Coles Due Diligence Criteria - WILLIAMSTOWN

Please ensure this report is submitted with photos of the site. Site Selection & Leasing Process:

STEP ONE: Centre/Location information (DESKTOP REVIEW)
- Site details on the shopping centre or strip
- ABS Demographics Region Summary
- Coles numbers from Support Office when provided

STEP TWO: Centre & Site Assessment (ONSITE ASSESSMENT)
- Site Specifics e.g. measurements
- Store fit out details
- Traffic Numbers etc

STEP THREE: Coles Manager Interview & Storage Assessment (ONSITE ASSESSMENT)
- Interview
- Back of House Review

STEP FOUR: Lease details & financials (DESKTOP REVIEW)
- Lease Eagle Details
- Financial Review

STEP FIVE: Final Recommendation & Attachments (DESKTOP REVIEW)
- Attachments

STEP ONE: CENTRE/ LOCATION INFORMATION (DESKTOP REVIEW)

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* 1. Site details

Site name

Site address including the following:
-Shopping centre/ site name

Number (Shop/ kiosk number)

Street

Suburb

State

Postcode

Scheduled opening date

Store ownership (Company/ Franchise)

Moving of annual turnover (MAT) of centre

Assessment completed by

Date

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* 2. ABS Demographics Region Summary

Population

Working Age (%)

Australian citizen %

Persons born overseas

Median total income

Number of businesses

Number of jobs

Population & people
Resident population

Estimated population density
M -

F -

Median Age
M -

F -

Top 3 overseas born population
1

2 -

3 -

Top 3 religious affiliation (%)
1 -

2 -

3 -

Speaks language other than english (%)

Economy & Industry
Houses med sale price

Attached dwelling median sale price

Income
Median employee income ($)

Mean employee income ($)

Mean household net worth

Top 3 Occupation (%)

Family & Community
Lone person

Group

Family

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* 3. Demographics – core profile (Rank 1-5, 1=least & 5=most prominent)

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* 4. Coles numbers from Support Office when provided

Coles Weekly Store sales

Sales density (Size of store / weekly sales)

Average Basket Size

Sales data: % of GNG

Sales data: BBQ chicken sales

Sales data: Sandwich sales

Sales data: Coffee sales

Sales data: Fresh OJ sales

STEP TWO: COLES SITE INFORMATION (ONSITE CENTRE & COLES SITE ASSESSMENT)

Question Title

* 5. Location

Shopping Centre

Strip site - CBD

Strip site - Suburban

Entertainment Precinct

Airport

Other (please specify)

COLES CENTRE TYPE DESCRIPTIONS (FOR QUESTION 6)

Super Regional Centre

•Largest shopping centre type typically incorporating two full line department stores, one or more full line discount department stores, two supermarkets and around 250 specialty shops and a number of entertainment and leisure attractions (>85,000sqm).

Major Regional Centre

•Large shopping centre typically incorporating at least one full line department store, one or more full line discount department stores, one or more supermarkets and around 150 specialty shops and a number of entertainment and leisure attractions (50,000-85,000sqm).

Regional Centre

•A shopping centre typically incorporates one full line department store, a full line discount department store, one or more supermarkets and around 100 or more specialty shops (30,000-50,000sqm).

•In some instances, all other characteristics being equal, a centre with two full line discount department stores, without a department store, serves as a regional centre.

Sub Regional Centre

•A medium sized shopping centre typically incorporating at least one full line discount department store, a major supermarket and around 40 or more specialty shops (10,000-30,000sqm).

Neighbourhood Centre

•A local shopping centre comprising a supermarket and up to around 35 specialty shops (<10,000sqm).

Freestanding

•An independent entity not attached to or supported by another structure.

City Centre

•Retail premises within an arcade or mall development owned by one company, firm or person and promoted as an entity within a major Central Business District (>1,000sqm).

Bulky Goods

•A medium to large sized shopping centre dominated by bulky goods retailers (furniture, white goods and other homewares), occupying large areas to display merchandise. Typically contains a small number of specialty shops (>5,000sqm).

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* 6. Coles Centre type

Super Regional

Major Regional

Regional

Sub- Regional

Neighbourhood

Freestanding

City

Bulky Goods

Other (please specify)

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* 7. Weather affected

Not at all

A little

A lot

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* 8. Annual number of visitors to the centre/ destination

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* 9. Distance customers will likely travel to reach

0km-2.5km

2.6km-5km

5.1km-10km

10km-30km

30km +

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* 10. Trading days per week

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* 11. On location Demographics – core age range

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* 12. Demographics – income

High

High-Middle

Middle

Middle-Low

Low

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* 13. To what degree is car parking available? Please provide details

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* 14. Is there any nearby public transport access? Please provide details

Bus

Train

Taxi/ Uber rank

Tram

Other

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* 15. Location visibility from Coles entrance

Yes

Some

List occupancy of surrounding office buildings etc.

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* 16. Major anchors

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* 17. Mini majors

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* 18. Entertainment Facility/ Dining Precinct

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* 19. Surrounding retailers to Coles

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* 20. Competitors in the area

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* 21. Competitor details

Closest sushi operator

Distance from our store (metres)

Estimated turnover

Independent or established retailer

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* 22. Surrounding services

Office towers

Schools

Hotels

Gyms

Medical Centres

Supermarkets

Public transport

Other (please specify)

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* 23. Site details

Site size (sqm)

Traffic count at Coles entrance (date)

Traffic count at Coles entrance if completed on a 2nd visit (date)

How long did your traffic count take

Day of the week visit

Time of the day visit

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* 24. Site type

Yatai - no production

Yatai - with production

Store

Kiosk

Other (please specify)

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* 25. Location within Coles

Entrance

Fresh food

Deli area

Other (please specify)

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* 26. Centre ranking

Not recommended centre

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* 27. Site location ranking

Not recommended location

STEP THREE: COLES ANALYSIS (ONSITE COLES MANAGER INTERVIEW & STORAGE ASSESSMENT)

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* 28. Coles Manager Interview

Managers Name

How long have they been working for Coles

How long have they been working in this location

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* 29. Coles supermarket grade

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* 30. Opinion of Coles Sushi Sushi location grade

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* 31. Site line & visibility to location from entrance

0 (Poor)

5 (Excellent)

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* 32. Are there any other concession retailers surrounding potential SS Store?

Yes

If yes, list stores

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* 33. Coles delivery window (e.g. 11pm-6am)

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* 34. What is the impact of school holidays

0 (Poor)

5 (Excellent)

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* 35. What is the impact of public holidays

0 (Poor)

5 (Excellent)

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* 36. Please rank the days busiest to slowest

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* 37. Please rank the day part sales highest to lowest Monday to Friday

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* 38. Please rank the day part sales highest to lowest Saturday to Sunday

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* 39. Coles analysis to be completed based on the Manager interview

Coles Weekly Store sales

Size of Coles store m2

Click & Collect option (Y/N)

Sales density (Size of store / weekly sales)

Average Basket Size

Suggested location of Sushi Sushi store inside Coles.
How many metres from the front door is our suggested location

What do they think of our suggested location

Is this location on the Heat Map as a high traffic area (Y/N)

What are the Top 5 areas on your Coles store Heat Map
1 -

2 -

3 -

4 -

5 -

Manager provided Heat Map (Y/N)

Manager to recommend 2 alternative location suggestions
1 -

2 -

Male/ Female ratio

Socioeconomic demographic (high, medium, low)

Do they think sushi will sell and why?

Understand need for religious & dietary considerations such as halal, kosher, vegan etc

Their opinion on surrounding retail insights

Any interesting facts/ tips they think we should be aware of

Sales data: % of GNG

Sales data: BBQ chicken sales

Sales data: Sandwich sales

Sales data: Coffee sales

Sales data: Fresh OJ sales

What are their top 3 marketing tips for this location
1 -

2 -

3 -

Do they recommend pre-opening marketing

Do you think Sushi Sushi should open a store in this Coles?

Storage Facilities

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* 40. Are there storage facilities

Yes - onsite

Yes - BOH

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* 41. Is the storeroom completely enclosed

Yes

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* 42. Local Health requirements for store room been met

Yes

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* 43. Further storage details

Storage size (sqm)

Do we require more storage space

Electrical requirements

Plumbing requirements

Drainage requirements

Other

STEP FOUR: LEASE DETAILS & FINANCIALS (DESKTOP REVIEW)

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* 44. Key dates

Fit out commencement

Estimated handover date

Estimated open date

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* 45. Lease Eagle (if applicable)

Gross lettable area (m2)

Gross lettable retail area (m2)

MAT per m2

Estimated customer traffic (per annum)

Estimated customer traffic (per week)

Estimated customer average spend ($)

Major tenants (#)

Number of specialty retailers

Number of food court seats

Number of food court outlets

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* 46. Actual estimated turnover

Hit rate (%)

Estimated average spend ($)

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* 47. Actual estimated turnover

Based on above sales projection and considering other relevant factors e.g. seasonality, closest store turnover, what is estimated turnover

Total rent N/A (Concession 17%). Viable (Y/N)

STEP FIVE: FINAL DETAILS (DESKTOP REVIEW)

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* 48. How do you rate the Store Managers enthusiasm, interest, helpfulness?

0 (Poor)

5 (Excellent)

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* 49. Would you be confident to open a store in this location

Yes

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* 50. Would you be confident to open a store in this location in Coles

Yes

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* 51. Would you open your own store in this Centre/ Coles

Yes