This is a public record generated listing.
Assets of Online Food Ordering and Meal Delivery Service Business
Listing Information
Attachments
Assets of Online Food Ordering and Meal Delivery Service Business
Price: Not Specified
Other Item Info
Item #: canbke_571957
Created: 03/18/2020
Category: Business Property > Intellectual Property > Other
Sale Location: San Francisco, California
Sale Date: Thu. Apr 9, 2020
Created: 03/18/2020
Category: Business Property > Intellectual Property > Other
Sale Location: San Francisco, California
Sale Date: Thu. Apr 9, 2020
Seller Info
Jennifer C. Hayes
Debtor's Attorney
1 Market Plaza Spear Tower 24th Fl.
San Francisco, CA 94105
415-267-4000
Debtor's Attorney
1 Market Plaza Spear Tower 24th Fl.
San Francisco, CA 94105
415-267-4000
Bankruptcy Info
Case #: 3:19-bk-30232
Case Title: Munchery, Inc.
Court: California Northern Bankruptcy Court
Chapter: 11
View Case Docket
Case Title: Munchery, Inc.
Court: California Northern Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of assets of Munchery, Inc., which includes:
Ssoftware assets owned by the seller and generally described as the software for the sale, production, and delivery of prepared meals and meal kits, including the web and mobile e-commerce applications, the “Cookbook” recipe management and production platform, the “pick-and-pack” or “packing” application, the “driver” or “last mile” application, and all related customer care, operations support, and administrative tools (together the “Software Assets”).
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:
Sale Location
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San Francisco, CA, 94102
Additional Details
- Sale Hearing in "Courtroom 19" @ 10:00 a.m.
- Purchase Price: (i) $250,000 cash to be paid to TriplePoint; (ii) a promissory note of $250,000 in favor of TriplePoint, which accrues interest at 10% per annum, with the principal and all accrued interest due on the two-year anniversary date of the closing; and (iii) TriplePoint will receive a ten-percent interest in the common shares of Loop on a fully-diluted basis after the closing of Loop’s seed financing in the amount of at least $1,000,000 (the “Loop Financing”) (collectively, the total consideration is defined as the “Software Consideration”).
- Last date to respond: 7 days prior to the sale hearing