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PUBLIC NOTICE OF UCC ARTICLE 9 SALE: MODULAR DWELLING COMPANY – UTAH BASED

Notice of UCC Article 9 Sale

**Sale Managed by ThreeSixty Asset Advisors

Subject Company designs, sells, delivers, and installs modular dwelling units. Company leverages a network of contractors, consultants, and manufacturers to offer a turn-key experience for its customers. Company’s primary market since its inception was to sell its homes as Accessory Dwelling Units (ADU’s). However, Company has recently expanded its service offering to include developers looking to purchase bulk orders of modular units.

Company has 3 modular home products (studio, 1-bed, 2-bed) that have California Statewide approval and are listed on the San Jose and Los Angeles pre-approved plans. In addition to their core products, Company designs custom units, both modular and on-chassis, for developers purchasing bulk orders.

Since inception in 2019, Company has sold over 100 units and generated over $7MM in revenue.

Collateral Includes, but is not limited to:

  • 1 Bedroom ADU (located in Canada)
  • Accounts Receivable
  • Pending Customer Transactions
  • 3 Architected & Engineered Modular Unit Designs w/ statewide modular certification in California and Utah
  • Trademark, Website & Domain
  • Customer Lists
  • Vendor Lists/Contract
  • Marketing Materials

For more information and a link to the Non-Disclosure Agreement, go to: https://360assetadvisors.com/events/modular-dwelling-company/

**Please do not disturb the business; Any and all inquiries must be made to ThreeSixty.

 

SALE DATE(S) & TIME(S)

Live Online Webcast Auction: Friday, September 22 starting at 10:00 am MT

PREVIEW DATE(S) & TIME(S)

Contact [email protected] for diligence requests

 

 

IMPORTANT INFORMATION

Sale Terms & Procedures

To participate in the sale:

NON-DISCLOSURE AGREEMENT: You must complete a non-disclosure agreement, before receiving additional information.
DUE DILIGENCE: Bidders must conduct their own due diligence. However, ThreeSixty will attempt to support any information requests made… Please do not disrupt anyone at the business.
BIDDING QUALIFICATION: Interested Parties will need to Qualify for participation. complete all registration forms required by Auctioneer completely and accurately by the deadline therefor prescribed by Auctioneer, acknowledge, accept and agree with the Terms and Conditions of Sale, accept the provided asset purchase agreement template (including all exhibits, schedules, and attachments thereto) as the approved and acceptable asset purchase agreement (the “Purchase Agreement”) to be signed upon the award of bid to the winning Qualified Bidder, provide a wire transfer to ThreeSixty no later than 3p MT on September 21 in the amount of $50,000 (the “Deposit”); contact ThreeSixty for wire instructions, and provide proof of financial capability to close on the Assets (pursuant to and in accordance with the Terms and the Purchase Agreement) in a form acceptable to Auctioneer and Secured Lender.
PUBLIC SALE: While the opportunity is open to the public, only Qualified Bidders will be provided the sale location or access to the online bidding
TERMS OF SALE: Available at: https://360assetadvisors.com/events/modular-dwelling-company/

Contact Information

Jeff Tanenbaum | Direct: 720-704-5421 | [email protected]

**ThreeSixty Asset Advisors assists distressed companies and their fiduciaries with the sale of machinery, equipment, wholesale inventories, real estate, intellectual property and turnkey business operations. For more information go to 360assetadvisors.com or call 888.345.SOLD, ext 117

About DailyDAC

DailyDAC™ is the internet's oldest, most trusted, and most widely used provider of public notices of asset sales and case commencements, and other important notices involving companies in financial distress in the United States and Canada. DailyDAC™ public notices are used by bankruptcy trustees, chapter 11 debtors in possession, federal and state court receivers, assignees for the benefit of creditors, auctioneers, and secured parties disposing of their collateral under the Uniform Commercial Code or other state law trust (and their respective auction firms, law firms, and other agents). Learn more.

Many sales of distressed companies and distressed business assets are not widely advertised. If you are buyer of such companies or assets, you may be well served by becoming a paying subscriber to Distressed Deal Data™. Find out more.

The DailyDAC Editors

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