Action Indoor Sports Eastern Shore is a unique business in the Tasmanian landscape as it holds the following advantages to any potential owner: • • • • • • • It is the only synthetic surface multisport venue in Southern Tasmania offering the combination of social sports of Indoor Cricket, Indoor Netball and Indoor Soccer This exclusivity is not under threat due to the high capital cost for any other potential competitor to enter the market. It boasts a large database of existing and previous customers that can be utilised to generate new teams for future competitions. The active and fun natures of its business offering ensures ongoing repeat customers and excellent “word of mouth” to new customers. The diversity of sports and activities offered and the varying age of the potential customers (generally 8 – 45 years of age) sees the business draw from a large portion of the population. The Action Indoor Sports brand comes as a “turn key” operation with all necessary Staff Training documents, Rulebooks, promotional flyers, TV Adverts, Radio Adverts and global website with an online presence for team entries. The facility at Eastern Shore is outfitted with the latest technology and business software systems comprising: • Datascore LCD Scoreboards offering game stat printouts and on court animations. www.datascore.com.au • Sportskeep Competition Software to control fixturing and team communication to ensure high court occupancy. www.sportskeepglobal.com • Sportskeep Player Login for touch screen game day registration and customer communication. • SportskeepGlobal for internet based Ladder, Fixture and Results. • Sports Radar technology This document and its information are covered under the Confidentiality Agreement signed by each party. • The “Action Indoor Sports” brand is owned worldwide by Clubtek International as part of its staple of products in the Sportainment Leisure company. • For an overview please visit www.sportainmentleisure.com • The brand and logo are used in Australia, New Zealand and Japan with moves underway for its introduction into the Singapore and China market. • The right to use the Action Indoor Sports logo and brand name in Tasmania is held exclusively by Yellowball Investments Pty Ltd. Yellowball Investments Pty Ltd is owned by Brett Clark. Brett Clark is also a Director and shareholder in Clubtek International and assists in the overseas development of the brand. • Brett Clark, via Yellowball Investments Pty Ltd, is the majority shareholder in Action Indoor Sports Eastern Shore (Netsports Entertainment Pty Ltd) and also owns the Action Indoor Sports facility in Tullamarine as well as being the Managing Director of the Action Indoor Sports Head Office in Victoria. • The new owners of the Eastern Shore site will be assigned exclusive rights to use the Action Indoor Sports logo and brand by way of a Licence Agreement between Yellowball Investments Pty Ltd and the new entity. • The new owner is under no obligation to continue to use the Action brand but our experience is that a key factor in the success of the business at Eastern Shore is the access and profile of a global brand and the ability to utilize group marketing materials, group buying power, shared innovation and the experience of long serving operators within the Action Indoor Sports group. This document and its information are covered under the Confidentiality Agreement signed by each party. • The property is situated in an easy to get to location with excellent parking and adjoins a Fernwood Female Fitness Centre which complements the Indoor Sports nature of the facility. • The current lease is being revised to provide a six(6) year tenancy ending 30th April 2018 and a four(4) year option to 30th April 2022. • As a part of this new lease the owners have committed to provide capital upgrades to the toilet, kitchen and tiled areas. • The facility consists of three(3) multipurpose netted courts which are in excellent condition • The property has a sought after and difficult to obtain On Premise Liquor Licence which will be transferred to the new owners. In short, the new owners will not be required to invest in any facility upgrades and/or high level maintenance for many years to come with all assets being in excellent condition. This document and its information are covered under the Confidentiality Agreement signed by each party. • The Eastern Shore facility has a current and past player’s database of over 11,000 members. • Team numbers for each sport are seasonal with the facility having over 200 teams in each season. The current season proportion for each sports are: • Indoor Cricket - 66 Teams • Indoor Netball – 72 Teams • Indoor Soccer – 70 Teams • The weekly sports and activities are structured as follows: • Monday Nights • Tuesday Nights • Wednesday Nights • Thursday Night • Friday Nights • Sundays Nights • – – – – – – Indoor Cricket Indoor Netball Mixed Indoor Cricket Indoor Netball Ladies Indoor Soccer & Indoor Cricket Indoor Soccer The facility is currently CLOSED all day Saturday and prior to 3pm on Sundays. This document and its information are covered under the Confidentiality Agreement signed by each party. • The business has a high and constant cash flow. (The business currently banks with the ANZ and we would be happy to provide evidence of a strong banking history). • All services are paid for on the night which ensures nil debtors or accounts receivable. • The only invoiced goods are School Bookings during the day. • Following is an adjusted EBITDA for the following: • • • • • financial year ending June 2009 financial year ending June 2010 financial year ending June 2012 Current 1st quarter 1st July – 30th Sept 2012 Projected year ending June 2013 • Removed expenses include extraordinary Directors and Head Office expenditure. • We are happy to substantiate figures with tax returns and BAS Statements as part of the due diligence process. This document and its information are covered under the Confidentiality Agreement signed by each party. This document and its information are covered under the Confidentiality Agreement signed by each party. This document and its information are covered under the Confidentiality Agreement signed by each party. This document and its information are covered under the Confidentiality Agreement signed by each party. • Brett Clark as a representative of Action Indoor Sports and as a majority shareholder in Netsports Entertainment Pty Ltd trading as Action Indoor Sports Eastern Shore will be spending a week in Hobart and arranging on-site meetings and information sessions with all parties who have registered an expression of interest. • Interstate and overseas parties will need to co-ordinate travel arrangements to coincide with these information sessions. • Any party who wishes to place a formal offer after these on site meetings will be required to pay a deposit and parties will go through a “due diligence” with their respective legal representation. • For queries Brett Clark is available via the following: Email : [email protected] Mobile : +61 (0)412 122 370 This document and its information are covered under the Confidentiality Agreement signed by each party.