Description
Bankruptcy Auction – Sale of MunnWorks LLC, a subsidiary of Applied UV, Inc. Bid Deadline: Sept. 5; Auction: Sept. 10; Minimum Bid $780,000. Bankruptcy Auction Sale of 100% of the Limited Liability Membership Interest in Applied UV subsidiary: MunnWorks LLC. In re Applied UV, Inc., Debtor-in-Possession. Ch 11 Bankruptcy Case #24-22462 (SHL) US Bankruptcy Court Southern District of New York (the “Court”)
MunnWorks (not in Chapter 11) has approximately 75 employees and is one of a few domestic manufacturers of custom designed fine mirrors and furniture specifically for the hospitality industry with one manufacturing facility in Mount Vernon, New York and another manufacturing facility in Brooklyn, New York. Last year it generated revenues of approx. $18m. Its goal has been to manufacture better framed mirrors and customized furniture on budget and on time. As part of its long-term strategy, the Company has instituted multi-site production for high-value items, complicated designs and finishes. The Company works with a satellite network of artisans and craftsmen, including gilders, carvers, and old-world finishers. In addition, the company imports from China backlit mirrors & furniture specifically for the hospitality industry. For more info, see: www.MunnWorks.com
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Auction Information
Property Information
* Requires confirmation of Online Agreement
- Buyers Premium:
10%
- Deposit Amount:
5%
- Broker Co-op:
NA