This is a public record generated listing.
Assets of Restaurant Business
Listing Information
Attachments
Assets of Restaurant Business
Price: Not Specified
Other Item Info
Item #: debke_183654
Created: 12/16/2020
Category: Business Property > All Assets or Going Concerns > Restaurants
Sale Location: Wilmington, Delaware
Sale Date: Tue. Feb 16, 2021
Created: 12/16/2020
Category: Business Property > All Assets or Going Concerns > Restaurants
Sale Location: Wilmington, Delaware
Sale Date: Tue. Feb 16, 2021
Seller Info
Elizabeth Soper Justison
Debtor's Attorney
Rodney Square 1000 N. King Street
Wilmington, DE 19801
302-571-6703
Debtor's Attorney
Rodney Square 1000 N. King Street
Wilmington, DE 19801
302-571-6703
Bankruptcy Info
Case #: 1:20-bk-13103
Case Title: BC Hospitality Group Inc.
Court: Delaware Bankruptcy Court
Chapter: 11
View Case Docket
Case Title: BC Hospitality Group Inc.
Court: Delaware Bankruptcy Court
Chapter: 11
View Case Docket
Description
Auction Sale of assets or a reorganization through the issuance, and purchase by a plan sponsor, of new common equity interests in the reorganized sellers (the “New BCHG Interests”) and the continued business of the BC Hospitality Group Inc. and its affiliated sellers (collectively, the “Sellers”). The Sellers operate a fast-casual, 100% vegan, and plant-based restaurant chain under the “by CHLOE.” trade name.
Financial Overview
Income and Expenses ($)
months
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Asset and Liability Summary ($)
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Inventory:
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Real Estate:
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Liabilities to assume:
Additional Details
- Auction Time: 10:00 a.m.
- Sale Hearing Held on February 19, 2021.
- Minimum Overbid Increment: Any Overbid following the Baseline Bid or following any subsequent Prevailing Highest Bid (as defined below) shall be in increments of value (including revised treatment under the Plan) equal to 10% of the Baseline Bid, unless otherwise determined by the sellers in an exercise of their business judgment, in consultation with the Consultation Parties
- Bid Deposit: Each Bid must be accompanied by a cash deposit in the amount equal to 10% of the aggregate value of the cash and noncash consideration of the Bid to be held in one or more escrow accounts on terms acceptable to the sellers
- Bid Deadline: February 11, 2021
- Last date to respond: February 12, 2021