Automobile Dealership Company in Indiana

Auction Sale of substantially all of assets of the New City Auto Group, Inc., operated as a registered Nissan automobile dealer located at 1301 Indianapolis Blvd., Schererville, Indiana. The Assets constitutes vehicles, parts, machinery, and other assets used in the operation of an automobile dealership, and more described as below:

• Fixed Assets, Special Tools, Furniture and Fixtures: All fixed assets, company owned vehicles, computers, software, catalog systems, and all special tools for ($300,000.00);
• Goodwill and General Intangibles: All signs, graphics, telephone numbers, customer lists, URL’s, websites, goodwill and intangibles for ($1,300,000.00);
• New Cars: All of the Debtor’s new, undamaged and untitled 2018 and 2019 model year new vehicle inventory at dealer's net invoice for such vehicles, less any holdback, rebates, floor plan assistance, advertising allowance, dealer prep, curtailment allowances or similar credits paid or payable to the Debtor by Nissan;
• Used Cars: Used vehicles at a mutually agreed upon price. Lupient would not be obligated to buy any of the Debtor’s used vehicles, but Lupient retains the right of first refusal on all used vehicles;
• Parts and Accessories: All new, unused and undamaged, fully returnable parts and accessories that are currently listed in the parts book catalog, including all superseded parts that are under 12 months of age at the time of the purchase. The price for such parts shall be equal to the current invoice price, less all available stock paid or other discounts. All other parts shall become the property of Lupient without an additional payment; and
• Real Estate Lease: The current real estate lease and release all current guarantees on said lease.

Assets for sale is more described from Page No. 24-26 on the attached PDF.