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Wedding / Event Rental Business -vtb Available For Sale

Toronto, Ontario, Canada
Asking Price:
$575,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$275,000 (CAD)
Cash Flow:
Not applicable

DON'T MISS THIS OPPORTUNITY! This business is FREE. Almost 20 years of hard work and acquiring clients and you can purchase this profitable business for less than inventory costs.
Why? We opened another business during covid that is super successful as well..only need 1 of them.

Can be operated with 2 people.

Started 2004 - Wedding and Event Rental business
Restrictions are gone, competition is gone!
.
Many banquet hall accounts - very difficult to acquire.

Lots of inventory to do multiple large events. 20k chair covers, 1000s of linens, over 2k specialty chairs, truck, trailers and more.

Sale includes all inventory & equipment (over 600k), several websites, reservation/rental program, data, client list, supplier list, phone numbers... the whole business.
Lots of opportunity for someone to grow it even larger as inventory limits what we can do now.

Financials available for 2019 ands 2020 ending March31st.
2021 and 2022 are not applicable as there were no sales.
This company was closed due to Covid from March 2019 until March 2022.

Small industry and very profitable. Turnkey operation. Owner willing to stay on for training. Very easy to learn. Employees will stay on.

For more information, Please use the contact form below

Property Information

Real Estate:

Lease

Lease Terms:

Year to year

Leasehold Rent:

$36,000 (CAD) per annum

Location:

Centrally located Weston/Lawrence

Premises Details:

3000 sq ft with commercial laundry installed.

Size in square feet:
3,000

Business Operation

Expansion Potential:

Many banquet halls do not have providers as they have gone out of business over covid. Very few survived.

Reasons for selling:

Opened very successful online auction business during covid and no need to have 2 successful businesses.

Trading hours:

Can be changed to your liking. Right now we are not open to public, but before covid open Monday to Saturday 9-4pm

Employees:
1
Years established:
2004

Other Information

Support & training:

Support and training for new owner.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

We will finance up to $275K @ 7.5%. (Can be interest only)
As it is an inventory sale, we can provide you with the options to purchase through leasing company.
300K would be about 5,500/mth over 5 years. Easily recouped each month. Longer terms may be available.

Furniture / Fixtures value:
$160,000 (CAD) - included in the asking price
Inventory / Stock value:
$425,000 (CAD) - included in the asking price
Website:
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Relocatable:
This business can be relocated.

Contact Seller

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