Priced $4,900,000 including Buildings, land and equipment. The company offers banquet hall and convention centre services for customers' social and corporate needs. The company has a very diverse customer base, has the largest facility in its area and is building on its reputation to achieve tremendous growth (30%-40%/year expected). The company has large order backlogs with large deposits for customers booking years in advance.

This is a very well priced business and property with close to 4.5 acres land and 40,000 sf. of property. Millions of dollars have been invested in improvements on the property. Land alone sold close to $500,000/acre in the region. The cost of building a comparable property could be at least twice as much as the asking price. This is an amazing opportunity within the booming banquet hall industry in Ontario.

The seller is reluctantly selling because of exceptional family circumstances

Customers include corporations and government agencies looking to hold seminars, meetings, conventions and other events as well as individuals looking for social functions such as weddings and anniversaries. The company has onsite florists, Disc Jockeys, A/V techs, limousines, food and beverage services as well as office personnel. Price includes Buildings, land and equipment described below:

• 2 Story Banquet and Convention Facility (approx 40,000 sf.).
• Land including adjoining parking lot close to 4.5 acres.
• Equipment including smallwares kitchen equipment, office and banquet hall furnishing.

The company offers a huge potential for expansion (land available to build a hotel to expand company service offerings to accommodations in the same niche location with very little competition). This company is a huge opportunity for expansion for an existing Banquet hall company, a large hotel chain, or an industry experienced individual with adequate financial capacity. Current financing could be assigned to a buyer with adequate credentials and/or financial capabilities.

As the economy recovers, great deals like this will disapear !

This Business is on Hold at this time!