Assets of Bar and Restaurant Business
Listing Information
Assets of Bar and Restaurant Business
Including Fixtures, Liquor license and Franchise AgreementPrice: $600,000.00
Created: 03/10/2014
Category: Business Property > All Assets or Going Concerns > Restaurants
Sale Date: None Set
Debtor's Attorney
25 Abe Voorhees Drive
Manasquan, NJ 08736
732-223-8484
Case Title: Bay Three Limited, Inc
Court: New Jersey Bankruptcy Court
Chapter: 11
View Case Docket
Description
The Debtor owns and operates a bar and restaurant business, including the following assets: (a) furniture, fixtures and equipment (“FF&E”); (b) the lease of its business premises commonly referred to as 1356 Fischer Boulevard, Toms River, New Jersey 08753 (“Premises Lease”); (c) a State of New Jersey Class “C” Plenary Retail Consumption Liquor License No. 1507-33-004-004, issued by the Township of Toms River, County of Ocean, New Jersey (“Toms River”), hereinafter referred to as the "License"; (d) a franchise agreement between Seller as franchisee and Boston Pizza Restaurants, L.P. (“Boston’s”) as franchisor, effective May 30, 2008 (the “Franchise Agreement”); (e) a certain sewer easement (“Sewer Easement”); (f) a certain parking easement (“Parking Easement”); and (g) food and beverage inventory (“Inventory”) (the FF&E, the Premises Lease, the License, the Franchise Agreement, the Sewer Easement, the Parking Easement and the Inventory are hereinafter referred to collectively as the “Assets”)
Financial Overview
Additional Details
Debtor has a stalking horse purchaser and is seeking additional offers for a potential auction of the Assets.
A hearing will be held on Debtor's sale motion on 3/17/2014 at 10:00 AM at MBK - Courtroom 8, Trenton. An objection has been filed, and a sale may or may not proceed at said date and time. If interested, contact the Debtor's attorney for more information.