The Grand Cathedral Square Limited

By The Grand Cathedral Square Limited

PledgeMe.Investment

Community,



NZ $116,735 pledged


80 people pledged


11 days left


NZ $150,000 minimum target


Min

NZ$150,000

Max

NZ$2,000,000

77 77% Complete

Pledges will only be confirmed if the target is reached by: 06/06/2022 at 12:00 PM (NZST)

Make a Pledge

About

The Grand Cathedral Square Limited


The Grand Cathedral Square

Your Place, Your Space


Housed in the 140-year-old former Chief Post Office in Cathedral Square, The Grand has been part of the very fabric of this city for generations. The building has stood the tests of time, city developments, and earthquakes, and is as impressive today as the day it was built. A Grand old Lady, a part of our fabric and as it has always been Your Place, Your Space.

The Grand will be a leased venue inside the prime location of the old Chief Post Office building, with access to Cathedral Square. We plan to turn The Grand into a world-class destination for our world-class city, complete with an artisan French bakery, people-focused food court experience, visitor information centre, iconic restaurants, and bars and one of New Zealand’s largest outdoor plazas.

Chief Post Office, Christchurch. 1920s. Sydney Charles Smith

Our Vision


Our vision is for The Grand to be a place that Canterbury locals are proud of, and a must-see destination for out-of-town visitors – a place where people can meet, greet, socialise and play. But it will also be capable of adapting to change quickly and easily. That might be offering the latest craze to hit Christchurch – think the Bruffin – or introducing an up-and-coming food experience.

Our vision is when our customers are dining with us for breakfast and lunch, our evening entertainment and events will be advertised and communicated to our customers by means of table talkers and our friendly wait staff. The Council event space is located right next door which we believe may present opportunities to collaborate and further promote The Grand’s dynamic event and entertainment offerings.

Here is your opportunity to be a part of this amazing redevelopment and take ownership of your city’s revitalisation with an investment in The Grand and secure your piece of Christchurch.


Caption: Images are renderings of the proposed 1879 Bar and Artisan Bakery

Home to some of Canterbury's best producers and hospitality: The Grand will aim to become the ultimate destination for locals and visitors.

Our Team


Darin Rainbird. Director

Darin has spent the last 25 years building and developing his own businesses in the Hospitality, Tourism, Marketing and Property Development sectors. He took ownership and managed the successful transition of The Akaroa i-SITE from a substantial (six figure) loss making enterprise into a stand-alone, privately owned, profit making (six figure) enterprise. He demonstrates on a continuing basis the ability to see opportunity and capitalise on it. His unorthodox marketing acumen has seen his businesses flourish and cope with the challenges the world has currently presented. We welcome his insight and involvement in the development of The Grand.

Tony Nguye. Project Manager

Tony started his career as a Junior Quantity Surveyor / Project Manager in 2014. He then went onto study at Ara Polytechnic to gain his qualification in construction management and quatity surveying. Tony specialises in EQC repairs, new builds and internal fit-outs for commercial, industrial and residential properties, for both insurers and private clients. Tony has delivered excellent outcomes for over 100 small to large projects in the last 7 years. He is a strong communciator and works well with contractors, consultants, loss adjusters and suppliers, who have become a great network he can tap into. 

Geoffrey Crabbe. Executive Chef 

Geoff has been involved in numerous hospitality projects, both development and pre-opening stages. Geoff is a results-driven leader with extensive experience from Asia to Australia in leading hospitality operations for high profile resorts for over 22 years. His experience includes Executive Chef at The Chateau Hotel, Amazonita and Anantara Resorts & Spa in Cambodia & Vietnam, to name just a few. Recognised for highly creative, innovative preparation, presentation techniques, and attention to detail. 

Toan Van Vu. Head Chef

Toan has a strong background in Asian and European cuisines spending most of his career based in Dubai and other European countries. Toan is a strong formidable leader with a hands-on approach to the operation, a "we can do anything" attitude, leading from the front. Recognised for his strong leadership abilities in the kitchen, presentation techniques and attention to detail. His previous experience includes Head Chef at The Chateau Hotel, Dubai Gold Club and Westin Dubai Min Seyahi Beach Resort and Marina. 

Bianca Baillie. Business Development Manager

Bianca brings more than 10 years of international experience in the financial advisory and services sector. Her project management skills and ‘let’s get it done’ attitude is exactly what The Grand requires to ensure we move along swiftly, build momentum, achieve the goals we set out, and succeed. Bianca enjoys building relationships and finding the best people to partner with in business, to create long term ventures with.

Hien Bushell. Customer Service Manager

Hien has built her own phenomenally successful customer service companies over the last 11 years and understands the connection with the customer experience. This has resulted in her businesses achieving a repeat customer ratio of 85%, an industry lead. Hien’s knowledge on what makes the customer experience rewarding, memorable and repeat worthy will stand The Grand in exceptionally good stead. Her ability to implement diverse strategies and measurable applications will ensure The Grand customers are served with exceptional service.

Our team from left to right: Bianca Baillie (Business Development Manager), Tony Nguyen (project manager) centre is Darin Rainbird (CEO & Founder) middle top is Toan Van Vu (Head Chef), Geoffrey Crabbe (Executive Chef), and Hien Bushell (Customer Service Manager).


What Have We Achieved Thus Far?

Strengthening and structural works completed 1 February 2022 


So far we have:

- Secured a 25-year lease within the iconic old post office building. 

- Built a strong and experienced team to ensure this project is successful. 

- We have current investors onboard. 

- Held an successful VIP Launch Event.

- Been in several media spaces namely: NZ Herald, Stuff, The Star, More FM, Breeze FM, The AM Show and last but not least, TVNZ1 News.

- The strengthening and external works have been completed. 

- Had our financials reviewed by Nexia New Zealand. 

- Internal fit out works have commenced. 

The Grand Restoration Journey


Inside The Grand restoration.

What's Next For The Grand?


In the first three years, we plan to focus solely on cementing our place within Christchurch’s hospitality sector and growing the core customer base of The Grand. We know from exhaustive examination, based on Darin, the CEO and the Founders 37 years of marketing development and start-up experience combined, that we have the strategies and plans to accomplish this.

From there, we believe The Grand will be in a position to consider other opportunities. Our highly capable and experienced team plans to focus on accelerating our expansion plans by looking for complementary development opportunities that sit within our respective fields of expertise. Initially, we plan for these to be centred on growing our influence and offerings within Christchurch, and later include opportunities to grow sustainably beyond Christchurch and into greater New Zealand.

Once The Grand business model is proven and successful the company's intention is to look at similar projects in other locations.

Use Of Capital


What we will spend the money on If minimum raise goal achieved If maximum raise goal achieved
Purchase of wood fire pizza oven & main ovens for bakery fitout $150,000 $150,000
Purchase of all equipment and fit out for the bakery - Stage 2 - $750,000
Fit out the first floor kitchen & restaurant - Stage 3 - $1,100,000
Total Investment Raised $150,000 $2,000,000

 

Share Allocation Update

There will be an allocation of up to $2,000,000 additional shares which has resulted from an increase in construction costs and projected startup costs. Founder shares held by the CEO and Founder, Darin Rainbird will reduce significatly as contractors, consultants and suppliers are allocated their shares from Darin Rainbird's current allocation. 

Warning Statement

PledgeMe is licensed and regulated by the Financial Markets Authority. This share offer made by The Grand Cathedral Square Limited will only be available for acceptance through the PledgeMe website. Equity crowdfunding is risky. Issuers using this facility include new or rapidly growing ventures. Investment in these types of business is very speculative and carries high risk. You may lose your entire investment and must be in a position to bear this risk without undue hardship. New Zealand law normally requires people who offer financial products to give information to investors before they invest. This requires those offering financial products to disclose information that is important for investors to make an informed decision. The usual rules do not apply to offers by issuers using this facility. As a result, you may not be given all the information usually required. You will also have fewer other legal protections for this investment. Ask questions, read all information given carefully and seek independent financial advice before committing yourself.

A Note from PledgeMe

We have completed Equifax checks on the company, The Grand Cathedral Square Ltd, and their Directors, as well as Google and Insolvency checks. The Director has been noted to have one default on his credit report. There were no other adverse findings.

Updates 7

Announcement: We are in the Metropol magazine

26/05/2022 at 3:38 PM

Hi all,

Hope everyone is having a wonderful Thursday so far!

We are extremely pleased to announce that The Grand is in the latest publication of the Metropol magazine, sharing the news about the exciting redevelopment of the old post office building in Cathedral Square and the launch of our crowdfunding campaign.

Please do head on over to view the article online (on pg 64) or in the print out if delivered to your post box. 

Thank you once again for your support. 

The Grand Team

 

Win with The Grand!

23/05/2022 at 11:54 AM

We have 6 tickets up for grabs for the opening evening where you will get to experience the tasting menu. All investors will be invited to our opening evening which will be a truly grand event with a 1879 theme….
Like, share and comment your name here to enter! Winners will be drawn on Friday, 27 May at 6pm 🎁🎊
Don’t forget to get your investment in at https://pledgeme.co.nz/.../513-the-grand-cathedral-square...
 
The Grand Team

The Grand Tour - Saturday, 28 May @ 11am & 2pm

20/05/2022 at 6:09 PM

The Old Post Office building has been restored and strengthen works have been completed. Now come and have a look inside and see what awaits beautiful Christchurch within The Grand! Come for a tour guided by CEO and Founder, Darin Rainbird as he walks you through all the business units within The Grand and what you can expect once opened in September 2022.

Please RSVP using either of the link's below:

 
 
Alternatively you can send your RSVP to [email protected]
 
Wishing you all a wonderful weekend and please don't forget to share this opportunity with all your friends and family.
 
The Grand Team

A Thank You From The Grand - Your Place, Your Space!

19/05/2022 at 12:21 PM

Good afternoon to all our pledgers,

The team at The Grand would like to say a very big thank you for taking the time to make your pledge. We have managed to raise $94,185 this far, not far from making out minimum goal of $150,000.

Please share the PledgeMe link with all your colleagues, family and friends. We want everyone to be a part of this amazing opportuinity. We are currently planning our opening night as well as the owners only events which you will of course be invited to! 

A reminder of the staged opening approach:

Stage 1 - a visitor information centre, the ‘1879 Bar and Restaurant’, an eatery/deli, The Daily Bloom Florist and The Ice Creamery.

Stage 2 -  the full fit out of the Artisan Bakery.

Stage 3 - first floor business fit out of Stamps Restaurant, a tasting experience, retail, pastry school, private dining and production kitchens.

If anyone has any questions, please send these through to us via the 'Questions' page on the PledgeMe page. 

Chat soon,

The Grand Team

 

The Grand - a Tour of the inside - Today at 12!

11/05/2022 at 9:49 AM

The Old Post Office building has been restored and strengthen works have been completed. Now come and have a look inside and see what awaits beautiful Christchurch within The Grand! Come for a tour guided by CEO and Founder, Darin Rainbird as he walks you through all the business units within The Grand and what you can expect once opened in September 2022.

https://www.facebook.com/events/990701915168101/?acontext=%7B%22event_action_history%22%3A[%7B%22surface%22%3A%22page%22%7D]%7D

 

You need to pledge to see this update.

The Grand Cathedral Square Crowdfunding Campaign - We Are Live!

06/05/2022 at 9:59 AM

Good morning to all our supporters and pledgers,

We have started the redevelopment of the Old Post Office building in the Cathedral Square into a world class destination for Christchurch. We would love to have you join us on this journey and reach our goal in this campaign. 

Stage 1 is funded and will include the visitor information centre, the '1879 Bar and Restaurant', an eatery/deli, The Daily Bloom Florist and The Ice Creamery. Stage 2 includes the full fit out of the Artisan Bakery. Stage 3 is for the first floor business fit out of the Stamps Restraurant, a tasting experience, retail, pastry school, private dining and production kitchens. 

View our Information Memorandum covering our business model, financials and share offering. This document is built to answer almost any question you may have, but if you do have any further questions, please don't hesitate to contact us!

We look forward to sharing this journey with you and having you be a part of the ownership of a corner stone, muklti-facetted business in the heart of the city, with as many people as possible. With Te Pai, Turanga our library and three known new hotel developments adding to the existing businesses, the location is key, Cathedral Square. 

Your Place, Your Space 

Chat soon, 
The Grand Team 
www.thegrand.co.nz

    Details

    Offer Details

    Current Valuation 5,000,000
    Raise Minimum 150,000
    Raise Maximum 2,000,000
    Share Price 1.00
    Minimum Pledge 50.00
    Maximum Shares Offered 2,000,000
    Explanation of valuation:

    When calculating the valuation for The Grand, we have used two methodologies, as advised by independent financial consultants (Perpetual growth method and exit multiple method) and then averaged them to give us the current valuation. Based on our financial forecasts this equates to a $9,375,000 valuation. Given that we are a new start-up business we felt that a more conservative approach was appropriate and as such we are calculating a pre raise valuation of $5,000,000 and a post raise valuation, if fully subscribed of $7,000,000. This represents a $1.00 per share value.
    Using this more conservative approach we believe is a more prudent and fair approach for our new prospective shareholders, considering we are pre-revenue at this time. We believe this presents a big opportunity for prospective investors to become shareholders in The Grand right from the beginning.
    This valuation has been undertaken by The Grand’s financial advisors using methodologies similar to other start-up (restaurant or hospitality) companies, and peer reviewed by an external Chartered Accountancy Firm, Nexia Limited.

    Financial Summary

    Prev Year Current Year Est. FY 2024 Est. FY 2025
    Revenue NZ $ NZ $7,076,708 NZ $14,596,140 NZ $16,561,239
    Operating Expenses NZ $ NZ $760,236 NZ $1,849,532 NZ $2,048,005
    EBITDA NZ $ NZ $843,662 NZ $1,443,324 NZ $2,048,005
    Net Profit NZ $ NZ $ NZ $ NZ $

    Company Details

    Company Name: The Grand Cathedral Square Ltd

    Company Number: 8141282

    Company Documents

    The_Grand_Cathedral_Square_Ltd_-_Constitution.pdf

    (application/pdf, 189 KB, uploaded 11 April 2022)

    CertIncorporation_8141282_12April2022_The_Grand_Cathedral_Square_Limited.pdf

    (application/pdf, 588 KB, uploaded 11 April 2022)

    CoyExtract_8141282_12April2022_The_Grand_Cathedral_Square_Limited_(1).pdf

    (application/pdf, 1.07 MB, uploaded 11 April 2022)

    The_Grand_Information_Memorandum_May_2022.pdf

    (application/pdf, 10.6 MB, uploaded 05 May 2022)

    Director Details

    Name Role Profile URL Invested?
    Darin Rainbird Director https://www.linkedin.com/in/darin-rainbird-680431214/?originalSubdomain=nz

    Questions 1

    Ask a Question (You must login to ask a question)


    Is there any way to rspv for tour for those of us not on Facebook?

    Posted on 20-05-2022 by Graeme Ogier

    Hi Graeme,

    Thank you for your question.

    Yes of course, if you could kindly send me an email via [email protected]

    The Grand Team :)

    Answered on 21-05-2022 by The Grand Cathedral Square Limited

    Pledgers 80

    Siosiana Schaumkel
    2022-05-11 14:44:32 +1200
    Colin Postawa
    2022-05-11 12:30:57 +1200
    Laurel Maberly
    2022-05-11 10:50:26 +1200
    karen breen
    2022-05-11 10:32:44 +1200
    Kevin James Thomas
    2022-05-11 08:32:44 +1200
    Harry Shaw
    2022-05-10 22:46:14 +1200
    Jack McKenzie
    2022-05-10 21:09:15 +1200
    frank newsome
    2022-05-10 19:06:28 +1200

    "Looking forward to this great business idea!"

    Bao Khanh Percy
    2022-05-10 18:56:06 +1200

    "It's going to be great for the city"

    Jenna Mills
    2022-05-10 17:23:08 +1200

    "Best of luck with the venture!"

    WRECKLESS INC LIMITED
    2022-05-10 16:51:00 +1200
    Adam Hodgson
    2022-05-10 08:35:08 +1200
    Maria Quỳnh Luân
    2022-05-09 11:14:50 +1200
    Kathryn Palliser
    2022-05-08 20:55:58 +1200

    "Come on Canterbury let's get behind The Grand"

    Craig Storey
    2022-05-08 19:21:29 +1200

    "I hope everything is successful it will be great for the people of Christchurch ."

    Alastair Rooney
    2022-05-08 13:23:59 +1200
    George Sariak
    2022-05-08 12:56:31 +1200
    Brian Palliser
    2022-05-08 08:11:37 +1200

    "Show as BS & CR Palliser please"

    Barry Pulford
    2022-05-08 01:29:16 +1200

    "This is my second pledge as I really want the fundraising to succeed this time."

    Don Spence
    2022-05-07 20:54:54 +1200

    "Make the Wizard Mayor in Cathedral Square!"

    David Müller-Cajar and Bessy Jennifer Gonnet Cabrera
    2022-05-07 17:51:01 +1200
    Graeme Ogier
    2022-05-07 17:06:28 +1200
    Caroline Etherington
    2022-05-07 13:40:31 +1200

    "Looking forward to seeing this beautiful piece of our history brought back to life"

    David Williams
    2022-05-07 13:20:38 +1200

    "Look forward to coming down to Christchurch to visit when its finished."

    Sue Miller
    2022-05-07 11:58:42 +1200

    "This is an iconic building that deserves to serve Christchurch for another 100+ years with hospitality and public interest events and information! We all need to show a little faith and support those who have the vision! C'mon CHC - get in behind!"

    Tim Richardson
    2022-05-07 09:41:56 +1200
    Helen Newman
    2022-05-07 02:14:04 +1200
    Barry Pulford
    2022-05-06 22:38:01 +1200

    "Good luck with your fundraising!"

    Colleen Stokes
    2022-05-06 21:54:42 +1200
    Ariana Tune
    2022-05-06 18:36:39 +1200

    The Grand Cathedral Square Limited


    The Grand Cathedral Square

    Your Place, Your Space


    Housed in the 140-year-old former Chief Post Office in Cathedral Square, The Grand has been part of the very fabric of this city for generations. The building has stood the tests of time, city developments, and earthquakes, and is as impressive today as the day it was built. A Grand old Lady, a part of our fabric and as it has always been Your Place, Your Space.

    The Grand will be a leased venue inside the prime location of the old Chief Post Office building, with access to Cathedral Square. We plan to turn The Grand into a world-class destination for our world-class city, complete with an artisan French bakery, people-focused food court experience, visitor information centre, iconic restaurants, and bars and one of New Zealand’s largest outdoor plazas.

    Chief Post Office, Christchurch. 1920s. Sydney Charles Smith

    Our Vision


    Our vision is for The Grand to be a place that Canterbury locals are proud of, and a must-see destination for out-of-town visitors – a place where people can meet, greet, socialise and play. But it will also be capable of adapting to change quickly and easily. That might be offering the latest craze to hit Christchurch – think the Bruffin – or introducing an up-and-coming food experience.

    Our vision is when our customers are dining with us for breakfast and lunch, our evening entertainment and events will be advertised and communicated to our customers by means of table talkers and our friendly wait staff. The Council event space is located right next door which we believe may present opportunities to collaborate and further promote The Grand’s dynamic event and entertainment offerings.

    Here is your opportunity to be a part of this amazing redevelopment and take ownership of your city’s revitalisation with an investment in The Grand and secure your piece of Christchurch.


    Caption: Images are renderings of the proposed 1879 Bar and Artisan Bakery

    Home to some of Canterbury's best producers and hospitality: The Grand will aim to become the ultimate destination for locals and visitors.

    Our Team


    Darin Rainbird. Director

    Darin has spent the last 25 years building and developing his own businesses in the Hospitality, Tourism, Marketing and Property Development sectors. He took ownership and managed the successful transition of The Akaroa i-SITE from a substantial (six figure) loss making enterprise into a stand-alone, privately owned, profit making (six figure) enterprise. He demonstrates on a continuing basis the ability to see opportunity and capitalise on it. His unorthodox marketing acumen has seen his businesses flourish and cope with the challenges the world has currently presented. We welcome his insight and involvement in the development of The Grand.

    Tony Nguye. Project Manager

    Tony started his career as a Junior Quantity Surveyor / Project Manager in 2014. He then went onto study at Ara Polytechnic to gain his qualification in construction management and quatity surveying. Tony specialises in EQC repairs, new builds and internal fit-outs for commercial, industrial and residential properties, for both insurers and private clients. Tony has delivered excellent outcomes for over 100 small to large projects in the last 7 years. He is a strong communciator and works well with contractors, consultants, loss adjusters and suppliers, who have become a great network he can tap into. 

    Geoffrey Crabbe. Executive Chef 

    Geoff has been involved in numerous hospitality projects, both development and pre-opening stages. Geoff is a results-driven leader with extensive experience from Asia to Australia in leading hospitality operations for high profile resorts for over 22 years. His experience includes Executive Chef at The Chateau Hotel, Amazonita and Anantara Resorts & Spa in Cambodia & Vietnam, to name just a few. Recognised for highly creative, innovative preparation, presentation techniques, and attention to detail. 

    Toan Van Vu. Head Chef

    Toan has a strong background in Asian and European cuisines spending most of his career based in Dubai and other European countries. Toan is a strong formidable leader with a hands-on approach to the operation, a "we can do anything" attitude, leading from the front. Recognised for his strong leadership abilities in the kitchen, presentation techniques and attention to detail. His previous experience includes Head Chef at The Chateau Hotel, Dubai Gold Club and Westin Dubai Min Seyahi Beach Resort and Marina. 

    Bianca Baillie. Business Development Manager

    Bianca brings more than 10 years of international experience in the financial advisory and services sector. Her project management skills and ‘let’s get it done’ attitude is exactly what The Grand requires to ensure we move along swiftly, build momentum, achieve the goals we set out, and succeed. Bianca enjoys building relationships and finding the best people to partner with in business, to create long term ventures with.

    Hien Bushell. Customer Service Manager

    Hien has built her own phenomenally successful customer service companies over the last 11 years and understands the connection with the customer experience. This has resulted in her businesses achieving a repeat customer ratio of 85%, an industry lead. Hien’s knowledge on what makes the customer experience rewarding, memorable and repeat worthy will stand The Grand in exceptionally good stead. Her ability to implement diverse strategies and measurable applications will ensure The Grand customers are served with exceptional service.

    Our team from left to right: Bianca Baillie (Business Development Manager), Tony Nguyen (project manager) centre is Darin Rainbird (CEO & Founder) middle top is Toan Van Vu (Head Chef), Geoffrey Crabbe (Executive Chef), and Hien Bushell (Customer Service Manager).


    What Have We Achieved Thus Far?

    Strengthening and structural works completed 1 February 2022 


    So far we have:

    - Secured a 25-year lease within the iconic old post office building. 

    - Built a strong and experienced team to ensure this project is successful. 

    - We have current investors onboard. 

    - Held an successful VIP Launch Event.

    - Been in several media spaces namely: NZ Herald, Stuff, The Star, More FM, Breeze FM, The AM Show and last but not least, TVNZ1 News.

    - The strengthening and external works have been completed. 

    - Had our financials reviewed by Nexia New Zealand. 

    - Internal fit out works have commenced. 

    The Grand Restoration Journey


    Inside The Grand restoration.

    What's Next For The Grand?


    In the first three years, we plan to focus solely on cementing our place within Christchurch’s hospitality sector and growing the core customer base of The Grand. We know from exhaustive examination, based on Darin, the CEO and the Founders 37 years of marketing development and start-up experience combined, that we have the strategies and plans to accomplish this.

    From there, we believe The Grand will be in a position to consider other opportunities. Our highly capable and experienced team plans to focus on accelerating our expansion plans by looking for complementary development opportunities that sit within our respective fields of expertise. Initially, we plan for these to be centred on growing our influence and offerings within Christchurch, and later include opportunities to grow sustainably beyond Christchurch and into greater New Zealand.

    Once The Grand business model is proven and successful the company's intention is to look at similar projects in other locations.

    Use Of Capital


    What we will spend the money on If minimum raise goal achieved If maximum raise goal achieved
    Purchase of wood fire pizza oven & main ovens for bakery fitout $150,000 $150,000
    Purchase of all equipment and fit out for the bakery - Stage 2 - $750,000
    Fit out the first floor kitchen & restaurant - Stage 3 - $1,100,000
    Total Investment Raised $150,000 $2,000,000

     

    Share Allocation Update

    There will be an allocation of up to $2,000,000 additional shares which has resulted from an increase in construction costs and projected startup costs. Founder shares held by the CEO and Founder, Darin Rainbird will reduce significatly as contractors, consultants and suppliers are allocated their shares from Darin Rainbird's current allocation. 

    Warning Statement

    PledgeMe is licensed and regulated by the Financial Markets Authority. This share offer made by The Grand Cathedral Square Limited will only be available for acceptance through the PledgeMe website. Equity crowdfunding is risky. Issuers using this facility include new or rapidly growing ventures. Investment in these types of business is very speculative and carries high risk. You may lose your entire investment and must be in a position to bear this risk without undue hardship. New Zealand law normally requires people who offer financial products to give information to investors before they invest. This requires those offering financial products to disclose information that is important for investors to make an informed decision. The usual rules do not apply to offers by issuers using this facility. As a result, you may not be given all the information usually required. You will also have fewer other legal protections for this investment. Ask questions, read all information given carefully and seek independent financial advice before committing yourself.

    A Note from PledgeMe

    We have completed Equifax checks on the company, The Grand Cathedral Square Ltd, and their Directors, as well as Google and Insolvency checks. The Director has been noted to have one default on his credit report. There were no other adverse findings.

    Announcement: We are in the Metropol magazine

    26/05/2022 at 3:38 PM

    Hi all,

    Hope everyone is having a wonderful Thursday so far!

    We are extremely pleased to announce that The Grand is in the latest publication of the Metropol magazine, sharing the news about the exciting redevelopment of the old post office building in Cathedral Square and the launch of our crowdfunding campaign.

    Please do head on over to view the article online (on pg 64) or in the print out if delivered to your post box. 

    Thank you once again for your support. 

    The Grand Team

     

    Win with The Grand!

    23/05/2022 at 11:54 AM

    We have 6 tickets up for grabs for the opening evening where you will get to experience the tasting menu. All investors will be invited to our opening evening which will be a truly grand event with a 1879 theme….
    Like, share and comment your name here to enter! Winners will be drawn on Friday, 27 May at 6pm 🎁🎊
    Don’t forget to get your investment in at https://pledgeme.co.nz/.../513-the-grand-cathedral-square...
     
    The Grand Team

    The Grand Tour - Saturday, 28 May @ 11am & 2pm

    20/05/2022 at 6:09 PM

    The Old Post Office building has been restored and strengthen works have been completed. Now come and have a look inside and see what awaits beautiful Christchurch within The Grand! Come for a tour guided by CEO and Founder, Darin Rainbird as he walks you through all the business units within The Grand and what you can expect once opened in September 2022.

    Please RSVP using either of the link's below:

     
     
    Alternatively you can send your RSVP to [email protected]
     
    Wishing you all a wonderful weekend and please don't forget to share this opportunity with all your friends and family.
     
    The Grand Team

    A Thank You From The Grand - Your Place, Your Space!

    19/05/2022 at 12:21 PM

    Good afternoon to all our pledgers,

    The team at The Grand would like to say a very big thank you for taking the time to make your pledge. We have managed to raise $94,185 this far, not far from making out minimum goal of $150,000.

    Please share the PledgeMe link with all your colleagues, family and friends. We want everyone to be a part of this amazing opportuinity. We are currently planning our opening night as well as the owners only events which you will of course be invited to! 

    A reminder of the staged opening approach:

    Stage 1 - a visitor information centre, the ‘1879 Bar and Restaurant’, an eatery/deli, The Daily Bloom Florist and The Ice Creamery.

    Stage 2 -  the full fit out of the Artisan Bakery.

    Stage 3 - first floor business fit out of Stamps Restaurant, a tasting experience, retail, pastry school, private dining and production kitchens.

    If anyone has any questions, please send these through to us via the 'Questions' page on the PledgeMe page. 

    Chat soon,

    The Grand Team

     

    The Grand - a Tour of the inside - Today at 12!

    11/05/2022 at 9:49 AM

    The Old Post Office building has been restored and strengthen works have been completed. Now come and have a look inside and see what awaits beautiful Christchurch within The Grand! Come for a tour guided by CEO and Founder, Darin Rainbird as he walks you through all the business units within The Grand and what you can expect once opened in September 2022.

    https://www.facebook.com/events/990701915168101/?acontext=%7B%22event_action_history%22%3A[%7B%22surface%22%3A%22page%22%7D]%7D

     

    You need to pledge to see this update.

    The Grand Cathedral Square Crowdfunding Campaign - We Are Live!

    06/05/2022 at 9:59 AM

    Good morning to all our supporters and pledgers,

    We have started the redevelopment of the Old Post Office building in the Cathedral Square into a world class destination for Christchurch. We would love to have you join us on this journey and reach our goal in this campaign. 

    Stage 1 is funded and will include the visitor information centre, the '1879 Bar and Restaurant', an eatery/deli, The Daily Bloom Florist and The Ice Creamery. Stage 2 includes the full fit out of the Artisan Bakery. Stage 3 is for the first floor business fit out of the Stamps Restraurant, a tasting experience, retail, pastry school, private dining and production kitchens. 

    View our Information Memorandum covering our business model, financials and share offering. This document is built to answer almost any question you may have, but if you do have any further questions, please don't hesitate to contact us!

    We look forward to sharing this journey with you and having you be a part of the ownership of a corner stone, muklti-facetted business in the heart of the city, with as many people as possible. With Te Pai, Turanga our library and three known new hotel developments adding to the existing businesses, the location is key, Cathedral Square. 

    Your Place, Your Space 

    Chat soon, 
    The Grand Team 
    www.thegrand.co.nz

      Offer Details

      Current Valuation 5,000,000
      Raise Minimum 150,000
      Raise Maximum 2,000,000
      Share Price 1.00
      Minimum Pledge 50.00
      Maximum Shares Offered 2,000,000
      Explanation of valuation:

      When calculating the valuation for The Grand, we have used two methodologies, as advised by independent financial consultants (Perpetual growth method and exit multiple method) and then averaged them to give us the current valuation. Based on our financial forecasts this equates to a $9,375,000 valuation. Given that we are a new start-up business we felt that a more conservative approach was appropriate and as such we are calculating a pre raise valuation of $5,000,000 and a post raise valuation, if fully subscribed of $7,000,000. This represents a $1.00 per share value.
      Using this more conservative approach we believe is a more prudent and fair approach for our new prospective shareholders, considering we are pre-revenue at this time. We believe this presents a big opportunity for prospective investors to become shareholders in The Grand right from the beginning.
      This valuation has been undertaken by The Grand’s financial advisors using methodologies similar to other start-up (restaurant or hospitality) companies, and peer reviewed by an external Chartered Accountancy Firm, Nexia Limited.

      Financial Summary

      Prev Year Current Year Est. FY 2024 Est. FY 2025
      Revenue NZ $ NZ $7,076,708 NZ $14,596,140 NZ $16,561,239
      Operating Expenses NZ $ NZ $760,236 NZ $1,849,532 NZ $2,048,005
      EBITDA NZ $ NZ $843,662 NZ $1,443,324 NZ $2,048,005
      Net Profit NZ $ NZ $ NZ $ NZ $

      Company Details

      Company Name: The Grand Cathedral Square Ltd

      Company Number: 8141282

      Company Documents

      The_Grand_Cathedral_Square_Ltd_-_Constitution.pdf

      (application/pdf, 189 KB, uploaded 11 April 2022)

      CertIncorporation_8141282_12April2022_The_Grand_Cathedral_Square_Limited.pdf

      (application/pdf, 588 KB, uploaded 11 April 2022)

      CoyExtract_8141282_12April2022_The_Grand_Cathedral_Square_Limited_(1).pdf

      (application/pdf, 1.07 MB, uploaded 11 April 2022)

      The_Grand_Information_Memorandum_May_2022.pdf

      (application/pdf, 10.6 MB, uploaded 05 May 2022)

      Director Details

      Name Role Profile URL Invested?
      Darin Rainbird Director https://www.linkedin.com/in/darin-rainbird-680431214/?originalSubdomain=nz

      Ask a Question (You must login to ask a question)


      Is there any way to rspv for tour for those of us not on Facebook?

      Posted on 20-05-2022 by Graeme Ogier

      Hi Graeme,

      Thank you for your question.

      Yes of course, if you could kindly send me an email via [email protected]

      The Grand Team :)

      Answered on 21-05-2022 by The Grand Cathedral Square Limited

      Siosiana Schaumkel
      2022-05-11 14:44:32 +1200
      Colin Postawa
      2022-05-11 12:30:57 +1200
      Laurel Maberly
      2022-05-11 10:50:26 +1200
      karen breen
      2022-05-11 10:32:44 +1200
      Kevin James Thomas
      2022-05-11 08:32:44 +1200
      Harry Shaw
      2022-05-10 22:46:14 +1200
      Jack McKenzie
      2022-05-10 21:09:15 +1200
      frank newsome
      2022-05-10 19:06:28 +1200

      "Looking forward to this great business idea!"

      Bao Khanh Percy
      2022-05-10 18:56:06 +1200

      "It's going to be great for the city"

      Jenna Mills
      2022-05-10 17:23:08 +1200

      "Best of luck with the venture!"

      WRECKLESS INC LIMITED
      2022-05-10 16:51:00 +1200
      Adam Hodgson
      2022-05-10 08:35:08 +1200
      Maria Quỳnh Luân
      2022-05-09 11:14:50 +1200
      Kathryn Palliser
      2022-05-08 20:55:58 +1200

      "Come on Canterbury let's get behind The Grand"

      Craig Storey
      2022-05-08 19:21:29 +1200

      "I hope everything is successful it will be great for the people of Christchurch ."

      Alastair Rooney
      2022-05-08 13:23:59 +1200
      George Sariak
      2022-05-08 12:56:31 +1200
      Brian Palliser
      2022-05-08 08:11:37 +1200

      "Show as BS & CR Palliser please"

      Barry Pulford
      2022-05-08 01:29:16 +1200

      "This is my second pledge as I really want the fundraising to succeed this time."

      Don Spence
      2022-05-07 20:54:54 +1200

      "Make the Wizard Mayor in Cathedral Square!"

      David Müller-Cajar and Bessy Jennifer Gonnet Cabrera
      2022-05-07 17:51:01 +1200
      Graeme Ogier
      2022-05-07 17:06:28 +1200
      Caroline Etherington
      2022-05-07 13:40:31 +1200

      "Looking forward to seeing this beautiful piece of our history brought back to life"

      David Williams
      2022-05-07 13:20:38 +1200

      "Look forward to coming down to Christchurch to visit when its finished."

      Sue Miller
      2022-05-07 11:58:42 +1200

      "This is an iconic building that deserves to serve Christchurch for another 100+ years with hospitality and public interest events and information! We all need to show a little faith and support those who have the vision! C'mon CHC - get in behind!"

      Tim Richardson
      2022-05-07 09:41:56 +1200
      Helen Newman
      2022-05-07 02:14:04 +1200
      Barry Pulford
      2022-05-06 22:38:01 +1200

      "Good luck with your fundraising!"

      Colleen Stokes
      2022-05-06 21:54:42 +1200
      Ariana Tune
      2022-05-06 18:36:39 +1200
      Equity Offer

      From NZ $150,000 for 2.9%

      Up to NZ $2,000,000 for 28.6%

      Share Offer

      Up to 2,000,000 Shares

      at NZ $1.00 per Share

      Investor Perks

      (Determined by your pledge amount)

      $50-$499 Pledged

      NZ $50.00+

      $50 to $499 pledged. Minimum investment $50 at $1 a share. What an opportunity!

      500 Shares

      NZ $500.00+

      500 shares for $500, and receive a $25 voucher to use at The Grand

      1,000 Shares

      NZ $1,000.00+

      1,000 shares for $1,000 and receive a $70 voucher to use at the 1879 Bar and Restaurant

      2,500 Shares

      NZ $2,500.00+

      2,500 shares for $2,500 and receive a $200 voucher to use at the 1879 Bar and Restaurant

      5,000 Shares

      NZ $5,000.00+

      5,000 shares for $5,000 and receive the "Forever Happy Hour" card, valid 7 days a week, entitling the holder to $2 off all alcoholic beverages, $1 off other beverages, 10% off all food across all outlets, 15% off retail, furniture and art. PLUS, a $100 voucher for 1879 Bar and Restaurant (each multiple of $5,000 receives a separate card).

      10,000 Shares

      NZ $10,000.00+

      10,000 shares for $10,000 and receive the "Forever Happy Hour" card, valid 7 days a week, entitling the holder to $2 off all alcoholic beverages, $1 off other beverages, 10% off all food across all outlets, 15% off retail, furniture and art. PLUS, a $100 voucher for 1879 Bar and Restaurant (each multiple of $5,000 receives a separate card). In addition, receive 2 weeks per year to feature a business at The Grand’s featured owners area. High visibility and foot traffic (each multiple of $10,000 receives another 2 weeks). If you are investing and you do not take up the commercial opportunity, you could nominate a charity of your choice and we will offer that charity the opportunity to host one event for the charity, in one of our spaces within a 12 month period from the date of your investment. i.e. no hosting fees.

      Warning statement about equity crowdfunding

      Equity crowdfunding is risky.

      Issuers using this facility include new or rapidly growing ventures. Investment in these types of business is very speculative and carries high risks.

      You may lose your entire investment, and must be in a position to bear this risk without undue hardship.

      New Zealand law normally requires people who offer financial products to give information to investors before they invest. This requires those offering financial products to have disclosed information that is important for investors to make an informed decision.

      The usual rules do not apply to offers by issuers using this facility. As a result, you may not be given all the information usually required. You will also have fewer other legal protections for this investment.

      Ask questions, read all information given carefully, and seek independent financial advice before committing yourself.