This is a public record generated listing.
Assets of High Performance Driving School Business
Listing Information
Attachments
Assets of High Performance Driving School Business
Price: Not Specified
Other Item Info
Item #: azbke_748031
Created: 03/12/2019
Category: Business Property > All Assets or Going Concerns > Support Services
Sale Date: None Set
Created: 03/12/2019
Category: Business Property > All Assets or Going Concerns > Support Services
Sale Date: None Set
Seller Info
HILARY L BARNES
Debtor's Attorney
1850 N. CENTRAL AVE., SUITE 1150
PHOENIX, AZ 85004
602-256-6000
Debtor's Attorney
1850 N. CENTRAL AVE., SUITE 1150
PHOENIX, AZ 85004
602-256-6000
Bankruptcy Info
Case #: 2:18-bk-12041
Case Title: BOB BONDURANT SCHOOL OF HIGH PERFORMANCE DRIVING,
Court: Arizona Bankruptcy Court
Chapter: 11
View Case Docket
Case Title: BOB BONDURANT SCHOOL OF HIGH PERFORMANCE DRIVING,
Court: Arizona Bankruptcy Court
Chapter: 11
View Case Docket
Description
Auction Sale of all assets of Bob Bondurant School of High Performance Driving, Inc., including but not limited to:
- Leases, contracts, intangibles (customer lists, brands, intellectual property);
- Accounts Receivables;
- Inventory;
- Note Receivable;
- Prepaid Expenses, excluding insurance premium refunds;
- Property, Plant and Equipment;
- Seller’s interest in the museum cars, which is currently unknown; and
- OEI Design Project.
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 consisting of: Valued in excess of $5 million in the aggregate, as defined in the APA, comprised of the following (collectively, the “Initial Bid”): (a.) Cash payment of $300,000; (b.) Assumption of certain liabilities: i. Sun Valley Lease, including post-petition rent obligation, under amended terms negotiated with Sun Valley; ii. Student deposits in the amount of $250,000 or 33.3% of future revenue, whichever is higher at the Closing Date; iii. Hunter Fully Automatic Tire Changer Lease; and iv. Nitehawk Osprey II Lease.