This is a public record generated listing.
Assets of Linen Rental & Commercial Laundry Services Business
Listing Information
Attachments
Assets of Linen Rental & Commercial Laundry Services Business
Price: Not Specified
Other Item Info
Item #: nynbke_373189
Created: 12/26/2018
Category: Business Property > All Assets or Going Concerns > General Industrials
Sale Location: Syracuse, New York
Sale Date: Thu. Feb 7, 2019
Created: 12/26/2018
Category: Business Property > All Assets or Going Concerns > General Industrials
Sale Location: Syracuse, New York
Sale Date: Thu. Feb 7, 2019
Seller Info
Camille W. Hill
Debtor's Attorney
One Lincoln Center
Syracuse, NY 13202-1355
(315) 218-8000
Debtor's Attorney
One Lincoln Center
Syracuse, NY 13202-1355
(315) 218-8000
Bankruptcy Info
Case #: 5:18-bk-31754
Case Title: Centerstone Linen Services, LLC and Alliance LTS Winchester, LLC
Court: New York Northern Bankruptcy Court
Chapter: 11
View Case Docket
Case Title: Centerstone Linen Services, LLC and Alliance LTS Winchester, LLC
Court: New York Northern Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of substantially all of assets of the Alliance Laundry & Textile Services, LLC, a Georgia limited liability company d/b/a Clarus Linen Systems (“Seller”), including all of Seller’s assets, properties, rights and interests of any nature whatsoever used in or related to the Business, described as below:
- The Inventory;
- All fixtures, machinery, equipment, fixed assets, furniture, tools, maintenance equipment, mobile equipment, electrical, mechanical, electronic, computers software, telecommunications, servers and other equipment and fixed assets of every kind located at the Spartanburg Facility and the Albany Facility.
- The Seller Intellectual Property;
- The Seller’s Permits;
- All goodwill associated with the Business or the Purchased Assets;
- All Books and Records associated with the Purchased Assets;
- All rights of Seller under or pursuant to all warranties, representations and guarantees made by suppliers, manufacturers, service providers and contractors other than any warranties, representations and guarantees pertaining to any Excluded Assets;
- All rights to payment under insurance policies in connection with any loss or damage associated with any Purchased Asset; and
- All other assets of every kind and nature (tangible or intangible, known or unknown, liquidated or unliquidated) located at the Spartanburg Facility and Albany Facility or used or useful in conjunction with the operation of those facilities and not specifically included in the definition of Excluded 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:
Additional Details
- Auction Time: 10:00 a.m.
- Sale Hearing Held on February 12, 2019 at 11:00 a.m.
- Purchase Price: The aggregate purchase price for the purchase of the Purchased Assets and the assumption of the Assumed Liabilities shall be an amount determined as of the Closing pursuant to the methodology set forth on Appendix 2.1 to the Purchase Agreement, which amount includes cash equal to the Cure Cap of $25,000.
- Initial Qualified Overbid: A purchase offer in excess of the Purchase Price by $170,000 (the amount of the Breakup Fee plus $50,000.000, as set forth in detail in the Purchase Agreement).
- Bid Increment: $50,000.00
- Bid Deposit: 10% of the bidder’s Initial Qualified Overbid
- Bid Deadline: February 4, 2019
- Last date to respond: February 5, 2019