Southern Season Seeks IMMEDIATE Acquisition to Exit Ch. 11 Bankruptcy

Chapel Hill, NC (Orange County)

Southern Season Seeks IMMEDIATE Acquisition to Exit Ch. 11 Bankruptcy

Asking Price:N/A

Cash Flow:N/A

Gross Revenue:N/A

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:1975

Southern Season Seeks IMMEDIATE Acquisition to Exit Ch. 11 Bankruptcy

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Business Description

Southern Season, Inc., (the “Company”) a debtor in the United States Bankruptcy Court for the Middle District of North Carolina (Case No. 16-80558) has retained 321 Capital Partners to find an investor or buyer.

Founded in 1975, Southern Season is the premier retail destination for specialty food, gift and entertainment items.

The Company operates four store locations, one of which includes a restaurant and substantial ecommerce operations. The Company offers approximately 80,000 SKUs in the specialty food, beverage, and housewares segments.

QUICK FACTS:
• This opportunity is TIME SENSITIVE
• 4 Store Locations throughout NC & SC
• $30MM in Annual Sales (2015)
• $16MM in Chapel Hill, NC location
• Projected to Break-even in 2016
• Stalking Horse Bids now being accepted

CURRENT SITUATION:
Due to severe cash constraints on the business, 321 Capital is running an expedited process, soliciting a stalking horse bid in a 363 sale process and the auction is pending court approval and timing. If you have interest in this opportunity, we urge you to contact 321 Capital Partners immediately.

Attached Documents


Detailed Information

Facilities:
Founded in 1975, Southern Season is the premier retail destination for specialty food, gift and entertainment items. Company HQ and flagship store are both located in Chapel Hill, NC. The Company operates four store locations throughout NC and SC, one of which includes a restaurant and substantial ecommerce operations.
Competition:
The Company offers approximately 80,000 SKUs in the specialty food, beverage, and housewares segments. Unique products can not be found just anywhere. Great opportunity for a new buyer.
Growth & Expansion:
Great opportunity to expand and grow nationally with the right buyer. Niche retail establishment has unique and fine food and gift items.
Reason for Selling:
Seeking immediate acquiror to exit Ch. 11 Bankruptcy and continue operations

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Erv Terwilliger

Business Listed By:
Erv Terwilliger

Three Twenty-One Capital Partners

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