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Ownership Interests in Fast Food Restaurants Business
Listing Information
Attachments
Ownership Interests in Fast Food Restaurants Business
Price: $20,000.00
Other Item Info
Item #: sdbke_54018
Created: 10/01/2020
Category: Business Property > Investments > Partnership interests/ LLC/LLP
Sale Date: None Set
Created: 10/01/2020
Category: Business Property > Investments > Partnership interests/ LLC/LLP
Sale Date: None Set
Seller Info
Forrest Allred
Trustee
14 2nd Ave SE, Suite 200
Aberdeen, SD 57401
605-225-3933
Trustee
14 2nd Ave SE, Suite 200
Aberdeen, SD 57401
605-225-3933
Bankruptcy Info
Description
Sale of the seller's 11.5% interest in each of the following entities:
- Cinos I, LLC (dba Sonic Restaurant Sioux Falls, SD);
- Cinos II, LLC (dba Sonic Restaurant Mt. Rushmore Road, Rapid City, SD);
- Cinos IV, LLC (dba Sonic Restaurant Jackson Blvd, Rapid City, SD); and
- Cinos V, LLC (dba Sonic Restaurant Century Rd., Rapid City, SD).
Cinos I, II, IV and V are each franchisees of Sonic Restaurants and derive their revenue from sales of Sonic-branded food and beverages.
Financial Overview
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