Offer Deadline December 18, 2023 at 5:00 pm Pacific Time
NDA Deadline December 14, 2023
The Confidential Company’s niche product was launched in 2019. It is sold in the top 10-15 retailers in the US and has a strong E Commerce presence. The product is positioned in the functional beverage category and intersects at the offerings of the wellness and beauty market. It is based on a formula blending tea, herbs and supplements. Sales were $2.8 M in 2022 and was trending to grow 15% in 2023. The minimum bid required is $1M.
The Company is the subject of an assignment for the benefit of creditors.
The prospective Assignee will sell all of the prospective Assignee’s rights in the Company’s tangible and intangible property, including, but not limited to: Inventory, Trademarks, URL’s, Customer Lists, Social Media Networks (Facebook, Instagram, YouTube, Branding Collateral (graphics and verbiage), Trade Secrets, Research and Development, Training Materials and Marketing Material.
Jonathan Wernick of B. RILEY FINANCIAL ADVISORY SERVICES. Phone: 213-409-6237 or email: [email protected], Advisor to the Prospective Assignee.
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