TUXEDO RENTAL STORE

Auction by: Maltz Auctions

Bankruptcy Sale – Seeking Offers

High-End Tuxedo Rental Business – 2 Turn-Key Locations

Details

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Bankruptcy Auction – United States Bankruptcy Court Eastern District of New York
In Re: Coco Partners, Inc. – Case #
17-76178-REG

Fully Equipped & Stocked Tuxedo Rental Store

Turn-Key Opportunity w/ Long-Term Lease

Details:

  • 20 Central Avenue, Massapequa, NY 11758 

    • a/k/a 14-16 and 20 Central Avenue, Massapequa, NY 11758

    • Street-Level Retail Space w/ Basement Storage

    • Located directly North of LIRR Massapequa Station

    • Directly Across from Bridal Store

    • Fully Built-Out w/High-End Store Fixtures

    • 10 Years Remaining on Lease (Expires 12/31/2027)

    • Current Annual Base Rent (2017): $63,216.00 ($5,268 Monthly)

    • Additional Rent Expenses: 45% of Annual Real Estate Taxes

    • Tenant Responsible for all Utilities & Maintenance Expenses

  • Fully Equipped & Stocked

    • Men’s Formal Wear: Coats, Pants, Vests, Shirts, Ties & Shoes

      • Estimated Inventory Counts:

      • 850+ Coats

      • 950+ Vests

      • 700+ Pants

      • 500+ Shirts

      • 450+ Pairs of Shoes

      • 2,000+ Ties

    • Men’s Accessories

    • High-End Displays, Furniture & Decor

    • Point-of-Sale System

    • Tailoring Machinery

    • Storage Racks

    • And Much More…

Inspection: TBA

Auction Date: TBA

Auction Location: TBA

Deposit: TBA 

Robert L. Pryor, Esq., Chapter 7 Trustee
Pryor & Mandelup LLP, Attorneys for the Chapter 7 Trustee

Richard B. Maltz, Auctioneer DCA# 1240836

David A. Constantino, Auctioneer DCA# 1424944
Richard B. Maltz, Licensed Real Estate Broker
 Phone (516) 349-7022  Fax (516) 349-0105

These Assets are being sold “AS IS” “WHERE IS”“WITH ALL FAULTS”, without any representations, covenants, guarantees or warranties of any kind or nature, and free and clear of any liens, claims, or encumbrances.  By delivering their respective Deposits, all Bidders acknowledge that they have had the opportunity to review and inspect the Assets and will rely solely on their own independent investigations and inspections of the Assets in making their bid.  The Attorney for the Chapter 7 Trustee, the Chapter 7 Trustee, the Auctioneer or their representatives do not guarantee the accuracy of any of the descriptions or any other information pertaining to the sale of this asset. All prospective bidders are urged to conduct their own due diligence prior to participating in the Public Auction.  Bid rigging is illegal and suspected violations will be reported to the Department of Justice for investigation and prosecution.

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