Eight Restaurants in Florida
Listing Information
Eight Restaurants in Florida
Price: $3,250,000.00
Created: 12/30/2014
Category: Business Property > All Assets or Going Concerns > Restaurants
Sale Location: Miami, Florida
Sale Date: Mon. Jan 26, 2015
Trustee's Attorney
1221 Brickell Ave #1600
Miami, FL 33131
Case Title: ASIC Broward, LLC
Court: Florida Southern Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of substantially all the assets of ASIC Broward, LLC, including all of company's right, title and interest in the Restaurants, seven (7) "Five Guys Burger and Fries" restaurants situated in Broward County, Florida and eighth location that was initially planned to open during the summer of 2014. The restaurants are at the following locations:
- 5701 North University Drive, Tamarac FL 33321 ("Tamarac");
- 7266 West Atlantic Blvd., Margate, FL 33063 ("Margate");
- 1818 Cordova Road, Fort Lauderdale, FL 33316 ("Harbour Shops");
- 11097 Pines Blvd., Pembroke Pines, FL 333026 ("Pembroke Pines");
- 6201 North Andrews Avenue, Fort Lauderdale, FL 33309 ("Cypress Creek");
- 801 South University Drive, Plantation, FL 33324 ("Plantation");
- 800 East Hallandale Beach Blvd, Hallandale Beach, FL 33009 ("Hallandale Beach"); and
- New planned location in Hillsboro Square Shopping Center, Deerfield Beach, FL ("Deerfield Beach").
The Sale Assets include: (i) All Inventory of Restaurants, including ("In-Transit Inventory"); (ii) Leased Real Property; (iii) All tangible personal property including all machinery, equipment, supplies, materials, furniture, computers, fixtures, trade fixtures, computer equipment, hardware, telephone systems, computing and telecommunications equipment, safes and alarms, and other items of personal property related to Restaurants; (iv) All advertising and promotional materials; (v) Contracts; (vi) Permits; (vii) and other assets owned by company related to restaurants.
The Sale Assets are more described in "Para 18, Page 12" on the attached PDF.
Financial Overview
Sale Location
Miami, FL, 33131
Additional Details
- Auction Time - 11:00 a.m.
- Sale Hearing held on January 27, 2014 @ 10:30 a.m. at 299 E. Broward Blvd., Fort Lauderdale, FL.
- Bid Deadline: January 22, 2015 at 5:00 p.m.
- Bid Deposit: $325,000
- Bid Amount: $3,375,000
- Bidding Increments: $50,000