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Sports Facility Seeking Loan in Halifax, Canada

Invest in a non-operational Canada-based multi-use sports complex, with full-service restaurant and meeting facilities.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 2 - 5
Legal Entity C Corporation
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Sports Facilities
Locations  Halifax
Local Time 8:27 PM America / Chicago
Listed By Management Member
Status Active
Overall Rating
Seeking Loan
USD 10.2 million for 10.0% annual interest, 15 years (Native Currency: CAD 14,000,000)
Reason: We need this fund to construct buildings to house the multi-ice surface, gymnasium, indoor golf driv... View More
Collateral Available: USD 6 million
Includes physical assets worth USD 6 million
Interested to connect with advisors
Name, Phone, Email
Not disclosed
Business Name
Not disclosed
User Verification
Business Overview
The business is a non-operational sports facility containing multi-ice surface, gymnasium, indoor golf driving range, restaurant, and shops and is located in Halifax, Canada.
The business is partially developed and does not generate any revenue.
The business will cater to 2 of the country's most popular sports hockey and golf. Bringing a social twist to the sports with an informal gathering area makes the already popular sports even more so.
The project's property is accessed at over CAD 8.2 million in its present form. The projected valuation upon completion is over CAD 20 million.
The project is estimated to be completely operational in 12 months after receiving the loan and we will be able to service the loan after a few months of starting the operations.
The company has all the necessary licenses and licenses.
Products & Services Overview
Our services will include:
- Driving range, ice time, and food & beverages make up the primary income sources. Ancillary product lines are offered to round out the offering.
Assets Overview
Tangible asset: 13.5 acres of land with excavation water and sewer ready as well as a pad-ready construction for the ice rink.
The land is worth CAD 8.3 million.
Facilities Overview
Facility will have 2 floors with retail space available to interested parties.
Capitalization Overview
The project is partially developed at this stage. The existing CAD 3.2 million loan needs to be taken over. Ownership is currently a single shareholder.
Recent Activity
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1 Investor contacted this Business this week. Register below to connect now!
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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