Assets of Pet Products Retailer
Listing Information
Assets of Pet Products Retailer
Price: $500,000.00
Created: 02/13/2023
Category: Business Property > All Assets or Going Concerns > General Retailers
Sale Date: None Set
Debtor's Attorney
1000 North King Street
Wilmington, DE 19801
302-571-6600
Case Title: Independent Pet Partners Holdings, LLC
Court: Delaware Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of assets of Independent Pet Partners Holdings, LLC which includes inventory at the Stores (as defined herein); the furniture, fixtures, and equipment associated with the Stores; and assumption and assignment of the Leases for the following 24 store locations
- Kriser’s Natural Pet 20th Street, Houston, Texas
- Kriser’s Natural Pet Austin Arboretum, Texas
- Kriser’s Natural Pet Buffalo, Texas
- Kriser’s Natural Pet Champions, Texas
- Kriser’s Natural Pet South Lamar, Texas
- Kriser’s Natural Pet Stone Oak, Texas
- Kriser’s Natural Pet West Gray, Texas
- Kriser’s Natural Pet Woodland Hughes, Texas
- Natural Pawz Bridgeland, Texas
- Natural Pawz Cedar Park, Texas
- Natural Pawz Cypress, Texas
- Natural Pawz Garden Oaks, Texas
- Natural Pawz Kingwood, Texas
- Natural Pawz Montrose, Texas
- Natural Pawz Pinecroft, Texas
- Natural Pawz Riverstone, Texas
- Natural Pawz Springwoods, Texas
- Natural Pawz Steiner Ranch, Texas
- Natural Pawz Sterling Ranch, Texas
- Natural Pawz Sugarland, Texas
- Natural Pawz Tanglewood, Texas
- Natural Pawz Vintage Park, Texas
- Natural Pawz Washington Ave, Houston, Texas
- Natural Pawz West University, Texas
Financial Overview
Additional Details
Purchase Price: The consideration to be paid for the Designated Assets shall be (a) 200% of the cost of the Sellers’ inventory in the Stores as of the closing (which shall be determined by a the inventory reflected in the Seller’s POS system from the time of the count until closing), plus (b) $500,000, plus (c) assumption of all liabilities in connection with the Store Leases; provided any pre-closing liabilities under the Store Leases and costs to cure any prior defaults shall be paid from or reduce the $500,000