Prospector
Profile
1001-01
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| Avado Brands, Inc. |
NAICS |
722110 |
| 150 Hancock Street
Madison, GA 30650 |
Description |
Restaurants |
| (706) 342-4552 |
Employees |
14000 |
| http://www.avado.com/ |
Revenue |
(mil) |
441.6000 |
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Income |
(mil) |
-63.4000 |
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Assets |
(mil) |
301.3000 |
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Liability |
(mil) |
297.9000 |
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(for the year ended 2002-12-29) |
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Category:
Section 363 Sales
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Event:
Avado Brands Inc. intends to ask the U.S. Bankruptcy Court for the District of Delaware for permission to set up procedures for the sale of its assets, Bill Rochelle of Bloomberg News reports. Although no buyer is under contract, Bloomberg says the Debtor is looking forward to a Nov. 14, 2007 auction sale of its assets. The Debtor proposes that bids be due by Nov. 7. The Debtor also proposes that a hearing to consider the results of the sale be held on Nov. 20.
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Intellectual Property:
The Company has registered the principal trademarks and service marks used by its restaurant brands with the United States Patent and Trademark Office, including Don Pablo's Mexican Kitchen and Hops Grillhouse & Brewery. The Company believes that its trademarks and service marks are integral and important factors in establishing the identity and marketing of its restaurant brands. [SEC Filing 10-K 12-29-02]
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Description:
The Company, also known as Applesouth, operates about 120 casual dining restaurants under the banners Don Pablo's Mexican Kitchen and Hops Grillhouse & Brewery.
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Officers:
Tom E. DuPree, Jr. (CEO); Louis J. Profumo (CFO)
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Auditor:
KPMG LLP
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Attorneys:
Greenberg Traurig LLP; Wilmington, Del.; (302) 661-7000
Donald J. Detweiler, Esq.
Sandra G.M. Selzer, Esq.
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Securities:
33,123,090 common shares outstanding as of January 5, 2004.
11.75% senior subordinated notes; 9.75% senior notes.
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