Profitable Boutique Banquet Hall

ASKING PRICE:
$32,900,000

LISTING DETAILS:

LISTING ID: 3198

TYPE OF SALE: Asset

MLS CODE: Exclusive

INDUSTRY: Advertising / Media / Events

REASON FOR SALE:

TRAINING & SUPPORT:

DESCRIPTION:

Profitable turnkey opportunity to be part of a very lucrative industry and own a modern and high volume banquet hall • Conveniently located in the heart of GTA • Minutes off of major highways • Stellar and steady profits • Featured on international TV shows • Approximately 6,120 square foot banquet hall includes office and boasts two (2) modern boutique-inspired halls with an option to make into one (1) large hall • Generous seating capacity for 200 • Great condition with over 250K spent on renovations • Highly-skilled and reliable staff in place • Amazing 4-star reviews and word-of-mouth referrals • Fully-equipped with industrial kitchen • All equipment in working condition • Appealing menu offering ranging from Italian to South Asian • LLBO certified • Great location with a great lease in place • Very lucrative and growing industry not to pass • Amazing growth potential at hand •Great ROI (Over 33%). Listing ID: 3198

COMPANY INFORMATION:

SQUARE FOOTAGE: 6,000 sq ft

MONTHLY RENT: $9,000 pm (incl TMI) + HST

FINANCIAL INFORMATION:

GROSS REVENUE: $40,000,000

SDE: $10,000,000

FINANCING/TERMS: Financing Can Be Arranged For The Right Candidate

EBITDA: N/A

FOR MORE INFORMATION ON THIS LISTING, PLEASE COMPLETE OUR NON-DISCLOSURE AGREEMENT

DISCLAIMER:

The information in this listing has been provided by the business seller. Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.

SOLD

CONTACT US ABOUT THIS LISTING11

CALL US:

+1 (416) 333-7999

TEXT US:

(647) 558-2180

EMAIL US:

info@aldrin.ca