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Carting Company
Bankruptcy Auction

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Auction

March 24, 2016 at 5:00 pm

2016-03-24 05:00PM

Auction Location

On North Lexington Avenue
White Plains, NY 10601

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Details

Bankruptcy Auction – United States Bankruptcy Court Southern District of New York

In Re: SULLIVAN COUNTY FIRST RECYCLING, INC.,. Case # 15-35197 (CGM)· Chapter 11

Fully Operational Garbage Removal, Recycling & Carting Business

$2,000,000+/ Annual Revenue

Details:

  • Business Currently Operating as Sullivan County First Recycling & Refuse
  • $2,000,000+/- Annual Revenue
  • Approximately 950 Residential & Commercial Year Round Customers & 275 Seasonal Customers
  • Staffed with 15 Full-Time Employees: $10,865 Weekly Payroll
  • Paying Out $95/Ton & Billing Out $100/Ton
  • Services Include: Residential Curbside, Backdoor Carting, Commercial Removal, Roll Off Service, Compaction Services and more
  • Vehicles Included:
  •         2009 Ford F-150 Pickup
  •         2005 Kenworth Packer
  •         2005 Mack Roll-Off
  •         2003 Western Star Roll-Off
  •         2000 Volvo Packer
  •         1999 Mack Frontloader
  •         1998 International Packer
  •         1995 Mack Frontloader
  •         1995 Ford Service
  •         1994 Freightliner Packer
  • Equipment Included:
  •          (18) Self Contained Compactors
  •          (74) 10-40 Yard Roll-Off Containers
  •          (196) 1-10 Yard Front Load Dumpsters
  •          (111) 1-8 Yard Rear Load Dumpsters

Bidder Qualification Deadline:  Thursday, March 24th by 5:00 pm.  See Attached Bid Procedures for Details.

Auction Date & Time:  Monday, March 28th at 2:00 pm.  Only Qualified Bidders as Defined in the Bid Procedures are Qualified to Participate.

Auction Location:  The Offices of Delbello Donnellan Weingarten Wise & Wiederkehr, LLP, One North Lexington Avenue, White Plains, New York 10601.

Terms & Conditions of Sale: Sold free and clear of all liens, claims & encumbrances.  A $385,000 offer has been accepted, subject to higher bids at the auction, with the next bid to be in the minimum amount of $410,000.  In order to register to bid, all prospective bidders must provide a good faith deposit in the form of a $100,000 cashier’s check made payable to Delbello Donnellan Weingarten Wise & Wiederkehr, LLP Escrow Account.  Closing must occur within 7 days following entry of a court order approving the sale. Please download the complete Bid Procedures and Terms and Conditions of Sale.

Buyer’s Premium:  A ten percent (10%) Buyer’s Premium will be added to the Successful Bidder’s high bid to determine the contract price to be paid by the Successful Bidder.

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Delbello Donnellan Weingarten Wise & Wiederkehr, LLP, Attorneys for Chapter 11 Debtor and Debtor in Possession

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

The Attorney for the Debtor, the Debtor, the Auctioneer or thier 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.