Organic Avenue and all of its assets, including its leased real estate; fixtures, machinery & equipment; intellectual property; etc. is being offered for sale as a turnkey package or in parts.
Keen-Summit Capital Partners is soliciting bids for any of the following transaction structures:
• Sale of business as a turnkey opportunity
• Sale of retail and/or commissary leases in a bulk or individual basis
• Sale of Intellectual Property (i.e., trademark, trade name, website, customer lists, etc.)
• Sale of furniture, fixtures, machinery and equipment
Organic Avenue (or the “Company”) was once the premier grab-and-go destination for organic, plant-based meals and snacks, providing customers with a diverse menu of both hot and cold organic foods available for casual in-store dining or takeout including breakfast, lunch and light dinner options. Building upon the Organic Avenue’s 14-year roots as a leader in the cold-pressed juice industry, the Company made healthy eating easily accessible and delicious.
Organic Avenue had implemented a multi-channel retail strategy supported primarily by its retail stores. In addition, the Company had established a direct-to-consumer e-commerce business as well a variety of wholesale relationships with notable restaurants and sports clubs.
The Company employed approximately 110 people in the retail stores and 120 in the commissary.
NYT Article – How Organic Avenue Lost All Its Juice – 11-5-2015