Multiline Utilities Company for Sale in Christchurch, New Zealand

Christchurch based independent type 1 electricity retailer plans to sell the business.

Established 1-5 year(s)
Employees 2 - 5
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 630 thousand
Run Rate Sales USD 1 million
EBITDA Margin Nil
Industries Multiline Utilities
Locations  Christchurch
Local Time 10:48 AM Pacific / Auckland
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 2.1 million (Native Currency: NZD 3,000,000)
Reason: Some directors and shareholders have other business interests that they would like to focus on.
Includes physical assets worth USD 7 thousand
Interested to connect with advisors
Name, Phone, Email
Not disclosed
Business Name
Not disclosed
User Verification
Documents
Business Overview

- New Zealand based business that purchases electricity and sells it to customers.

- We purchase from the NZX and directly off generators with CFDs and sell it to residential and business customers.

- Developed a unique model within the New Zealand market to completely open up this market.

- 44% consumption growth in the past month.

- 70% market coverage in New Zealand within 2.5 years.

- Have 400 clients. 67% residential clients and 33% commercial. On a consumption level, it’s 65% business and 35% residential.

- Secured lead sponsorship of Christchurch City Council's largest event this year and next year.

- Secured lead sponsorship of the world's first EV Rally car through Hayden Paddon.

- We set-up the business and got to market within 6 months, typically it takes 18-24 months.

- Currently at the break-even stage, as we are still a start-up business.

- Physical assets include furniture and computers.

Products & Services Overview

- We purchase electricity from the NZX and directly off generators with CFDs and sell it to residential and business customers.

- Type 1 and type 2 retailer setup with back end functions.

Facilities Overview

Have an office space on the 1st level of a building in Christchurch. Lease expires in 3 months and it can be renewed.

Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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