Adult Entertainment Wholesale Inventory Also Fixtures and Equipment & Accounts Receivable Assets of Ryan East, LTD.

13488_ryaneast_warehouse2.jpg

Listing Details

Sold Price
$30,000
Auction Date
Auction Time
10:30 AM
Address
6325 Erdman Avenue, Baltimore, MD, 21205
County
Baltimore City
Scroll down for Complete Details, including: property description and Terms of Sale.

Stuart R. Rombro, Attorney
Rosenberg Martin Greenberg, LLP
25 S. Charles Street, Suite 2115
Baltimore, MD 21201-3305

SECURED CREDITOR'S AUCTION

ADULT ENTERTAINMENT
WHOLESALE INVENTORY

Also Fixtures and Equipment
& Accounts Receivable

- Assets Of -
RYAN EAST, LTD.
6325 Erdman Avenue

Baltimore, MD 21205

Sale On Premises
WEDNESDAY, APRIL 1, 2009
AT 10:30 A.M.

For directions from your location, visit: maps.google.com


        Pursuant to a Financing Statement and Security Agreement, by and between Ryan East, Ltd., Debtor to A.E. Holding Co., Inc., Secured Party, recorded among the Delaware Depart of State, UCC Filing Section, on January 6, 2006, Initial Filing No. 6016455-8, the Secured Party will sell at public auction to the highest bidder(s) the following:

        INVENTORY (To Be Sold As One Lot – no detail sale) - novelty rubber goods and sex toys (approximate wholesale cost $107,344) and remainder (out-of-date) x-rated magazines (approximate wholesale cost $84,800).

Photos of auction property
INVENTORY PHOTO #1    PHOTO #2     PHOTO #3   
PHOTO #4    PHOTO #5    PHOTO #6


        ACCOUNTS RECEIVABLE: Approximately $109,734, of which approximately $48,000 is current and the balance is over 30 days in arrears.

        FIXTURES & EQUIPMENT: Adjustable steel shelving, 2 - shrink wrap machines, miscellaneous shop carts and furniture.

Photos of auction property
SHRINKWRAP MACHINE #1    SHRINKWRAP MACHINE #2
WAREHOUSE PHOTO #1    PHOTO #2


        TERMS OF SALE:  Full payment in cash or by certified or cashier's check will be required of the purchaser at time and place of sale.  Company checks will be accepted with approved bank letter of guarantee - contact auctioneers for proper form.  Immediate removal required pursuant to pre-sale announcement.  Please, no children permitted.  No buyer’s premium.  Manner of sale to be announced on premises.


No Buyer’s Premium