BY ORDER OF U.S. BANKRUPTCY COURT, CAROL KNOWLTON, ESQ. ATTORNEY FOR THE DEBTOR, CASE #: 13-37356-ABA

PLEASANTVILLE MECHANICAL, INC. DBA: ONE HOUR HEATING & AIR CONDITIONING


ASSETS CONSIST OF:

8 COMPANY VEHICLES, OFFICE FURNITURE, FIXTURES, COMPUTERS, EQUIPMENT, TOOLS, GOODWILL & ACCOUNTS RECEIVABLE

LIVE ON-SITE AUCTION
Began: 12/10/15 at 10:00 AM EST
Location: U.S. Bankruptcy Court, Courtroom 4B, 4th Floor, 400 Cooper St., Camden, NJ 08101-2067
INSPECTION
Began: 12/02/15 at 7:00 AM EST
Ended: 12/02/15 at 10:00 AM EST
Location: Pleasantville Mechanical, 200 Cambria Ave. Suite F, Pleasantville, NJ 08232


SALE OF ASSETS

BY ORDER OF U.S. BANKRUPTCY COURT, CAROL KNOWLTON, ESQ. ATTORNEY FOR THE DEBTOR,  CASE#: 13-37356-ABA

PLEASANTVILLE MECHANICAL INC.(DBA: ONE HOUR HEATING & AIR CONDITIONING)

 

THURSDAY DEC. 10, 2015 @ 10:00AM

 

AUCTION HELD AT: COURTROOM 4B

UNITED STATES BANKRUPTCY COURT

MITCHELL H. COHEN U.S. COURTHOUSE

400 COOPER ST., 4TH FLOOR

CAMDEN, NJ 08101

 

BUSINESS PREMISE LOCATION: PLEASANTVILLE MECHANICAL OCCUPIES A PORTION OF AN OFFICE/WAREHOUSE ON A MONTH TO MONTH BASIS, LOCATED AT 200 CAMBRIA AVE., SUITE F IN PLEASANTVILLE, NJ

THE BUILDING IS OWNED PRIVATELY AND LEASED TO BEN FRANKLIN PLUMBING. BEN FRANKLIN PLUMBING SUBLETS A PORTION TO PLEASANTVILLE MECHANICAL. THERE IS NO LEASE AND A PROSPECTIVE PURCHASER WOULD HAVE TO VACATE OR COME TO TERMS ON A NEW SUBLET ARRANGEMENT WITH BEN FRANKLIN PLUMBING. LANDLORD INFO AVAILABLE, CALL THE AUCTIONEERS GROUP AT 732-776-7222

BUSINESS DESCRIPTION: PLEASANTVILLE MECHANICAL DBA: ONE HOUR HEATING & AIR CONDITIONING, OPERATES IN AND AROUND PLEASANTVILLE, NJ AND SERVICES ALL OF ATLANTIC AND SURROUNDING COUNTIES. ONE HOUR HVAC IS A FRANCHISE AND PROVIDES ANNUAL SERVICE CONTRACT MAINTENANCE FOR APPROX. 1,100 CUSTOMERS, NEW INSTALLATIONS & REPAIRS OF HVAC UNITS FOR ALL TYPES OF RESIDENTIAL APPLICATIONS & EMERGENCY SERVICE. THEY HAVE BEEN IN BUSINESS SINCE 2008 AND EMPLOY 10 PEOPLE. THERE ARE 7 TECHNICIANS WITH COMPANY PROVIDED TRUCKS, 2 FULL TIME OFFICE EMPLOYEES, 1 PART TIME EMPLOYEE AND 1 FULL TIME MANAGER.

THE TECHNICIANS WORK OUT OF UNION LOCAL 322 AND PROVIDE THEIR OWN TOOLS. 5 TRUCKS CARRY APPROX. $1,000 TO $1,500 OF BASIC STANDARD HVAC PARTS INVENTORY. 

ASSETS OF COMPANY INCLUDED IN SALE:

1. MOTOR VEHICLES & TRUCKS (SEE LIST & PHOTOS) (TITLES AVAILABLE).  (ALL LETTERING MUST BE REMOVED PRIOR TO USE).

2. PARTS INVENTORY IN 5 TRUCKS (AVAILABLE TO BE SEEN AT INSPECTION)

3. OFFICE EQUIP. & FURNITURE (SEE LIST & AVAIL. TO INSPECT @ PREVIEW)

4. GOODWILL (CONTACT AUCTIONEER FOR FURTHER DETAILS INCL. REPORTED SALES FIGURES, ETC.)

5. ACCOUNTS RECEIVABLE (MONEY OWED TO PLEASANTVILLE MECH. FOR ANY INCOMPLETE WORK OR OPEN JOB ORDERS AT THE TIME OF CLOSING, & DEPOSITS HELD ON FUTURE BOOKED ORDERS). THIS AMOUNT CHANGES FREQUENTLY & YOU MAY CALL CAROL KNOWLTON, THE ATTORNEY FOR THE DEBTOR AT (609) 964-4000 FOR AN APPROXIMATION.

6. BUSINESS PHONE # & FAX #

ASSETS NOT INCLUDED IN SALE:

1. FRANCHISE, TRADEMARKS & TRADE NAMES

2. COMPANY STOCK

3. ASSUMPTION OF LEASE OR TENANCY

4. BANK ACCOUNTS

5. BOOKS & RECORDS

6. PERMITS & LICENSES.

FRANCHISE INFO: PLEASANTVILLE MECHANICAL OPERATES THE FRANCHISE KNOWN AS ONE HOUR HEATING & AIR CONDITIONING. THE FRANCHISE TERRITORY EXTENDS FROM TOMS RIVER TO CAPE MAY, NJ & WEST TO VOORHEES, NJ. THE FRANCHISE IS NOT INCLUDED IN THE ASSET SALE. HOWEVER, IF YOU WANT INFORMATION REGARDING PURCHASING OR CONTINUING THE FRANCHISE OR THE NAME ONE HOUR HEATING & AIR, AND/OR THE CUSTOMER LIST & MAINTENANCE CONTRACTS, PLEASE CONTACT US DIRECTLY FOR FRANCHISOR OR CONTACT INFO. IN NO WAY IS THE SALE OF ASSETS CONTINGENT ON THE AVAILABILITY TO PURCHASE OR CONTINUE THE FRANCHISE OR TO OCCUPY LEASED PREMISES.

AUCTIONEER’S NOTE #1: ATTORNEY FOR THE DEBTOR ESTATE CONTACT INFORMATION: CAROL L. KNOWLTON, ESQUIRE, GORSKI & KNOWLTON PC 311 WHITEHORSE AVE. SUITE A, HAMILTON, NJ 08610   PHONE: 609-964-4000, FAX: 609-585-2553, EMAIL: CKNOWLTON@GORSKIKNOWLTON.COM

AUCTIONEER’S NOTE #2: MARKETING & PROMOTION PREPARED BY THE AUCTIONEERS GROUP. THE AUCTION WILL BE CONDUCTED BY THE HONORABLE JUDGE ANDREW B. ALTENBURG JR. @ DATE & TIME ABOVE.

AUCTIONEER’S NOTE #3: PLEASE NOTE: YOU ARE NOT REQUIRED TO HAVE AN ATTORNEY PRESENT. HOWEVER, THIS IS A COURT PROCEEDING REQUIRING THE SIGNING OF A CONTRACT & RENDERING A $25,000 DEPOSIT. THE AUCTIONEERS GROUP STRONGLY SUGGESTS THAT YOU BRING OR CONSULT YOUR ATTORNEY.

AUCTIONEER’S NOTE #4: PLEASE NOTE: ALL OF THE SALE ASSETS ARE BEING SOLD IN BULK, IN THEIR ENTIRETY AS ONE LOT AND NOT ON AN INDIVIDUAL BASIS.

TERMS: A $25,000 DEPOSIT IN CASH, CERTIFIED FUNDS OR BANK CHECK AND A SIGNED PURCHASE AGREEMENT WILL BE REQUIRED FROM THE HIGH BIDDER / PURCHASER AT THE CONCLUSION OF THE BIDDING.  ALL ITEMS SOLD “AS-IS, WHERE-IS” FREE & CLEAR OF LIENS. LIENS TO ATTACH TO SALE PROCEEDS. SALE SUBJECT TO BANKRUPTCY COURT APPROVAL. AUCTION CONDUCTED BY THE HONORABLE JUDGE ALTENBURG IN THE COURTROOM. A COPY OF THE PURCHASE CONTRACT CAN BE FOUND UNDER “DOCUMENTS” TAB FOR YOUR REVIEW (WHEN AVAILABLE).

SALE HISTORY: THE BUSINESS ASSETS ARE TO BE SOLD AS ONE LOT IN THEIR ENTIRETY. THERE IS AN EXISTING OFFER OF $215,000. THE PURPOSE OF THE AUCTION IN THE COURT IS TO DETERMINE IF THERE IS A PROSPECTIVE BUYER WILLING TO SUBMIT A HIGHER AND/OR BETTER OFFER. THE OPENING BID FOR THIS AUCTION IS $225,000 AND JUDGE ALTENBURG WILL DETERMINE THE SUBSEQUENT BIDDING INCREMENTS. AT THE CONCLUSION OF THE BIDDING AS PREVIOUSLY STATED, THE PROSPECTIVE BUYER MUST GIVE A $25,000 DEPOSIT AND SIGN THE REQUIRED CONTRACT. JUDGE ALTENBURG WILL THEN DETERMINE  WHAT IS THE HIGHEST AND BEST OFFER AND ACCEPT OR REJECT THAT OFFER.

INSPECTION & PREVIEW: PLEASANTVILLE MECHANICAL IS LOCATED AT 200 CAMBRIA AVE. SUITE F, PLEASANTVILLE, NJ 08232 — YOU CAN VISIT THE BUSINESS LOCATION & VIEW THE ASSETS ON WED. DECEMBER 2ND FROM 7:00AM TO 10:00AM OR BY SPECIAL APPOINTMENT.

NOTE: VEHICLES AVAILABLE FOR INSPECTION FROM 7:00AM TO 8:00AM ONLY.

 

THE AUCTIONEERS GROUP

A.P. NATOLI / PETER COSTANZO

(609) 693-6899     (732) 776-7222

www.theauctioneersgroup.com

 

All items sold “As-Is, Where-Is” free & clear of liens. Liens to attach to sale proceeds. Sale subject to Bankruptcy Court approval. A $25,000 deposit in cash or certified check and a signed purchase agreement are required at the close of bidding. Auction conducted by the Honorable Judge Altenburg in the courtroom. 

Directions to the Inspection on December 2nd:
 
From North: Head South on the Garden State Parkway: take exit 37 for Washington Avenue 
towardPleasantville/Black Horse Pike/U.S. 40/322
 0.2 mi
Continue on Washington Ave. Drive to Cambria Avenue in Pleasantville
4 min (1.7 mi)
 
Turn left onto Washington Ave
1.3 mi
 
Turn left onto Doughty Rd
 0.1 mi
 
Slight right onto Cambria Avenue

Click on any image to view larger.

Click on any image to view larger.

Your auction should be printing now. If not, please click here.

AuctionServices