This is a public record generated listing.
Lumber Yard and Hardware Retail Business in Michigan
Listing Information
Attachments
Lumber Yard and Hardware Retail Business in Michigan
Minimum Price: $1,000,000.00
Other Item Info
Item #: miebke_779958
Created: 06/14/2014
Category: Business Property > All Assets or Going Concerns > General Industrials
Sale Date: Mon. Jun 30, 2014
Primary Office Location: Cheboygan, MI
Created: 06/14/2014
Category: Business Property > All Assets or Going Concerns > General Industrials
Sale Date: Mon. Jun 30, 2014
Primary Office Location: Cheboygan, MI
Seller Info
Susan M. Cook
Debtor's Attorney
Lambert Leser Isackson Cook & Giunta PC 916 Washington Avenue, Suite 309 Bay City, MI 48708
Bay City, MI 48708
989-893-3518
Debtor's Attorney
Lambert Leser Isackson Cook & Giunta PC 916 Washington Avenue, Suite 309 Bay City, MI 48708
Bay City, MI 48708
989-893-3518
Bankruptcy Info
Case #: 1:14-bk-20232
Case Title: Cheboygan Lumber Company
Court: Michigan Eastern Bankruptcy Court
Chapter: 11
View Case Docket
Case Title: Cheboygan Lumber Company
Court: Michigan Eastern Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of substantially all the assets of Cheboygan Lumber Company, both real and personal other than the Excluded Assets. The property described as:
(i) Real (829 N. Huron Street, Cheboygan, Michigan 49721) - The Real Estate is a commercial services property built on a 3.64 acre lot of land. The Cheboygan Lumber Company is situated on this real property.
(ii) Personal - The Personal property consisting of (a) fixtures and equipment, (b) vehicles, and (c) inventory located on the Real Property or used in the business operation. The personal property described as:
- (a) Fixtures and equipment include: COMPUTER SERVER; LABEL PRINTER; SCANNER EQUIPMENT; SHREDDER; FILE CABINETS-5; STATEMENT PRINTER; FLOOR MACHINE; LAWN MOWER; PALLET JACK; SNOW BLOWER; TABLE SAW; STEP LADDER 12'; SAFE; WATER PUMP; OC FIBERGLASS INSULATION BLOWER
- (b) Vehicles include: Trucks, Trailers & Forklifts described as: (4) 18' FLATBED; 1 TON PICK-UP 4X4; (2) PICK-UP; 3/4 TON PICK UP; (4) H35T LINDE FORKLIFT
- (c) Inventory: All inventory other than excluded from sale.
The Company operated a lumber yard and hardware retail business in Cheboygan, Michigan.
Financial Overview
Income and Expenses ($)
months
Revenue/Gross Income:
Total Expenses:
Cash Flow:
Asset and Liability Summary ($)
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Inventory:
FF&E:
Real Estate:
Total Assets:
Liabilities to assume:
Additional Details
Sale Price:
(i) Real property for $780,000.00 and
(ii) Personal property for $220,000.00, consisting of $170,000.00 furniture, fixtures and equipment, $25,000.00 vehicles, and $25,000.00 inventory.
Minimum Alternative Bid: $1,075,000
Bid Increments: $25,000
Last date to respond - 14 days from the date of service
Date of Service - June 12, 2014