Daily News: July 15, 2016

Tiger Group to Hold Online Auction of Supermarket Assets

Tiger Capital Group’s Commercial & Industrial division will conduct an online auction on July 21 for the assets of Ranchito Supermarkets, a Latino market that served northern Orange County, CA shoppers with fresh produce, fresh meat, traditional Mexican hot foods and freshly baked goods.

The sale will include bakery, deli, meat, seafood and tortilleria equipment, refrigerators and walk-in freezers, sales floor fixtures, checkout equipment, backroom equipment and vehicles.

Online bidding will commence online July 14 and will close in rapid succession, live auction style, on July 21, beginning at 10:30 a.m. (PT). Previews of the assets will be held July 20 from 10:00 a.m. to 4:00 p.m. (PT) at the supermarket, located at 5952 Westminster Avenue, in Westminster, CA.

“Supermarkets, restaurants, delicatessens, bakeries and specialty food stores will be interested in the assets up for bid,” said Wayne Hecht, Field Operations Manager at Tiger Group’s Commercial & Industrial division. “This auction offers a great opportunity for food retailers and restaurants to acquire a wide range of well-maintained equipment for selling, preparation and backroom areas.”

ARJL, d/b/a Ranchito Supermarkets, filed for Chapter 7 voluntary bankruptcy on April 7, 2016 in the California Central Bankruptcy Court.