Overview
Established in 1989, the company was purchased by its current owners in 2004. The company is a prestigious event planning and hosting venue, offering luxurious events in a setting that is unparalleled in Canada and the Western USA. The venue is certified and licensed for upwards of 275 guests and is regarded as one the most luxurious, premier event arenas in North America.
Services
The company offers a wide range of event planning, and hosting services. Using the most prestigious setting in North America as a venue, the company has hosted: wedding ceremonies and receptions, confidential government meetings, corporate special events, wine tasting and pairing events, to name a few.
In addition to hosting a variety of events, the company offers professional event planning services to make each event an unprecedented success. Recently the company has expanded its event planning services to include events held at other local venues.
The venue features a full state of the art commercial kitchen and up to two executive chefs during events. Five-star cuisine is prepared fresh for every event; clients can choose from existing packages, or work with the chefs/planners to create custom menus. The company has also introduced off-site catering to complement their expanding event planning services.
Location
The venue complements one of the most prestigious five-star hotels in Vancouver. The company’s headquarters is located in the hotel, and the appropriate lease agreements are long term and are among the most envied in the Vancouver area.
Management
This turnkey opportunity is staffed with all the key personnel required for continued success, thus creating a strong opportunity for the prudent investor to operate with only minimal day-to-day involvements.
Assets
he company’s assets are currently appraised at over $6 million and these will constitute the assets included in the sale. In addition, the day-to-day business aspects are offered at no additional cost. Thus, the shrewd investor will enjoy the benefits of rapid capital recapture through the taxation benefits of how the package is, or can, be structured.
