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UNITED STATES BANKRUPTCY COURT 

SOUTHERN DISTRICT OF FLORIDA 

MIAMI DIVISION 

www.flsb.uscourts.gov

In re: 

 Chapter 11 

A&E ADVENTURES LLC,1 Case No. 21-19272-LMI 

 

Debtor. 

_______________________________/

CHAPTER 11 CASE MANAGEMENT SUMMARY 

In compliance with Local Rule 2081-1(B), the Debtor-in-Possession, A&E Adventures 

LLC (“GameTime” or the “Debtor”), files this Chapter 11 Case Management Summary and states: 

The following data represents approximations for background information only and the 

information represents the Debtor’s best estimate in response to some of the ensuing questions. 

1. Date of Order for Relief under chapter 11 (filing date of petition if voluntary chapter 

11 petition): September 24, 2021. 

2. Names, case numbers and dates of filing of related debtor: None. 

3. Description of the Debtor’s business: The Debtor, operating as GameTime, is a 

family entertainment destination with fun indoor amusements offering a full-service dining 

experience and full liquor sports bar in Miami, Fort Myers, Daytona, Ocoee, Tampa and 

Kissimmee where customers can play over 100 interactive games in the Mega Arcade. Customers 

can enjoy a delicious lunch or dinner and watch any game on over 60 HDTV’s. GameTime can 

also host large gatherings with full banquet services. 

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 The Debtor’s current mailing address is 5000 Oaks Rd, Unit H, Davie, FL 33314. The Debtor’s EIN is 43-2110385. 

Case 21-19272-LMI Doc 16 Filed 09/28/21 Page 1 of 6
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4. Locations of t he Debtor’s operations and whether the business premises are 

leased or owned: All business premises (including store locations) are leased. The Debtor owns no 

real property. The following is a list of leased locations: 

a) Clearwater - 27001 US Hwy 19 N, Clearwater, FL 33761 

b) Daytona - 250 Daytona Blvd., Daytona Beach, FL 32114 

c) Fort Myers - 10037 Gulf Center Drive, Ft. Myers, FL 33913 

d) Kissimmee - 3241 Margaritaville Blvd., Kissimmee, FL 34747 

e) Miami – 5701 Sunset Dr. South Miami, FL. 33143 

f) Ocoee - 9441 W Colonial Dr., Ocoee, FL 34761 

g) Plantation - 8000 W Broward Blvd #100, Plantation, FL 33388 

h) Tampa - 1600 East 8th Ave., Tampa, FL 33605; and 

i) Office (HQ) – 5000 Oakes Rd., Unit H, Davie, FL. 33314 

5. Reasons for filing chapter 11: The Debtor operates six GameTime locations in 

Florida. An additional two locations are under development. In connection with the COVID-19 

pandemic, the Debtor’s sales declined during the 12-months following the government mandated 

shutdown for COVID-19 by approximately 62% compared to the 12-month period prior to the 

shutdown. Though sales have improved over 2020, there is no assurance that sales will continue 

to improve, as the duration and severity of the COVID-19 pandemic and its effects remain 

uncertain. Adequate staffing has also proven difficult. As a result of the decreased sales, the Debtor 

began lease modification negotiations with its landlords. While these lease negotiations have been 

ongoing, they have not been concluded, and it is the Debtor’s business judgment that negotiations 

will be more productive in the context of the Debtor’s reorganization. Relatedly, the Debtor has 

accrued unpaid rent obligations of approximately $3,300,000, thus necessitating bankruptcy in 

order to reject certain leases if necessary and restructure the Debtor’s corresponding debt. 

6. List of officers and directors, if applicable, and their salaries and benefits at the time 

of filing and during the 1 year prior to filing: There is only one officer: Michael Abecassis, 

Case 21-19272-LMI Doc 16 Filed 09/28/21 Page 2 of 6
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Managing Member. Mr. Abecassis does not receive a salary. The Debtor pays Mr. Abecassis’ 

health insurance family coverage, a $1,702.19 monthly benefit. 

7. Debtor’s fiscal or calendar year to date gross income and the Debtor’s gross income 

for the calendar or fiscal year prior to the filing of this petition: 

a) Gross income to date 2021 is estimated at $12 million; and 

b) Gross income for the calendar year 2020 is estimated at $7 million. 

8. Amounts owed to various creditors: 

a) Obligations owed for priority taxes: Approximately $1,386.30 in sales tax 

to Miami-Dade County.

b) With respect to creditors holding secured claims, the name of and amounts 

owed to such creditors and a description and estimated value of all collateral of the Debtor 

securing their claim: Live Oak Banking Company (“Secured Lender”) and the U.S. Small 

Business Administration (“SBA”) have a blanket lien on the Debtor’s collateral valued at 

approximately $29,850,000.00. Secured Lender is owed approximately $8,439,351.28 plus 

interest, and the SBA is owed approximately $500,000.00 plus interest. 

c) Amount of unsecured claims: approximately $7 million, including rents, 

and approximately $3,118,901.15 due and owing to Live Oak Banking Company pursuant 

to an unsecured term loan and an unsecured SBA PPP loan serviced by the Secured Lender. 

9. General description and approximate value of the debtor’s assets: 

a) Cash on hand and on deposit in bank accounts: approximately $4 million; 

b) Retail inventory (estimated as of 9/24/2021): $350,000; 

c) Various furniture, fixtures, equipment, vehicles, and supplies, valued at 

approximately $6 million, subject to appraisal; 

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d) Leasehold improvements valued at $18 million; and 

e) Deposits held in Trust/Court Registry valued at $1,500,179.60. 

10. List of all insurance policies, the property covered under the policy, the name of the 

insurer, the policy number, amount of coverage, whether the premium is current, the date the next 

premium is due and date the policy expires: see Schedule of Insurance Policies attached as Exhibit 

A. 

11. Number of employees and amounts of wages owed as of petition date: As of the 

Petition Date, the Debtor employs a total of 232 employees, of which 64 are full time and 168 are 

part time, who are owed an aggregate of approximately $230,000.00 of net wages and resulting 

taxes prepetition. 

12. Status of Debtor’s payroll and sales tax obligations, if applicable. This does not 

eliminate the obligation of chapter 11 debtor (other than individuals not engaged in business) to 

provide the more detailed payroll tax information required by Local Rule 2081-1(A): the Debtor’s 

payroll and sales taxes obligations are paid through their respective due dates. There may be some 

taxes due for the period from the last due date to the Petition Date which are unknown at this time. 

13. Anticipated emergency relief to be requested within a few days (First Day Motions): 

a) Debtor’s Emergency Motion for Authorization to Pay Certain Prepetition 

Employee Obligations and Maintain and Continue Employee Benefits and Programs [ECF 

No. 6]; 

b) Emergency Motion of the Debtor for Interim and Final Orders (I)

Authorizing Debtor to Utilize Cash Collateral Effective as of September 24, 2021 (II) 

Granting Adequate Protection and (III) Scheduling Final Hearing [ECF No. 12]; 

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c) Debtor’s Emergency Motion Pursuant to Sections 105(a), 363(b), and 

503(b)(1) of the Bankruptcy Code for Authorization to Honor Certain Prepetition Customer 

Programs ECF No. 7]; 

d) Debtor’s Emergency Motion to Treat American Express as a Critical 

Vendor and Authorizing Payment of Prepetition Claim [ECF No. 13]; and 

e) Application of the Debtor for an Order, on an Interim Basis, Authorizing 

the Employment and Retention of Meland Budwick, P.A. as Attorneys for the Debtor and 

Debtor-In-Possession Effective as of the Petition Date [ECF No. 5]. 

Dated: September 28, 2021. 

s/ James C. Moon 

James C. Moon, Esquire 

Florida Bar No. 938211 

jmoon@melandbudwick.com 

Meaghan E. Murphy, Esquire 

Florida Bar No. 102770 

mmurphy@melandbudwick.com

MELAND BUDWICK, P.A. 

3200 Southeast Financial Center 

200 South Biscayne Boulevard 

Miami, Florida 33131 

Telephone: (305) 358-6363 

Telecopy: (305) 358-1221 

Proposed Attorneys for Debtor

Case 21-19272-LMI Doc 16 Filed 09/28/21 Page 5 of 6
Named Insured Type of Insurance Insurance Carrier Policy Number Policy coverages and limits of liability Term

A&E Adventures LLC. Vehicle StateFarm J35 1142‐D23‐59A 10/23/2021 Ford Transit

A&E Adventures LLC. Vehicle StateFarm 776 8785‐D02‐59F 10/2/2021 Hyundai Santa Fe

A&E Adventures LLC. Vehicle StateFarm D17 0482‐C26‐59C 3/26/2022 Hyundai Sanata

A&E Adventures LLC. Vehicle StateFarm D89 0561‐C06‐59B 3/6/2022 Hyundai Elantra

A&E Adventures LLC. Vehicle StateFarm 346 9921‐B20‐59I 2/20/2022 Model Y

A&E Adventures LLC. Vehicle StateFarm 640 5098‐D23‐59E 10/23/2021 Model 3

A&E Adventures LLC. Vehicle StateFarm G88 8473‐E26‐59 11/26/2021 Model 3

A&E Adventures LLC. Workers Comp AmTrust Noth America TWC3943660 12/31/2021

A&E Adventures LLC. General Liability

McGowan Allied Speciality Insurance / Everest 

National Insurance Company SI8GL01644211 $                                                     5/30/2022 1,000,000.00

A&E Adventures LLC. Excess Liability

McGowan Allied Speciality Insurance / Everest 

National Insurance Company SI8EX013558211 $                                                    5,000,000.00 5/30/2022

A&E Adventures LLC. Property Insurance Lloyds of London W2FCE1210101 By venue 7/29/2022

A&E Adventures LLC. Flood Insurance Hartford Fire Insurance Company 87061155522019 Only Daytona 8/27/2022

EXHIBIT A

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