Restaurant Real Estate & Equipment Auction - Aug. 20 @ 4 P.M

WMS Auction Services

 

Date(s) 8/17/2018 - 8/20/2018

Mon. August 20 @ 4 P.M.

Past Auction
Bidding Notice:

Auction Company Not Responsible For Bids Not Submitted in case of Internet Connection Interruption.

Auction Information
Name Restaurant Real Estate & Equipment Auction - Aug. 20 @ 4 P.M
Auctioneer
Type Live Webcast Auction
Date(s) 8/17/2018 - 8/20/2018
Auction Date/Time Info
Mon. August 20 @ 4 P.M.
Preview Date/Time INSPECTION: Mon. August 13 (4-5PM)
Checkout Date/Time Mon. August 20 @ 4 P.M.
Location
Buyer Premium 20% Buyers Premium
Description
Public Auction Mon. August 20 @ 4 P.M. Sycamore, OH Restaurant Real Estate & Contents Located: 111 N. Sycamore Ave., Sycamore, Ohio Real Estate: Live & Online Bidding Available! 2,200 sq. ft. downtown retail building current use was for food service. The building offers a open 1st level floor plan w/apartment potential on 2nd level. All on a 60’ x 180’ lot. TERMS: A nonrefundable down payment of 10% of high bid is due auction day with cash or check, balance due at closing within 45 days. Taxes: Prorated. Possession: At closing. INSPECTION: Mon. August 13 (4-5PM) Restaurant Equipment: (2) Middleby Marshall PS200 Conveyorized Pizza Ovens; Refrigerated Prep Tables; Acme Dough Roller; Tri-Star Double Basket Fryer; US Range 2 Burner w/Griddle; 8’ x 10’ Walk-in Cooler; Beverage Air 3 Door Reach In Freezer; Comstock Castle 6 Burner Range / Oven; 3 Compartment Sink; Can Rack; Cook Line & Pizza Oven Hood Systems. Many more restaurant & household items not listed. Terms: Cash, Check or Credit Card. 4% convenience fee for credit cards. Note: Real Estate Sells First. Owner: Norma J. Riedel Paul Wagner, Auctioneer Thomas D. Brause, Apprentice Auctioneer – Lic. #2005000162 WMS Marketing Services 1400 E. Wyandot Ave. Upper Sandusky, OH 43351 Phone: 419-294-4366 – paul@wmsohio.com
REAL ESTATE TERMS: A nonrefundable down payment of 10% of high bid is due auction day with cash or check, balance due at closing within 45 days. Taxes: Prorated. Possession: At closing. PERSONAL PROPERTY: Terms: Cash, Check or Credit Card. 4% convenience fee for credit cards. Buyers are responsible for ALL removal and disassembly of items at buyers own risk. All items must be removed by Tues. September 4, 2018. Online Bidders: 20% Buyers Premium plus 4% for credit card convenience fee. BIDDER CONTRACT & TERMS This BIDDER CONTRACT is entered into between the Bidder & the Auctioneers. Bidder agrees that the terms listed below shall govern this auction and he/she agrees with them. Additional terms may be posted or announced from the auction block which are just as binding as the below terms. 1. FULL PAYMENT: All items must be paid for in full before Bidder leaves the premises. Nothing may be removed until it is settled for. Payment for purchases must be made by cash, check, credit card or money wire unless otherwise announced by the Auctioneers, Letters of Credit or Guarantee must be for this auction only, along with proof of identity. All sales are subject to the state sales tax laws. Bidder agrees not to stop payment on checks or disallow a sight draft and is responsible for any expenses due to collection of a bad check. In the event of non-payment of a bad check, the Auctioneers reserve the right to repossess, at any time, at your location, the merchandise involved. 2. NO WARRANTY: ALL ITEMS ARE SOLD AS IS, WHERE IS, WITHOUT GUARANTEE OF ANY KIND. The descriptions of items in advertising prior to this auction are believed to be correct. Nevertheless, neither those descriptions nor any oral statements made by the Owner (or his agents) or the Auctioneers (or their agents) concerning any item shall be construed as a warranty, either expressed or implied. I, the Bidder, have examined this merchandise and accept it the way it is. 3. DISPUTES: The Auctioneers shall designate the winning bidder after each item is auctioned. If a dispute arises, the Auctioneers reserve the right to reopen the bidding. The Auctioneers’ designation of a Buyer shall be final. 4. BUYER’S RESPONSIBILITY: After a bidder has won the bid with his/her high bid, he/she may have become the new owner of the item, even though he/she may not have paid for the item yet. The item(s) becomes the full and sole responsibility of the Buyer at this point, and Buyer assumes all risk of loss and damage. Buyers should guard their items accordingly. 5. INJURY AND DAMAGE: Bidder acknowledges responsibility for any personal injury or property damage caused by Bidder or his agent, and further agrees to hold the Auctioneers harmless from any personal injury to himself or his agents and any property damage incurred on auction premises. 6. AGENTS ONLY: The Auctioneers are acting as the Owners’ agents only. 7. ADDITIONAL TERMS: Additional auction specific terms may apply. See registration for details. 8. Auctioneer, staff and seller reserve the right to bid / participate in the auction in the case they have a bona fide intent to purchase items.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 95.00 5.00 USD
95.01 - 975.00 25.00 USD
975.01 - 9,750.00 250.00 USD
9,750.01 - 97,500.00 2,500.00 USD
97,500.01 - 9,999,999.99 10,000.00 USD
Currency USD
Buyer Premium 20% Buyers Premium
Payment Terms
REAL ESTATE TERMS: A nonrefundable down payment of 10% of high bid is due auction day with cash or check, balance due at closing within 45 days. Taxes: Prorated. Possession: At closing. PERSONAL PROPERTY: Terms: Cash, Check or Credit Card. 4% convenience fee for credit cards. Buyers are responsible for ALL removal and disassembly of items at buyers own risk. All items must be removed by Tues. September 4, 2018. Online Bidders: 20% Buyers Premium plus 4% for credit card convenience fee.
LOCAL PICKUP ONLY. Buyer responsible for pickup and removal at buyers own risk. PICKUP TIMES: All items must be removed by Tues. September 4, 2018. If shipping is required. Buyer will be charged a $25.00 service charge per buyer. Small items that can be packaged and shipped will be taken to our local shipping store for buyers to cooridinate shipping at their own expense. Auction company will not package any items for shipping. Contact auction company for details on large item shipping cost.
Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.