Auction Information
Auctioneer LOOMIS GROUP AUCTIONEERS (724) 528-2550
Auction Date Oct 24 Auction
Location
SHARON HONDA CYCLE SALES & SERVICE
265 E. Connelly Blvd.
Sharon, PA
Time 05:00PM
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AuctionZip Auctioneer ID# 8227
    Attached Files    
Auction Brochure (PDF)
PUBLIC INSPECTION DAY:  WED OCT 24TH 3PM TO CONCLUSION  OF AUCTION 
Or by appointment if interested any session, or turnkey business.
DD NOT CONTACT DEALERSHIP, ALL INQUIRES TO LOOMIS AUCTIONEERS, ONLY.
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NEW HONDA DEALER BUSINESS AUCTION
PRIME, ONGOING BUSINESS, OWNER RETIRING 
OUTSTANDING TURN-KEY BUSINESS AUCTION OPPORTUNITY
6,500 SQ. FT. RETAIL FACILITY, LOADED!!!

SHARON HONDA CYCLE SALES & SERVICE
265 E. Connelly Blvd., Sharon, Pa 16146
Since 1960. Owner Retiring. Business As Usual During Auction Process

BIDDING UNDERWAY NOW! INTERNET ONLY!!
CONCLUDES WED., OCT. 24TH, STARTING @ 5:00 PM!
ONLINE AUCTION ONLY

Notice: Due to the very large inventory counting process not completed, inventory coming from another location, and the seller's request: The auction bidding closing day has been extended until Wednesday, Oct 24th. 

CLICK HERE :LINKS TO ONLINE SESSIONS:

Real Estate Only

Complete Inventory of Parts and Accessories Bulk Bid/ INVENTORY LISTING 

Complete Shop Bulk Bid

Complete Cycles, ATV's Vintage Bikes, New & Used Bulk Bid

Complete Showroom Only Inventory

Honda Franchises x 3: Cycle • ATV • Scooter (Side by Side Available from Honda)
* Request a power point of Honda protocol requirements to assume the dealerships
prior to bidding on the Honda Dealerships. Buyer must be able to pass the needed requirements to transfer and assume ownership. The requirements are far softer to assume the existing dealerships (many new criteria items waived, grandfathered in), than applying for a new dealership.
 
Turn Key Business in Entirety


OVERVIEW OF BUSINESS PACKAGE:

* With an approximate business value of over $2.3 Million, Estimated. 

• Prime Corner Commercial Real Estate In Sharon 
• The Highest Traffic Corner In The City 
• 6,500 SQ. FT. FACILITY, LOADED!!
• Retail / Shop, Nice Commercial Building 
• Honda Dealerships Lic X3 (Bidder Must Meet Honda Protocol) 
• NEW HONDA Cycles, ATVs, Scooters 
• New Cycle Inventory 
• New ATV Inventory 
• New HONDA Parts Inventory 
• New HONDA & OTHER Showroom Inventory 
• New Vintage Honda Parts 
• Pre-owned Inventory 
• Vintage HONDA Cycles 
• Turn-key Shop Equipment 
• Turn-key Tool and Shop 
• Like-new Fork Truck
• Several Years of Over $2 Million in Sales!!
• Systems Hardware / Business Support • Fixtures 
• All Branding and Intellectual Property 
• Trademarks 
• Branding • Social Media 
• Vendor and Customer Matrix 
• 1000’s and 1000’s of Previous Customers 
• Excellent Reputation in the Marketplace as One of the Leading Honda Dealers in the Region, for Approx. 50 Years! 
• Huge Amount of Dollars Spent Marketing Throughout the Business History! 
• Many Years of Huge Sales and Profits! 
• A Great 2018 in Progress!! 
• Honda Side-By-Side Franchise Available Directly with Honda!
• Current Owner Training Period

**** APPROX 60 UNITS ***********READ BELOW **** 
Per Seller & Seller Reports : 
Est , more than $130,000.00 retail value of this 
session , lot , per seller's values or original retail values / 
*******************INVENTORY LISTING : **************************** 
NEW : 
2018 0FF ROAD CRF110FJ 
2018 OFF ROAD CRF50FJ /NEW 
2018 OFF ROAD CRF50FJ w TRAINING WHEEELS /NEW 
2017 RUBICON TRX500FA6H /NEW (NO MILES) 
2017 RECON TRX250TMH /NEW (NO MILES) 
2014 RANCHER TRX400FAE /NEW (NO MILES) 
2012 INTERSTATE VT13CTC / NEW (NO MILES) 
2012 SPORTSBIKE CBR250RC / NEW (NO MILES) 
2011 FURY VT13CXB / NEW (NO MILES) 
2010 SABRE VT13CSA / NEW (NO MILES) 
2010 SABRE VT13CSA / DEMO (A FEW LOW MILES) 
2010 MID TOURER / NEW (NO MILES) 

******** USED/ TRADES/VINTAGE/ COLLECTIBLE **************** 
CB750 NIGHTHAWK / 1992 
CB77 SUPER HAWK 305 / 1965 
CT110 ON/OFF ROAD / 1981 
CT90 ON/OFF ROAD / 1967 
CT90 ON/OFF ROAD / 1972 (500 MILES) 
S65 STREET / 1965 
ATC250ES BIG RED / 1987 
CB200 STREET / 1974 
P50 MOPED (RESTORATION) /1968 
NX50M EXPRESS SCOOTER / 1981 
NU50 MOPED / 1982 
CB77 305 SUPER HAWK/ 1965 NEEDS WORK 
NC50 MOPED / 1980 
SCHWIN SCOOTER 
NEEDS REPAIR & PARTS BIKES (OVER 30 UNITS) 
*********** FROM 1959 - 1984 *************************** 

**THE BELOW CYCLES ARE BEING SOLD WITH OUT TITLES. HOWEVER THE SELLER HAS MOST 
TITLES (SINGED BY SELLER ) IN HAND. NOTE* MOST IF NOT ALL DONE BEFORE NEW REGULATIONS IN THE STATE OF PA. THE TRADE OR SELLER (BACK THEN ) JUST SIGNED TITLE 
TO SHARON HONDA SALES, THEN AT POINT OF SALE OR OTHER SHARON HONDA , SIGNED TO NEW 
BUYER. ORIGINAL SELLER DID NOT NEED TO BE PRESENT **** 
** BUYER MAY ASSUME THE PACKET FOR EACH BIKE STILL IN SHARON HONDA POSSESSION ***** 

1987 BIG RED ATC250ES 
1968 MOPED P 50 
1968 P50 MOPED 
1972 CT 90 
1965 S65 STREET 
1975 STREET PARTS BIKE CB1255 
1975 XL100 OFF ROAD PARTS 
1981 C70 SCOOTER 
1983 STREET PART BIKE CM450E 
1982 CM450A STREET PARTS 
1980 MOPED 
1979 XR80 OFF ROAD 
1968 STREET PARTS CL450 
1971 STREET PARTS CB350K3 
1973 OFF ROAD PARTS / XR75K0 
1975 STREET PARTS CB550P 
1984 AERO NH80 
1974 CB360 PARTS 
1977 EXPRESS MOPED NC50 
1973 CB350G PARTS 
1972 CB350F PARTS 
1975 MT250 ON ROAD 
1971 CB100 PARTS 
1882 MOPED NU50 
1976 STREET PARTS CB360 
1973 STREET CL350 PARTS 
1975 STREET CB360 PARTS 
1988 SCOOTER ATC200M 
1984 ATC200M ATC PARTS 
1959-1963 CA95 150 STREET NEED REPAIR 
1950-1963 CA77 305 PARTS 
1972-1973 CT70 PARTS 
1971 SL70 PARTS

Auction Memo: An excellent business opportunity for any aggressive entrepreneur. The founder (father) passed away a few years ago, and the family is retiring from the great business they grew up in, assisting their dad. Moving on to other interests.

Sharon Cycle does not have an aggressive internet presence or online store, and 
marketing. All sales performed at location.

* All bidders must perform their own due diligence to set their own market valuation prior to bidding. This is an estimate provided by Seller. *

All Of The Above For One Bid! Turn-key Offering To The Highest Bidder!


NOTE: IN THE EVENT THE TOP BID IS NOT ACCEPTED BY THE SELLER, FULL INDIVIDUAL LOTS  AUCTION ON ALL ITEMS INCLUDING REAL ESTATE, WILL PROCEED IMMEDIATELY.

TURN KEY BUSINESS / REAL ESTATE AUCTION
INSPECTION / VIEWING DAYS: 
1) Sunday, Sept. 30th, from 1:00 - 2:00 PM 
2) Sunday, Oct. 7th, from 1:00 - 2:00 PM 
3) Wednesday, Oct. 24th, from 3:00 PM to conclusion of auction. 

* Special appointments can be scheduled via Loomis Auctioneers Inc. 

* BIDDER / BUYER NOTICE: 
All inquiries directly to Loomis Auctioneers Inc. Please do not contact the owners or business directly or indirectly.
  
IN THE EVENT THE TURN KEY BUSINESS FINAL BID IS NOT ACCEPTED:
* In the event the auction continues to individual auction lots of all items, inventory, tools, machines, entire inventory:
Est over 2500 lots or more 

INSPECTION VIEWING DAY FOR PUBLIC & DEALERS: 
Sunday, Oct. 21st, from 1:00 - 3:00 PM,
and each auction day, 1 hour prior to conclusion times. 
(ESTIMATED 5 X DAY AUCTION.)

AUCTION PICK UP / INSPECTION LOCATION 
Sharon Cycle Sales & Service 
265 E. Connelly Blvd., Sharon, Pa 16146

(724) 528-2550 / Email: loomisgroupco@gmail.com
SALE DAY LOCATION PHONE (724) 815-1958

General Terms & Conditions: 10% Buyer’s premium applied to all lots, including real estate. All lots sold as is. Cash, certified money, pre-approved check, credit card (3% added processing fee). All lots paid in full by credit card or credit card back up to pay with in 3 business days of end of auction, without exception. DO NOT BID unless you have the ability to pay, and agree to all terms and conditions. 

Real Estate Terms & Conditions: Property Sold AS-IS. 10% Deposit of final bid, auction day. 10% Buyer’s premium added to final bid, auction day. Balance at closing. Guaranteed Clear, Good Title At Closing. Closing Costs: Unless specified in writing, buyer and seller, assume closing costs, split 50% seller / 50% buyer. All current taxes prorated the time of settlement. Any and all delinquent taxes are assumed and paid by seller. All information has been provided by seller. It is the sole responsibility for buyer to perform any and all due diligence, prior to bidding. Bidders / Buyers understand and agree to the terms and conditions, and real estate auction agreement, prior to bidding. Bidders / Buyers agree to "hold harmless" Loomis Auctioneers of any, and all liability, whatsoever. Need financing? Contact Loomis Auctioneers for more info. Real Estate Agent Participation Invited. Need assistance or have questions regarding the auction process? Need lending or other financial info? Call us regarding the FAQ’s. How do I bid? Do we need all the money auction day or at the closing of auction? Not at all, only the deposit and buyer's premium. The balance at closing. Can we have an extension for closing? Yes, for qualified buyers. Call us, we can answer all the questions, we love to talk to our bidders!

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