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Adventure Travel Business including its Retail Operations
Listing Information
Attachments
Adventure Travel Business including its Retail Operations
Price: $635,000.00
Other Item Info
Item #: txnbke_444925
Created: 02/08/2017
Category: Business Property > All Assets or Going Concerns > Travel & Leisure
Sale Location: Fort Worth, Texas
Sale Date: Sun. Feb 19, 2017
Created: 02/08/2017
Category: Business Property > All Assets or Going Concerns > Travel & Leisure
Sale Location: Fort Worth, Texas
Sale Date: Sun. Feb 19, 2017
Seller Info
Michael McConnell
Debtor's Attorney
201 Main Street, Suite 2500
Fort Worth, Texas 76102
817/332-2500
Debtor's Attorney
201 Main Street, Suite 2500
Fort Worth, Texas 76102
817/332-2500
Bankruptcy Info
Case #: 4:16-bk-44337
Case Title: Jo-Jo Holdings, Inc. and Backwoods Adventures, Inc.
Court: Texas Northern Bankruptcy Court
Chapter: 11
View Case Docket
Case Title: Jo-Jo Holdings, Inc. and Backwoods Adventures, Inc.
Court: Texas Northern Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of substantially all assets of Backwoods Retail, Inc., Backwoods Adventures, LLC and related entities that own associated assets related to the operation knows as "Backwoods" and the adventure travel business Backwoods Adventures, LLC. The Assets would include all assets associated, or used in connection with, the Business, including, but not limited to: furniture, fixtures, equipment, products, technology, inventory, and inventory credits related to the Business, as well as the Business customer lists, trade name, trademarks, domain names, rights in and to the Leases (defined below), and all other intellectual property related thereto.
- The Fort Worth store - lease held by Lore FWT Foch Street, L.P.;
- The Omaha store - lease held by Noodle AV3, LLC;
- The Oklahoma City store - lease held by brady Ali Properties, LLC;
- The Tulsa store - lease held by Farm Properties, LLC;
- The Wichita Stote - lease held by BF Wichita, LLC;
Financial Overview
Income and Expenses ($)
months
Revenue/Gross Income:
Total Expenses:
Cash Flow:
Asset and Liability Summary ($)
Receivables:
Inventory:
FF&E:
Real Estate:
Total Assets:
Liabilities to assume:
Additional Details
- Sale Hearing held on February 21, 2017
- Bid amount: $710,000.00
- Bid Deposit: 10% of the Purchase Price
- Bids in increment of $10,000.00
- Bid Deadline: February 16, 2017 @ 12:00 noon