This is a public record generated listing.

Assets of Restaurant Businesses

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 Restaurant Businesses



Price: $11,550,000.00


Other Item Info
Item #: mdbke_750392
Created: 09/24/2020
Category: Business Property > All Assets or Going Concerns > Restaurants
Sale Date: Wed. Oct 14, 2020
Seller Info
Janet M. Nesse
Debtor's Attorney
6411 Ivy Lane, Suite 200
Greenbelt, MD 20770
301-441-2420
Bankruptcy Info
Case #: 0:20-bk-17250
Case Title: Matchbox Food Group, LLC and Matchbox Rockville, LLC
Court: Maryland Bankruptcy Court
Chapter: 11
View Case Docket

See More Documents

Description

Sale of substantially all of assets of Matchbox Food Group, LLC, Matchbox Rockville, LLC, Matchbox Capitol Hill, LLC, Gene Pool, LLC, First MB Star, LLC, Caribou Hunter, LLC, Buttermilk, LLC, Blue Eagle, LLC, Matchbox 14th Street, LLC and Hammer and a Cocktail, LLC (collectively the “Sellers”), which includes:

  • All ownership interests in, and the assets of, any MFG restaurant locations or subsidiaries of MFG other than the MFG Conveying Restaurants (the “Non-Conveying Subsidiaries”) shall be expressly excluded from the Assets, being: MATCHBOX, LLC, which previously operated at 713 H Street NW, Washington, DC 20001; MATCHBOX 14TH ST LLC, operating at 1901 14th Street NW, Washington, DC 20009; HAMMER AND A COCKTAIL, LLC, operating at 2706 Potomac Mills Circle, Woodbridge, VA 22192; FIRST MB STAR, LLC, operating at 7859 Walnut Hill Ln #140, Dallas, TX 75230, and DDB, LLC, which previously operated at 11720 W. Broad Street, Richmond, VA 23233;
  • It is expressly understood and agreed that (A) the Assets include (i) all of the assets used or held for use by the MFG Conveying Restaurants in the operation of the relevant restaurant locations including, without limitation, the assets described in Exhibit A from Page No. 50-51 on the attached PDF and all real property leases for each of the MFG Conveying Restaurants, (ii) all of MFG’s equity and other interests in TMV and each subsidiary and restaurant location operated by TMV (including, without limitation, TH Matchbox Franchising, LLC), and (iii) all intellectual property and all intellectual property rights related to the “Matchbox” brand and concept.

Additional Details

  1. The Auction shall take place on October 14, 2020, at 10:00 a.m. (prevailing Eastern Time) via Zoom broadcasted from the offices of McNamee, Hosea, Jernigan, Kim, Greenan & Lynch, P.A., 6411 Ivy Lane, Suite 200, Greenbelt MD 20770.
  2. Initial Overbid: The bid has value to the Debtors that is greater than or equal to (i) the $11,550,000 consideration provided by the Purchaser, plus (ii) $346,500 (the “Breakup Fee”), plus (iii) $550,000 (the “Consulting Fee”), plus (iv) $250,000.
  3. Bid Increment: $250,000
  4. Bid Deposit: $250,000.00
  5. Bid Deadline: October 13, 2020


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.