https://www.bizjournals.com/washington/news/2018/02/23/chantilly-gun-range-files-for-chapter-11-after.html
By Rebecca Cooper – Senior Staff Reporter, Washington Business Journal
Feb 23, 2018, 7:33am EST Updated Mar 6, 2018, 9:14am
Chantilly indoor target range and firearms retailer Blue Ridge Arsenal has filed for Chapter 11 bankruptcy protection, listing assets of less than $500,000 and liabilities of nearly $1.5 million.
The largest of those liabilities relates to a sister property Blue Ridge operated in Ashland, Virginia, outside of Richmond, which closed in August. There’s an $816,800 disputed judgment for the lease guaranty for that location, according to the Chapter 11 petition, which was filed Feb. 9 in the U.S. Bankruptcy Court for the Eastern District of Virginia.
Blue Ridge Arsenal at Winding Brook LLC, which ran the Ashland location, filed for Chapter 7 bankruptcy liquidation in September.
Blue Ridge Arsenal CEO Earl Curtis said the Chapter 11 case is “just a reorganization,” and the Chantilly location will not close. He declined to comment further.
Blue Ridge’s recent troubles began in July, when the Ashland location closed abruptly. The landlord there, Winding Brook Range LLC, sued the company for unpaid rent and later reopened the business under its own management, according to a report in Richmond BizSense.
Other liabilities listed on the Chantilly range’s Chapter 11 include $113,668 to Access National Bank, more than $86,000 to several firearms and ammunitions suppliers and about $36,000 to HVAC and air filtration providers. There are also two business loans of $100,000 each, one of which was provided by Sharad Gupta, a principal of Winding Brook Range LLC, according to Virginia incorporation records.
Blue Ridge Arsenal has operated in Chantilly since 1989, and Curtis and his wife, Deborah, bought the business in 2002, according to a Richmond BizSense article about the Ashland location’s opening. Curtis is one of a relatively small number of black gun shop owners, according to website Shoppe Black. The Ashland location was a high-profile addition to the range community when it opened, with 24 lanes and a reportedly $5 million buildout. The spot was also conveniently located next door to outfitter Bass Pro Shops.
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A hearing on a motion to continue to pay employees during the Chapter 11 proceedings is scheduled for March 6.