absolute comfort. Located on the Western side of Raratonga, in a township called Arorangi, guests enjoy the most spectacular golden sunsets. The Cook Islands are the perfect holiday destination for New Zealanders, located less than a 4 hour flight from Auckland, quicker to reach than some local holiday destinations. Rarotonga is fast becoming a favourite destination, being relatively unspoilt unlike some of its neighbouring islands. The Resort Managers have operated Magic Reef since 2006. They have years of Industry experience, both in the Cook Islands and New Zealand. They have a very hands on approach to Magic Reef, which is run as a successful higher end resort. The Resort includes an inspiring (ship design) inground swimming pool as well as a petanque and BBQ area for all to enjoy. www.resortbrokers.co.nz 10 Magic Reef Bungalows unit title bungalows (subject to an existing ground lease) - rarotonga How your investment works Benefit from the income that your investment will provide or enjoy the freedom of holidaying in your very own bungalow. v v v v You will receive 50% of the room revenue (after minimal room expenses) Revenue direct credited to your nominated account in NZ$ Stay for up to 28 days per year for free (less agreed cleaning expenses) 50% Vendor Finance if required Magic Reef Bungalows enjoys a steady occupancy and solid room rate which means genuine returns are on offer from a property that continues to perform well. Return holiday makers prefer this idyllic resort making Magic Reef Bungalows one of the favoured Island destinations. PURCHASE PRICE & FINANCIAL INFORMATION Priced from NZ$250,000 to NZ$395,000 Garden, Pool or Beachside All Bungalows have a sea view gordon fridge Mobile: 64 221 569 330 Facsimile: 64 9 369 1100 Email: [email protected] www.resortbrokers.co.nz 11 wayne keene Mobile: 64 21 666 991 Facsimile: 64 9 369 1100 Email: [email protected] Okiato Lodge WEBSITE ID NUMBER 957 freehold going concern - bay of islands Lodge or Private Retreat - your choice! property features Okiato Lodge is situated at Okiato near Russell, only a short flight from Auckland or a scenic drive along the Coastal Highway. Okiato is the epitome of tranquility, overlooking Paihia and the black rocks, and looking North towards Waitangi, nestled amongst native fauna with mangroves and a sandy beach on one side, and an estuary on the other. Okiato Lodge consists of 9 guest suites divided between 2 buildings. Each suite is spacious, air conditioned and opens to private verandas. Whilst no dedicated ‘owners accommodation’, you have v v v v v v v the choice of any of the amazing suites to make your own permanent retreat. Okiato Lodge also features an inground swimming pool that overlooks natural bush with sea views. The property aso offeres a Conference facility and has spacious kitchens and private dining. The Lodge could possibly be used as a private care facility. Okiato Lodge has an enviable reputation for its beauty and hospitality. PURCHASE PRICE & FINANCIAL INFORMATION $3,900,000 Freehold Going Concern Vendors will consider trades of Commercial or quality Residential property www.resortbrokers.co.nz 12 Private mooring Conference facilities and Bar Tranquil location Private grounds Swimming pool and spa Gateway to Russell and the Bay of Islands Walking track to Russell Michael osborne Mobile: 64 272 426 881 Facsimile: 64 9 369 1100 Email: [email protected] A Sample Of Our Recent Sales 2012 has started exceptionally well - if you have been thinking of listing your business/property, now is the time, call your broker today! BUSINESS - Taupo MANAGEMENT RIGHTS - Paihia FH GOING CONCERN - Taumarunui BUSINESS - Hamilton BUSINESS - Auckland FH GOING CONCERN - Taupo BUSINESS - Paihia MANAGEMENT RIGHTS - Auckland BUSINESS - Rotorua BUSINESS - Whangarei FH GOING CONCERN - AUCKLAND www.resortbrokers.co.nz 13 BUSINESS - Kerikeri Greytown Motel - Currently under development business - wairarapa Brand New Motel - due for completion August 2012 Located in the heart of Greytown amidst the main streets, cafes and craft shops. This new Motel will provide superb accommodation for the increasing trade visiting charming Greytown with its beautiful tree lined gardens, quaint cafes, antique shops and surrounding vineyards. Greytown has become a destination for many, including capital city dwellers looking for a quiet few days exploring the attractions of the Wairarapa. Situated on SH2, in the centre of the Wairarapa tourist trail and only one hour from Wellington. Early enquiry is recommended for this opportunity to enter the hospitality industry at “ground floor level”. This developer has bult several Motels and has a good reputation for a quality product. This is quite a unique property and one you will be proud to operate. PURCHASE PRICE & FINANCIAL INFORMATION $475,000.00 Business Brand New Motel PROPERTY FEATURES 30 year lease Quality Chattels throughout the Motel Spacious two bedroom owners accommodation - can be three bedroom v All units open out to large feautre wooden decks v v v brent hannah Mobile: 64 21 359 678 Facsimile: 64 9 369 1100 Email: [email protected] www.resortbrokers.co.nz 14 The Aquarius Pacific Hotel Rarotonga buildings and business (subject to an existing ground lease) - rarotonga Oceanfront business? Yes please! IMAGINE owning an oceanfront business in a tropical paradise, a business that offers a wonderful lifestyle and a very good income. STOP imagining because it is all right here, read on! The Aquarius Pacific Hotel has been strategically located only 2 minutes to Rarotonga’s International Airport and is also the closest resort to the CBD. Currently run as a 24/7 operation, the Aquarius has 11 beachfront room coupled with a 24 bed express backpackers which is reputed to be one the best in the southern hemisphere. PURCHASE PRICE & FINANCIAL INFORMATION NZ$2,600,000 Business For Sale Established with further potential WEBSITE ID NUMBER 1013 PROPERTY FEATURES Plans to build an additional 11 rooms will be made available to serious purchasers. The cafe/restaurant is the focal point of this business. Well frequented by travellers, tourists and locals. Diners have the option to eat alfresco beachside, poolside or indoors in the coral restaurant. This is an opporutnity for an operator to take Aqaurius to the next level. An attractive existing bottom line with undoubted potential to grow both the accommodation and food and beverage arms of this business make it an opportunity not to be missed. wayne keene Mobile: 64 21 666 991 Facsimile: 64 9 369 1100 Email: [email protected] www.resortbrokers.co.nz 15 v v v v v v Oceanfront location 2 minutes walk from the International Airport 11 beachfront rooms 24 bed express backpackers Cafe/Restaurant with indoor and outdoor dining Possible Unit Title development gordon fridge Mobile: 64 221 569 330 Facsimile: 64 9 369 1100 Email: [email protected] Taipa Bay Resort WEBSITE ID NUMBER 1010 management rights and real estate for sale - northland Absolute Beachfront Taipa Bay Resort is located in Doubtless Bay, a prime example of the pristine beauty that Northland Beaches are famous for. Taipa Bay Resort has secure beach access with a harbour adjacent and boat launching is available. With 33 rooms in total, guests can choose beachside or parkside views. All rooms come with a fully equipped kitchen. Taipa Bay Resort has two excellent Conference facilities, the larger seating up to 150 people. PROPERTY FEATURES The adjoining Cafe/Restaurant has floor to ceiling windows offering spectacular sea views. A fantastic opportunity to purchase an existing business that has been successfully operated by current owners for 9 years. Taipa Bay is trading profitably with an average surplus of $96,000 per annum over the last 3 years. There is significant real estate included in this sale, namely the carpark, restaurant/bar, office, laundry and two bedroom owner’s home. The Vendor will consider a stage purchase or part thereof, just let us know what you need. v v v v v v v v 33 rooms - all have fully equipped kitchen Onsite carpark for guests Children’s Playground Inground swimming pool and spa Excellent Tennis Court Petanque and Volleyball BBQ Area Weddings and Conferences are regularly catered for michael osborne Mobile: 64 272 426 881 Facsimile: 64 9 369 1100 Email: [email protected] PURCHASE PRICE & FINANCIAL INFORMATION Total Price $1,400,000 Management Rights and Real Estate for Sale Operator receives 70% of gross room revenue www.resortbrokers.co.nz 16 improvement in demand for Tourism industry Listing your property for sale It has been a long time coming but it is worth the wait. We have all endured the last 3 years of uncertainty due to the Global Financial Crisis and are now starting to see some light at the end of the tunnel. Whilst we don’t hold ourselves to be experts in world economics, I believe Resort Brokers are a fair barometer of what is going on at the coal face. Over the last eight to nine months Resort Brokers have experienced a monumental change in activity within our industry. This stems from the initial inquiry right through to settled sales, there is no doubt that there is significant confidence returning to the market which will reflect in future sales. The demand for Motel and Management Rights businesses continues to grow and Resort Brokers results for the first quarter of 2012 show that we have achieved a record number of sales as compared to previous years for the same period. Furthermore, we have had a fantastic start to the new financial year. I can report to you that we have unconditional contracts for April to the value of $7.75 million and a further $2.3 million under contract, subject to due diligence, total deals done so far for the month of April is 11. We don’t often get to blow our own trumpet but I need to give credit to our team of salespeople who have continued to pound the streets and offer you the service to which you are accustomed. We are also thankful of the services of Strata Funding, who have sourced finance for many of our purchasers. Resort Brokers are excited about the new sales cycle we are experiencing and the market ahead of us. Whether you are looking to purchase or sell, please call one of the team and take advantage of the years of knowledge that we have between us. As a follow on from the previous article, I think it is worth passing on an explanation as to how our success has come about. When I quantify those last 11 properties we have sold it is clear to see that it was a real team effort between ourselves and the owners of these businesses. Seven of those sales went according to plan, the others were a lot more difficult. Those seven owners were well organised with the relevant and up to date information that a purchaser and their professional advisors are going to require in order to make a “team effort decision, while the other 4 were between the not. Our experience is that when Vendor and a purchaser comes to Resort ourselves” Brokers, 65% of them want to purchase now and the other 35% are at an early stage. The majority are people who have educated themselves in the market place, all they are focussed on is to narrow down the choices available to them and commit to buying a business. It is important at this stage that we, as your nominated broker, are able to supply quality information to enable the purchaser to make a decision. Within a day or two of listing we will give you an itemised list of exactly what will be required in order to sell your business. We will also critique your accounts and make recommendations to ensure they are being presented correctly for sale purposes. Our worst enemy in any deal is time, excessive delays will frustrate the other party. We must accept that there might always be some extra detail required by a purchaser in a due diligence process, but that’s alright because you are dealing with a live contract. www.resortbrokers.co.nz 17 Time is also spent “It is important that with you to discuss the presentation of the we are able to supply property in general terms, potential purchasers and how best to conduct with quality future inspections. information” It is important to have the property looking sharp and tidy as it does have an impact on your potential buyers thoughts, and ultimately those thoughts may affect value. Selling tourism property and businesses is a specialised industry. We very much take the view that it is a partnership, the team effort between the Vendor and ourselves which will eventually achieve a result. We appreciate the continued support that all of you give to Resort Brokers and we look forward to being of assistance to you in the future. If you would like to discuss any of this further, please don’t hesitate to contact Wayne Keene on 021 666 991 or [email protected] specialists to the industry helping you buy and sell tourism and hospitality properties throughout New Zealand FMG – providing specialist advice for your business FMG is New Zealand’s leading rural insurer with over 100 years of knowledge and experience. We are also this country’s largest remaining mutual insurer; we’re 100% New Zealand owned and proud of it. As a property owner, a key area of cover will be your buildings and chattels. Our Material Damage policy doesn’t just cover these, it also includes cover for: Our roots may be in rural New Zealand but we’re not just for farmers. We’ve made a real commitment to growing our specialist commercial team to provide you with the same high level of service and expertise our farming clients have come to enjoy. . Alternative accommodation for your manager following a loss . Earthquake damage for you swimming pools . Accidental loss of guests’ goods up to $10,000 . Locks and keys if your keys are lost, or stolen FMG has a nationwide team of Commercial Managers. At FMG, our focus is on working with you to understand and manage the risks and challenges facing your business, which is why our managers can provide an on-site assessment to ensure your entire operation, from assets to profits, is adequately protected. If a large loss temporarily closes your doors, it’s important to have financial protection. You can choose cover from a range of options under our Business Interruption policy including gross profits, loss of rent and additional increased costs of working. Cover is also included for up to $10,000 per event each for: . Financial loss as a result of prevention of access to your premises . Financial loss caused by a loss of power, gas, water or sewage disposal . Increased cost of working to resume or maintain business operations Our service doesn’t stop there; we also have a centrally based team of Commercial Consultants, dedicated to looking after you. They’re backed up by our knowledgeable claims team and in-house assessors, so if something does go wrong you can rely on us to get you up and running again as soon as possible. To learn more about how we can work with you ask around about us – or call for some advice on 0800 366 466 What can FMG offer you? When you’re in the business of accommodating people you face a unique set of risks and challenges, so stock standard insurance just won’t cut it. We offer an entire range of products from buildings, to business interruption, to liability. *Please note this is only a summary of our products and services. For full details you should refer to the relevant policy wordings. FMG 0172 www.resortbrokers.co.nz FMG 0172 Perfect Insurer_V2.indd 2 18 7/03/12 9:42 AM specialists to the industry helping you buy and sell tourism and hospitality properties throughout New Zealand The perfect insurer for your property, business, home, car, boat, powertools, motels, bach, caravan, chainsaw, jewellery, clocks, knickknacks, TV, fridge/freezer or life. You probably know us as the leading insurer of New Zealand farmers. But what you may not know, is that we insure a lot more than farms. Ask around about us, or call for some advice on 0800 366 466. That’s what works out here. FMG 0172 www.resortbrokers.co.nz FMG 0172 Perfect Insurer_V2.indd 1 19 7/03/12 9:42 AM specialists to the industry helping you buy and sell tourism and hospitality properties throughout New Zealand morgan interiors • aaa It begins with an idea Our property and commercial teams have specialist expertise in: Interior Design Solutions for Residential & Commercial. •Initial Concepts & Planning • Interior Design & Colour Consultation •Colour Schemes & Specifications • Management rights • Unit (strata) title developments • Motel and hotel leases • Property transactions leasehold and freehold • Business sales and purchases archer Contact: Kevin Martin [email protected] •Budget & Chattel Proposal • Space Planning & Room Layout Telephone: 64 9 379 9077 Fascimile: 64 9 379 9155 DX CP20504 PO Box 114, Auckland www.morgancoakle.co.nz •Furniture Design & Manufacture concepts creating comfortable environments 12th Floor WHK Tower 51 - 53 Shortland Street Auckland New Zealand • Project Management www.resortbrokers.co.nz PO Box 18, Paihia, Bay of Islands 09 4028 173 [email protected] www.morganinteriors.co.nz www.resortbrokers.co.nz 20 specialists to the industry helping you buy and sell tourism and hospitality properties throughout New Zealand If you would like to arrange an appointment with Grant, or if you would like any further information, please call +61 412 289 594, or email [email protected] Your local partner in a global brand archer A great fit for your property Bringing a world of customers to you: - concepts creating comfortable environments Increased consumer awareness New bookings Repeat business Loyal customer network - Industry training programs - Increased purchasing power - On-call expert advice & support More information Grant Batty - T +61 (0) 412 289 594 | E: [email protected] Web: www.BestWestern.com.au | F +61 2 9955 9555 www.resortbrokers.co.nz 21 specialists to the industry Need serious funding advice? Our property and commercial teams have specialist expertise in: Telephone: 64 9 379 9077 Fascimile: 64 9 379 9155 DX CP20504 PO Box 114, Auckland www.morgancoakle.co.nz FREEHOLDS, LEASEHOLDS, GOING CONCERNS, MANAGEMENT RIGHTS, NEW DEVELOPMENTS When it comes to funding tourism related properties and businesses, our expert knowledge and experience in sourcing funding packages will provide you with tangible results. We are committed to providing clients with a superior independent service through a performance based fee structure. Call us today to learn more about the Strata Funding approach. We’ll create the funding solution that really meets your needs. 12th Floor WHK Tower 51 - 53 Shortland Street Auckland New Zealand AUCKLAND 0-9-360 5252 HAMILTON 0-7-834 2030 RB2304 Contact: Kevin Martin [email protected] • Management rights • Unit (strata) title developments • Motel and hotel leases • Property transactions leasehold and freehold • Business sales and purchases ADVERTISING WITH US If you wish to advertise in this section please contact Yvonne O’Neil on 64 9 369 9708 or [email protected] www.stratafunding.co.nz www.resortbrokers.co.nz www.resortbrokers.co.nz 22 specialists to the industry L FOR BOOKINGS CONTACT: Ddi (09) 925 9791 Mob 027 221 5639 [email protected] OR ALwe've got LOC The Sunday Star-Times offers you the opportunity to put your listing in front of readers who are seriously thinking about commercial property investment or lease. Richard Warner Sunday Star-Times L A GIO N E R T I ON A N On a typical weekend 542,000 New Zealanders read the Sunday Star-Times* A helping you buy and sell tourism and hospitality properties throughout New Zealand Yvonne O'Neil Resort Brokers Ddi (09) 369 9708 [email protected] *Source: Nielsen CMI Q2 10 – Q2 11 average issue readership All 15+ www.resortbrokers.co.nz 23 them all covered ® Resort Brokers Limited MREINZ the tourisminformer specialist tourism and hospitality brokers Licensed Under the Real Estate Agents Act 2008 resort brokers SALES TEAM WAYNE KEENE Mobile: 64 21 666 991 Facsimile: 64 9 369 1100 Email: [email protected] Director GORDON MCGREGOR Mobile: 64 21 99 88 10 Facsimile: 64 9 369 1100 Email: [email protected] Director RAY HART Mobile: 64 21 33 54 88 Facsimile: 64 9 369 1100 Email: [email protected] Rotorua/Taupo/Auckland North Shore michael osborne Mobile: 64 272 426 881 Facsimile: 64 9 369 1100 Email: [email protected] Northland/West Auckland LINDSAY SANDES Mobile: 64 21 895 940 Facsimile: 64 9 369 1100 Email: [email protected] National Park/Taranaki/Hamilton/Central & South Auckland BRENT HANNAH Mobile: 64 21 359 678 Facsimile: 64 9 369 1100 Email: [email protected] Hawkes Bay/Manawatu GORDON FRIDGE Mobile: 64 221 569 330 Facsimile: 64 9 369 1100 Email: [email protected] Bay of Plenty/Gisborne KIM JOHNSTONE Mobile: 64 274 962 664 Facsimile: 64 9 369 1100 Email: [email protected] Wanaka/Queenstown/Central Otago office information AUCKLAND OFFICE Tel: 64 9 369 9708 Facsimile: 64 9 369 1100 GARY HUTCHINGS Mobile: 64 27 779 9049 Facsimile: 64 9 369 1100 Email: [email protected] Wellington/Palmerston North ERIC & FREDA BLAKE Mobile: 64 21 702 224 Facsimile: 64 9 369 1100 Email: [email protected] North Shore Auckland Apartments MURRAY STOTT Mobile: 64 21 0231 2796 Facsimile: 64 9 369 1100 Email: [email protected] Entertainment & Media www.resortbrokers.co.nz Physical Address: Level 8, The General Building, 33 Shortland Street, Auckland Postal: PO Box 1191, Auckland YVONNE O’NEIL DDI: 64 9 369 9708 Mob: 64 21 2265 033 Email: [email protected] Disclaimer: We do not accept responsibility for mis-statement or error contained in this brochure. Interested persons should rely on their own enquiry. All prices are plus GST if any unless otherwise stated
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