Price: $5,990,000

Location: Toronto

Province: Ontario

Industry: Events

Listing ID: EBB-1022-2

Description

Since 1991, families and corporations choose this Ballroom to host their functions. This event venue can accommodate a sit down type of event up to 300 people (full capacity of 338 people including Staff), and their  expertise and many years in the business will help you plan on your special day.

Located in the GTA, this is a busy and popular facility. With approximately 7,200 s.f. of space, the facility can accomodate most any kind of wedding, corporate event and social event. The facility can be separated into 2 separate venues.

This business currently supports 100-120 Event per year, on average (except during COVID restrictions)

Fully equipped with available contracted staff, this is a turn key operation ready for the next generation!

Price includes Real Estate, Business, Equipment and Inventory

LISTING DETAILS

FFE: $1

FFE Included: Yes

Inventory: $1

Inventory Included: Yes

Operation

Year Established: 1991

Year of last Acquisition: 2012

Days & Hours of Operation: Dependant on planned events

Location

Real Estate: $1

Real Estate Included: Yes

Summary

Facilities Information:

7,200 s.f. facility, can be split into 2 venues

Reason For Sale:

Retirement/Other Interests

Training & Support:

Seller to provide transitional support and training

Competition:

Declining in the area due to COVID and local development

Potential Growth:

Add more events

LISTING BROKER

Ron Hunter

Ron Hunter
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