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U.S. Marshals Service

NOTICE: BUSINESS FOR SALE

100% STOCK OWNERSHIP OF KENDALL SPORTS BAR, INC., D/B/A CAFE IGUANA

LOCATED AT 8358 PINES BLVD, PEMBROKE PINES, FL 33024

THIS NOTICE DOES NOT CONSTITUTE AN OFFER TO SELL BUT
INVITES INTERESTED PARTIES TO BID FOR THE PURCHASE OF THE STOCK


1.  STOCK OWNERSHIP OF SPORTS AND ENTERTAINMENT FACILITY FOR SALE

ACTIVE AND OPERATING BUSINESS FOR OVER 10 YEARS AT THE SAME LOCATION

2.  BUSINESS INCLUDES

LIQUOR LICENSE

ASSIGNABLE LONG-TERM PREMISES LEASE (22,000 SF)

100% WORKING INVENTORIES

LEASEHOLD IMPROVEMENTS (FURNITURE, FIXTURES, AND BAR, VIDEO ENTERTAINMENT EQUIPMENT)

3.  SEALED BIDS ACCEPTED UNTIL MAY 25, 2011

100% STOCK SALE, ALL CASH (NO SELLER FINANCING)

MINIMUM BID $1.4 MILLION

INTERESTED BUYERS MUST COMPLETE BID PACKAGE

BUYERS BROKERS WELCOME (SELLER WILL NOT PAY FEES)

4.  TERMS

THE STOCK WILL ONLY BE SOLD IN A BLOCK TO A SINGLE PURCHASER

THE PURCHASER MUST REPRESENT THAT THE STOCK IS BEING ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO RESALE OR DISTRIBUTION

THIS STOCK HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933. THE CERTIFICATES REPRESENTING THE STOCK WILL BEAR A LEGEND TO THE EFFECT THAT THE STOCK HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 AND MAY NOT BE TRANSFERRED OTHER THAN IN COMPLIANCE WITH THE SECURITIES ACT OF 1933

THE SALE WILL ONLY BE MADE TO A PURCHASER WHO IS FINANCIALLY SOPHISTICATED AND WHO CAN AFFORD THE LEVEL OF INVESTMENT RISK THAT THE PURCHASE OF THE STOCK WOULD ENTAIL

5.  CONTACT

IN ORDER TO ENABLE INTERESTED PARTIES TO MAKE AN INFORMED INVESTMENT DECISION, FINANCIAL AND OTHER INFORMATION ABOUT THE CORPORATION, ITS BUSINESS, AND ITS STOCK MAY BE OBTAINED FROM THE CONTACT BELOW. ALL FINANCIAL AND OTHER INFORMATION WITH RESPECT TO THE CORPORATION, ITS BUSINESS, AND ITS STOCK THAT IS AVAILABLE TO THE SELLER WILL BE MADE AVAILABLE TO INTERESTED PARTIES. INTERESTED PARTIES WILL BE REQUIRED TO SIGN A CONFIDENTIALITY AGREEMENT PRIOR TO RECEIPT OF THE DATA

Interested parties should fill out the Preliminary Questionnaire and either email it to Thomas.Landwermeyer@usdoj.gov or fax it to 202-307-5020 to the attention of Thomas Landwermeyer.

 

Asset Forfeiture

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