This is an exciting opportunity to win at auction a turnkey restaurant opportunity that is nestled in between a new Spring Hill Suites that is scheduled to open in Late November 2009 and an always busy Cracker Barrel Restaurant amongst several other establishments.

The restaurant is located conveniently at the off ramp of 275 and Winton Road. This structure was originally built in 1991 and has 6060 square feet. This structure sits on 1.539 acres that includes ample parking and a shared easement with the Spring Hill Suites Hotel. Parking can accommodate 82 parking spaces. Restaurant can sit 225 persons.

Included in the auction are all furnishings including two large walk ins, several prep tables, True sandwich block, 8 flavor drink dispensers with ice containers and stations, Taylor Ice Cream maker, Several Sinks, triple, double and single, Ice Machine, Dishwasher System, Fryers, Line with Hoods, bar area, reception area, salad bars (5) and much more. See pictures to see interior area, this restaurant is very spacious.

DOWNPAYMENT: The high bidder shall sign a Contract To Purchase and make a down payment of 10% of the contract amount immediately at the conclusion of the auction. The down payment will be accepted by cash or check.
Purchaser shall also sign the “Personal Demand Note” for the full contract purchase amount. The property is selling in its as is condition.

CLOSING & POSSESSION: Closing for this property shall be on or before December 11th, 2009 Time is of the essence.

BUYERS PREMIUM: A Standard ten percent buyer premium will be added to the high bid to determine the purchase amount.

CO-OP COMMISSION: Semple and Associates, Inc. offers up to a 3% co-op commission to any licensed real estate agent who procures the purchaser, acts as a buyers agent, and whose client closes on the transaction. Agents MUST be licensed in the State the property is located in and MUST register their client on the auction firms forms on or before November 10, 2009 @ 1:00 PM EST.

BROKER / AGENT PARTICIPATION FORMS

DISCLAIMER: Any desired inspections including but not limited to “Whole House, Termite, Furnace, Roof, Etc. MUST be completed by prospective purchasers prior to auction. Information contained herein was obtained from sources deemed reliable. However neither Semple & Associates or their agents will be responsible for errors or omissions herein. Bidders should carefully verify all information and make their own decisions as to accuracy thereof before submitting their bid(s). All properties are subject to additions, deletions, and prior sale.
This property is selling “As-Is, Where-Is” with no warranties expressed or implied.

High bidders on each property have an insurable interest in the property and are advised to place vandalism insurance on their purchase(s).

Note: Most of the information on each property was derived from the County Auditor Website and other public information areas. The auction firm and its’ staff members disclaim any liability for erroneous information. Prospective purchasers are encouraged to conduct their own research on the properties in which they are interested. All properties are subject to withdrawal.

Auction Manager: Greg Breitfelder: 513-207-0967

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