This is a public record generated listing.
Assets of Wellness and Fitness Services Business
Listing Information
Attachments
Assets of Wellness and Fitness Services Business
Price: $37,500,000.00
Other Item Info
Item #: njbke_1109943
Created: 03/07/2024
Category: Business Property > All Assets or Going Concerns > Personal Goods
Sale Location: New York, New York
Sale Date: Mon. Apr 8, 2024
Created: 03/07/2024
Category: Business Property > All Assets or Going Concerns > Personal Goods
Sale Location: New York, New York
Sale Date: Mon. Apr 8, 2024
Seller Info
Joseph J. DiPasquale
Debtor's Attorney
49 Market Street
Morristown, NJ 07960
973-548-3368
Debtor's Attorney
49 Market Street
Morristown, NJ 07960
973-548-3368
Bankruptcy Info
Case #: 1:24-bk-12364
Case Title: BowFlex Inc.
Court: New Jersey Bankruptcy Court
Chapter: 11
View Case Docket
Case Title: BowFlex Inc.
Court: New Jersey Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of substantially all of assets of BowFlex Inc., (the “Seller”), which includes:
- All Contracts, agreements, licenses, leases, warranties, commitments, and purchase and sale orders with respect to personal property, Intellectual Property, real property or otherwise (collectively, “Executory Contracts and Unexpired Leases”), solely to the extent that such Executory Contracts and Unexpired Leases are listed on Schedule 2.1 as designated by Purchaser to be assumed and assigned on the Closing Date in accordance with the Bidding Procedures Order and provided further that Purchaser shall have provided adequate assurance of future performance under Section 365(b)(1)(C) of the Bankruptcy Code with respect to any designated contract (collectively, “Assigned Contracts”), together with the right to receive income in respect of such Assigned Contracts on and after the Closing Date, and any causes of action which may be brought by Seller relating to past or current breaches of the Assigned Contracts; and
- The IP Maintenance Capital.
Financial Overview
Income and Expenses ($)
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: 10:00 a.m.
- Sale Hearing Held on April 15, 2024 at 10:00 a.m.
- Bid Amount: Exceeding the present contract by at least $50,000.00.
- Bid Deposit: 10% of the aggregate purchase price of the bid
- Bid Deadline: April 6, 2024
- Last date to respond: April 9, 2024