This is a public record generated listing.
Assets of Steel Structural Manufacturers Business
Listing Information
Attachments
Assets of Steel Structural Manufacturers Business
Price: $1,500,000.00
Other Item Info
Item #: mowbke_336492
Created: 05/08/2017
Category: Business Property > All Assets or Going Concerns > General Industrials
Sale Location: Kansas City, Missouri
Sale Date: Fri. May 26, 2017
Created: 05/08/2017
Category: Business Property > All Assets or Going Concerns > General Industrials
Sale Location: Kansas City, Missouri
Sale Date: Fri. May 26, 2017
Seller Info
Victor F. Weber
Debtor's Attorney
1044 Main St., Ste. 400
Kansas City, MO 64111
816-221-8855
Debtor's Attorney
1044 Main St., Ste. 400
Kansas City, MO 64111
816-221-8855
Bankruptcy Info
Case #: 2:17-bk-20454
Case Title: 8760 Service Group, LLC
Court: Missouri Western Bankruptcy Court
Chapter: 11
View Case Docket
Case Title: 8760 Service Group, LLC
Court: Missouri Western Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of Assets of 8760 Service Group, LLC, described as below:
- Machinery, equipment, inventory and supplies;
- All customer, supplier and other business records and intangible items, including good will and growing concern value;
- All contracts, leases, licenses and other agreements;
- Real Estate (fabrication facility and vacant land) owned by Pelham Property, LLC; and
- The name “8760 Service Group, LLC” and ancillary intellectual property.
Financial Overview
Income and Expenses ($)
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
Auction Time: 9:30 a.m
Sale Hearing Held on May 31 at 9:30 a.m
The aggregate amount of the Purchase Price (less Sellers' pro rata unpaid share, or plus the excess paid by Sellers over Sellers' pro rata share, of taxes and assessments on the Assets computed in accordance with paragraph 4 hereof) shall be paid to Company as follows: (1) $500,000 in cash at the Closing; and (2) $500,000 Promissory Note payable to Company and Affiliates secured by the Assets bearing interest at an annual rate of 5%, payable at the end of five years (the "Note") in form and substance satisfactory to Buyer, which amount owing under the Note may be reduced and set-off by any amounts which may become due and owing by Sellers to Buyer pursuant to Section 12 hereof. (3) Up to $500,000 payable to Company and Affiliates in earnout payments, payable in the amount of $166,667 per year for each year of the three years subsequent to the Closing if and only to the extent EBITDA of the business operated by Buyer in any of those three years exceeds $ 200,000.
Bid Deposit: $25,000
Bid Deadline: May 25, 2017
Last date to respond: May 30, 2017