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BUSINESS OPPORTUNITY-FORMER ASSETS-PARTS USA CADILLAC-OLDSMOBILE-COURT ORDERED SALE


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OFFERS MUST BE RECEIVED BY JULY 19TH 2021
BY ORDER OF THE U.S. BANKRUPTCY COURT-NORTHERN DISTRICT OF WEST VIRGINIA -FORMER ASSETS OF USA PARTS, CADILLAC,OLDSMOBILE USA LIMITED PARTNERSHIP. CASE 21-00290 LOCATED AT 261 INDUSTRIAL BLVD. KEARNEYSVILLE WEST VA. SALE INCLUDES REAL ESTATE AND BUSINESS OPERATION


AARON C. AMORE-ATTORNEY-CHAPTER 7 TRUSTEE
N. T. ARRINGTON-APPOINTED SALES AGENT.

30 YEAR OLD ESTABLISHED BUSINESS SELLING CLASSIC CAR NEW AND USED PARTS FOR CADILLACS, OLDSMOBILES AND OTHERS. 3+ ACRES IMPROVED WITH APPROX 20,OOO SF WAREHOUSE WITH LOADING DOCK & FENCED LOT. COMPLETE PACKAGE INCLUDES REAL ESTATE, WEBSITE DOMAIN, PHONE NUMBERS, 125 40S THRU 80'S PARTS CARS, 500 SHELVING SECTIONS FULL OF NOS, NORS, USED, REBUILT AND OTHER ASSORTED REBUILDABLE CORES ETC. ESTABLISHED CUSTOMERS BOTH IN USA AND ABROAD. DOCUMENTS AND INTERVIEWS WITH STAFF INDICATE 2019 SALES WERE IN RANGE OF $1.2M WITH STAFF OF 2 FULL TIME AND 1 PART TIME EMPLOYEE. MAJORITY OF SALES ARE DROP SHIPPED FROM MFG INCLUDING -BUT NOT LIMITED TO THE FOLLOWING LINES:

AUTO CUSTOM CARPET-CARPET & MATS
ELECTRON-CONVERTIBLE TOPS
CLASSIC EXHAUST-EXHAUST SYSTEMS
ACME-HEADLINERS-VINYL TOPS-BOOTS
BISHKO-BOOKS AND MANUALS
AUTO COUSTOM LEATHERS-INTERIORS
PARTS UNLIMITED-SEAT COVERS & DOOR PANELS
USED PARTS-COMPOMENT REBUIDING

75/85 MILES FROM D.C & BALTIMORE RESPECTIVELY. VERSATILE COMMERCIAL ZONING. MANY POSSIBILIIES FOR EXPANSION/AUTO RESTORATION  OR ALTERNATIVE USE

CURRENT WEST VA. ASSESSMENT INDICATES REAL ESTATE ALONE IS VALUED AT $803,000.00

JEFFERSON CO. WEST VA. ASSESSMENT DATA BELOW

PHYSICAL ADDRESS-261 INDUSTRIAL BLVS. KEARNEYSVILLE VA 25430
PARCEL ID 19-02-0002-0001-0014
COUNTY-19 JEFFERSON
DEEDED ACRES-3.04O BUILDING SF-19,949
PARCEL HISTORY-LAND-$425,667 BUILDING-$377,667.00

OFFERS ACCEPTED THRU JULY 19TH 2021
MINIMUM ACCEPTABLE OFFER IS $640,000.00
PLEASE NOTE-OFFERS ARE SUBJECT TO REVIEW AND COURT APPROVAL.


FOR MORE INFORMATION,TERMS & CONDITIONS .INSPECTION DATES AND BID SHEET CONTACT N. T. ARRINGTON AT 703-966-8422 OR EMAIL nta1153@verizon.net
Price: $640,000

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