Business For Sale · Specialty

994 WESTPORT CRESCENT, Mississauga (Northeast)

994 WESTPORT CRESCENT, Mississauga (Northeast), ON L5T1G1

$549,999 total

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Asset Class

Specialty

Size

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Building class

A

Zoning

US — Urban Services

$ / SF

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Occupancy

90%

About this property

Sale of business only. *STUNNING HIGH-END MULTIMEDIA EVENT CENTER & HALL- TURNKEY OPPORTUNITY*Exceptional opportunity to acquire an elegant, professionally equipped multimedia & event center accommodating approximately *150-180 in-person guests, with capabilities to connect **hundreds of additional virtual attendees*.Designed for weddings, corporate events, media productions, private parties and special celebrations, this sophisticated venue combines stylish décor with a versatile, modern event setup.*Features include:* Large built-in screens for presentations, videos and personalized event displays.* Complete professional sound and music system.* Professional event lighting, disco lighting and adjustable multi color ambient lighting.* Optical zoom cameras for event coverage, recording and virtual participation.* Multimedia capabilities for hybrid events connecting in-person and remote guests.* Elegant interiors and a fully turnkey setup. An excellent opportunity for an event planner, or entrepreneur seeking a professionally equipped banquet hall with potential for Weddings, social, corporate and multimedia bookings.*Approximate rent: $10,000/month. (id:66811)

Financial sandbox

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Estimate
Purchase price$550K
Down payment30% · $165K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$32K

Annual cash flow

$2K

Cash-on-cash

1.19%

DSCR

1.06

Going-in cap

5.90%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

130,130

Households

47,635

Median income

$124,500

Median age

37.3

Daytime population

167,933

5-yr growth

3.7%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 994 WESTPORT CRESCENT, Mississauga (Northeast).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.