This is a public record generated listing.

Assets of Grocery Store Business

Please note that this listing has expired. To view active listings, please subscribe to one of our plans.
Add to Dashboard

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
Seller Info
Nathan Schwed
Debtor's Attorney
1211 Avenue of the Americas
New York, New York
212-223-0400
Bankruptcy Info
Case #: 1:18-bk-45284
Case Title: Seasons Corporate
Court: New York Eastern Bankruptcy Court
Chapter: 11
View Case Docket

See More Documents

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.


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



Other Information

Terms and Conditions:

See Attached.


Subscribe to our free newsletters

* indicates required
Send me information about...
Choose the CaseFolder where you want to see this Deal, or create a new CaseFolder Lite.