This is a public record generated listing.
Assets of Grocery Store Business
Listing Information
Attachments
Assets of Grocery Store Business
Price: Not Specified
Other Item Info
Item #: nyebke_459597
Created: 12/22/2018
Category: Business Property > All Assets or Going Concerns > General Retailers
Sale Date: None Set
Created: 12/22/2018
Category: Business Property > All Assets or Going Concerns > General Retailers
Sale Date: None Set
Seller Info
Nathan Schwed
Debtor's Attorney
1211 Avenue of the Americas
New York, New York
212-223-0400
Debtor's Attorney
1211 Avenue of the Americas
New York, New York
212-223-0400
Bankruptcy Info
Description
Sale of assets of Seasons Corporate LLC substantially all of the assets of the Clifton Store and all assets of Seasons Maryland LLC as well as the adjacent real property located at 3835 Naylors Lane, Pikesville, MD. Assets for sale is more described in attached PDF.
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
Purchase price: (i) $135,000 to satisfy the Landlord's claims under the Lease, which shall be paid for by the Landlord's retention of the Company's $100,000 security deposit, the Baltimore Buyer's payment of $35,000 to the Landlord and the Baltimore Buyer's payment of $100,000 to Seasons Maryland LLC, (ii) to the Landlord of an amount equal to rent and additional rent due under the Lease for December 2018 (collectively, the "December Rent"), (iii) to Axos Bank the sum of $1,013,500, to obtain foil releases of the liens on the Axos Equipment (as defined in the Baltimore Agreement), and (iv) the sum of $605,000 to acquire the note and judgment held by Presidential Bank against the Adjacent Property