This is a public record generated listing.
Restaurant Business in California
Listing Information
Attachments
Restaurant Business in California
Price: $100,000.00
Other Item Info
Item #: cacbke_1461950
Created: 08/13/2020
Category: Business Property > All Assets or Going Concerns > Restaurants
Sale Location: Los Angeles, California
Sale Date: Tue. Sep 1, 2020
Created: 08/13/2020
Category: Business Property > All Assets or Going Concerns > Restaurants
Sale Location: Los Angeles, California
Sale Date: Tue. Sep 1, 2020
Seller Info
David Goodrich
Debtor's Attorney
650 Town Center Drive, Suite 600
Costa Mesa, CA 92626
714-445-1028
Debtor's Attorney
650 Town Center Drive, Suite 600
Costa Mesa, CA 92626
714-445-1028
Bankruptcy Info
Case #: 2:12-bk-15626
Case Title: Forbco Sizzler Partners, L.P.
Court: California Central Bankruptcy Court
Chapter: 11
View Case Docket
Case Title: Forbco Sizzler Partners, L.P.
Court: California Central Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of substantially all of assets of W & J Higgins Investments L.P., (“Seller”) operates a restaurant located at 1461 Rimpau Avenue, Corona, California 92879. The sale assets including all of Seller’s right, title and interest in and to the following assets and properties:
- Assumed Contracts: Pursuant to section 365 of the Bankruptcy Code, the following unexpired lease and executory contracts of Seller: (i) Seller’s interests as lessee,
- pursuant to the real property leases from which the Stores are operated, as identified in Exhibit B-1 on the attached PDF; (the “Leases”); and (ii) the other executory contracts listed specifically in Exhibit B- 2 on the attached PDF (collectively, the “Assumed Contracts”);
- Furniture, Fixtures and Equipment: All furniture, fixtures, equipment, signs, smallwares, and cooking utensils including, without limitation, the items listed in Exhibit C on the attached PDF;
- Inventory: None, See Exhibit D on the attached PDF (the “Inventory”);
- Permits: All permits, licenses, authorizations, registrations, consents and approvals relating to the Stores and/or the Business, whether governmental or otherwise, including, without limitation, those set forth in Exhibit E on the attached PD, solely to the extent that they are not Nonassignable Assets (as such term is defined in Section 1.2.6 hereof);
- Financial Books and Records: Copies of all financial books and records relating to the Stores and/or the Business, in the form(s) maintained in the ordinary course of Seller’s Business (“Financial Books and Records”); provided, however, that the foregoing shall not include any personnel records or other information which Seller, in the exercise of its sole and absolute discretion, determines that it may not disclose to Buyer under applicable law;
- All Other Personal Property: All other personal property or assets of Seller used by Seller solely in connection with the Business of the Stores and not in connection with any other restaurant operated by Seller or by any other seller (“Retained Restaurants”).
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
- Sale Hearing in "Courtroom 1675" @ 2:30 p.m.
- Bid Amount: $110,000
- Bid Increment: $5,000
- Bid Deposit: $10,000
- Bid Deadline: 2 business days prior to the sale hearing