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Wholesale Outdoor and Shooting Sports Products Business in Ohio

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Listing Information

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Wholesale Outdoor and Shooting Sports Products Business in Ohio



Price: $7,750,000.00


Other Item Info
Item #: ohsbke_764259
Created: 05/04/2018
Category: Business Property > All Assets or Going Concerns > General Retailers
Sale Location: Columbus, Ohio
Sale Date: Thu. May 31, 2018
Seller Info
Thomas R Allen
Debtor's Attorney
17 South High Street, Suite 1220
Columbus, OH 43215
(614)221-8500
Bankruptcy Info
Case #: 2:18-bk-52736
Case Title: AcuSport Corporation
Court: Ohio Southern Bankruptcy Court
Chapter: 11
View Case Docket

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Description

Sale of substantially all of assets of the AcuSport Corporation, include all of seller’s right, title, and interest in, to, and under the following assets, properties, and rights of Seller, to the extent that such assets, properties, described as below:

  • All inventory, finished goods, raw materials, work in progress,packaging, supplies, parts, and other inventories of the Business, regardless of value (and including, for the avoidance of doubt, inventory with zero value as set forth in Seller’sborrowing base certificate) (“Inventory”);
  • All Assigned Contracts set forth on Section 2.5 of the DisclosureSchedules;
  • All Intellectual Property Assets described on Section 2.1(c) of the Disclosure Schedules;
  • All furniture, fixtures, equipment, supplies, and other tangible personal property of the Business listed on Section 2.1(d) of the Disclosure Schedules (the“Tangible Personal Property”); provided, however, that Tangible Personal Property shall not include any furniture, fixtures, equipment, supplies, or other tangible personal property included within the RTG Assets;(e) all Owned Real Property and Leased Real Property described on Section 2.1(e) of the Disclosure Schedules;
  • All Permits, listed on Section 2.1(f) of the Disclosure Schedules, but only to the extent such Permits may be transferred under applicable Law;
  • All IT Assets, other than those IT Assets set forth in Section 2.1(g) of the Disclosure Schedules;
  • All credits, prepaid expenses, deferred charges, security deposits, prepaid items and duties to the extent related to a Purchased Asset or an Assumed Liability;
  • All signage and marketing materials relating to the Business;
  • All insurance benefits, including claims, rights and proceeds, arising from or related to the Business, the Purchased Assets, or the Assumed Liabilities, except for those insurance benefits arising from credit insurance and claims arising thereunder for accounts or notes receivable of the Business; 
  • All Books and Records, to the extent not excluded by Section 2.2(e);
  • All client lists, customer lists, supplier lists, vendor lists, mailing lists, and other data related to the Business, including service and warranty records,== customer data and transaction history, operating guides and manuals, studies, and correspondence (electronic or otherwise); and
  • All goodwill generated by or associated with the Business.

Sale Location

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17 South High Street, Suite 1220
Columbus, OH, 43215

Additional Details

  1. Auction Time: 10:00 a.m.
  2. Sale Hearing Held on June 5, 2018.
  3. Purchase Price: The aggregate purchase price (the “Purchase Price”) for the Purchased Assets shall be the sum of (i) Seven Million Seven Hundred and Fifty Thousand Dollars ($7,750,000), plus (ii) an amount equal to the Inventory Value (collectively, the “Cash Purchase Price”).
  4. Minimum Bid Amount: Each Bid for all or substantially all of seller's assets or for the Proposed Sale Assets as defined in the Stalking Horse APA must have a cash purchase price equal to or greater than $7,750,000.00 plus the Estimated Inventory Purchase Price (as defined below) plus $800,0000 (representing the Break-Up Fee and Expense Reimbursement) plus $100,000.
  5. Bid Increment: $100,000.00
  6. Bid Deposit: 5% of the proposed bid
  7. Bid Deadline: May 29, 2018
  8. Last date to respond: May 31, 2018


Other Information

Terms and Conditions:

See Attached.


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