$949,000
Available - For Sale
Listing ID: N13613094
696 Westburne Drive , Vaughan, L4K 4V5, York


Exceptional opportunity to acquire a turn-key banquet hall in a prestigious Vaughan location.Approximately 13,000 sq. ft. with a seating capacity of 375-425 guests in a spacioussingle-hall layout, with potential to be converted into two separate halls for addedflexibility and increased event capacity. Features a grand reception lobby, impressive 20-21ft. ceiling height, and a large fully equipped commercial kitchen with a 14 ft. hood, walk-incooler, and stand-alone freezer. The property is LLBO licensed. Full Bridal suites on thesecond floor, a main office, and an additional manager's office.Located in a plaza with ample on-site parking for guests and staff. Approximate rent is$20,000/month all inclusive, with an additional 5 + 5 year lease option available. A rarechance to take over an established, fully operational banquet business with strong revenuehistory and substantial future bookings already in place. Financial statements available uponrequest for qualified buyers
Price $949,000
Taxes: $0.00
Tax Type: N/A
Assessment Year: 2025
Occupancy: Owner
Address: 696 Westburne Drive , Vaughan, L4K 4V5, York
Postal Code: L4K 4V5
Province/State: York
Directions/Cross Streets: RUTHERFORD RD & WESTBURNE RD
Washroom Type No. of Pieces Level
Washroom Type 1 0
Washroom Type 2 0
Washroom Type 3 0
Washroom Type 4 0
Washroom Type 5 0
Category: Without Property
Use: Banquet Hall
Building Percentage: F
Total Area: 13000.00
Total Area Code:  Square Feet
Office/Appartment Area: 0
Office/Appartment Area Code: %
Office/Appartment Area Code: %
Retail Area Code: %
Financial Statement: T
Chattels: T
Franchise: F
Days Open: O
Hours Open: 11 to 1
Employees #: 8
Seats: 375
Sprinklers: No
Washrooms: 0
Heat Type: Electric Forced Air
Central Air Conditioning: Yes
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Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

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This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
REALTY WEALTH GROUP INC.
Personal Picture
Kambiz Farsian
Sales Representative
Dir:
416-317-4438
Bus:
905-695-7888
Fax:
905-695-0900
 
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At a Glance:
Type: Com - Sale Of Business
Area: York
Municipality: Vaughan
Neighbourhood: Concord
Style:
Lot Size: x 0.00(Feet)
Approximate Age:
Tax: $0
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
Air Conditioning:
Pool:
Locatin Map:
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