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Assets of Bar and Restaurant Business

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Listing Information

Attachments

Assets of Bar and Restaurant Business

Including Fixtures, Liquor license and Franchise Agreement

Price: $600,000.00


Other Item Info
Item #: njbke_846374
Created: 03/10/2014
Category: Business Property > All Assets or Going Concerns > Restaurants
Sale Date: None Set
Seller Info
Timothy P. Neumann
Debtor's Attorney
25 Abe Voorhees Drive
Manasquan, NJ 08736
732-223-8484
Bankruptcy Info
Case #: 3:12-bk-15866
Case Title: Bay Three Limited, Inc
Court: New Jersey Bankruptcy Court
Chapter: 11
View Case Docket

See More Documents

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”)


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.


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