Assets of Organic Essential Oils-Based Business
Listing Information
Assets of Organic Essential Oils-Based Business
Price: $250,000.00
Created: 02/24/2024
Category: Business Property > All Assets or Going Concerns > Leisure Goods
Sale Location: Los Angeles, California
Sale Date: Thu. Mar 14, 2024
Trustee's Attorney
550 South Hope Street Suite 1765
Los Angeles, CA 90071
213-335-7737
Case Title: Beacon Organics, LLC
Court: California Central Bankruptcy Court
Chapter: 7
View Case Docket
Description
Sale of assets of Beacon Organics, LLC (“Beacon”), Greenerways LLC fka Greener Days, LLC (“Greenerways”) and Choice Essential Oils, LLC (“Choice”) (each a “Seller” and, collectively, “Sellers”).
The assets of the estates to be sold include, inter alia, certain (1) claims against USM, expounded upon below, (2) Greenerways’ intellectual property and rights under license and distribution agreements in connection with its contract manufacturing services and Greenerways brand consumer goods, (3) claims, if any, of the Choice and Greenerways Estates against Jayme Neiburg, Jimmy Bella, Sharon Neiburg, and the officers, the directors, the managers, and/or the members of Greenerways that have not been otherwise released by the Trustee or the Choice Estate under the Aion Compromise; (4) 50% of the accounts receivables, if any; and (5) finished goods, raw materials, and equipment owned by the Estates (collectively, “Hard Assets”) that are stored in the Buyer’s warehouse located at 12460 Riverside Drive, Eastvale, California 91752 (the “USM Warehouse”).
Financial Overview
Additional Details
- Sale Hearing in "Courtroom 1375" @ 2:30 p.m.
- Bid Amount: $282,500.00
- Bid Increment: $10,000.00
- Bid Deposit: $50,000.00
- Bid Deadline: March 11, 2024
- Last date to respond: 14 days prior to the sale hearing