Big Teddy, LLC

Bankruptcy Auction
re:  Big Teddy, LLC  23-19587

The assets or business of Big Teddy, LLC d/b/a Big Plush are being offered in a single auction lot.  Big Teddy, LLC manufacturers its oversized plush toys from a rented facility in Newark, NJ which is being surrendered to the landlord.  Big Teddy, LLC sells its products exclusively online through e-commerce vendors, such as Amazon, Walmart, Etsy, e-Bay and it's own company website www.bigplush.com.

Assets Consisting of: 

• Trade Name "bigplush.com"
• Intellectual Property 
• Good Will
• Work In Progress & Raw Materials consisting of:
  • Approx. 800 yards of Ass't Plush Fabric
  • Approx. 400 pcs. of Ass't "Plush Animal Skins"
• Manufacturing Equipment Consisting of:
  • (2) Ormont Single Nozzle Toy Stuffing Machines
  • (2) Portable Air Compressors
  • Fabric Layout / Cutting Table
  • Eastman Blue Streak II Straight Knife Fabric Cutter
  • (3) Ass't Sewing Machines 

Terms of Sale

1. AUCTION DATE:  Timed Online Auction Ends:  Tuesday, February 27th, 2024
2. QUALIFICATIONS TO BID:  A $25,000 deposit must be wired and received by auctioneer before 4PM Monday, February 26th, 2024.  
3. OPENING BID:  The opening bid at the auction is $160,000.
4. BALANCE OF PAYMENT:  Payment due within 48 hours of auction.
5. BUYER PREMIUM:  A 15% Buyer Premium applies at this auction and will be calculated on the successful high bid price.
6. BANKRUPTCY COURT APPROVAL:  The auction is being conducted under order of the Federal Bankruptcy Court and the sale is subject to court confirmation.
7. DEFAULT OR BREACH OF CONTRACT:  Seller reserves the right to resell (buyer forfeiting deposit) should the high bidder not pay the balance within 48 hours of the auction.  In the event of a resale, the original high bidder will be responsible for any deficiency in sale price together with any incurred marketing and administrative costs.
8. CONDITION OF TITLE:  These assets of the debtor corporation are being sold “As-Is, Where- Is” with no contingencies.   These assets are being sold “Free & Clear” of all liens & taxes.  
9. DISCLAIMER:  The auctioneer, trustee and attorneys make no representations of any kind regarding these assets.  All bidders are bidding based upon their own due diligence.  It is recommended that bidders consult with an attorney in advance of auction to review these bidding procedures.  While information published in advertising materials are gathered from sources deemed reliable, the auctioneer, trustee and attorneys are not guaranteeing the accuracy of this information.  Sale is based solely on bidders research and due diligence.