Assets of Maryland Restaurant Business
Listing Information
Assets of Maryland Restaurant Business
Created: 06/30/2022
Category: Business Property > All Assets or Going Concerns > Restaurants
Sale Date: Sat. Jul 9, 2022
Links: www.alexcooper.com
Debtor's Attorney
201 N. Charles Street Suite 600
Baltimore, MD 21201
(410) 468-3100
Case Title: Logos Incorporated
Court: Maryland Bankruptcy Court
Chapter: 11
View Case Docket
Description
Auction Sale of substantially all of assets of Logos Incorporated (the “Seller”). Seller operates a restaurant known as “510 Johnny’s” located at 510 Marketplace Drive, Bel Air, Maryland 21014.
The seller's assets consist primarily of (i) its systems and processes to manage its restaurant business, work in progress, and furniture, fixtures, and equipment used in its business operations, (ii) its Ground Rent Lease in the Real Property, (iii) all other tangible and intangible assets associated with the seller's business operations, and (iv) any claims against third parties that the seller may hold for avoidable transfers made by the seller to or for the benefit of such transferees during the applicable period preceding the filing of the Bankruptcy Case, all of which collectively shall be referred to herein as the "Assets".
Financial Overview
Additional Details
- The auction and Sale Hearing: Bidding shall begin on July 9, 2022, at 12:00 p.m. EST and conclude on July 14, 2022, at 12:00 p.m. EST.
- Bidding Increments and Opening Bid: The Opening Bid for the assets will be $300,000.
- Bid Deposit: $20,000
- Last date to respond: July 19, 2022