Turn Key Restaurant/Bar Online Only Auction

ONLINE ONLY RESTAURANT/BAR AUCTIONVels Amigos Turn-Key Restaurant/Bar AuctionBIDDING ENDS: TUESDAY, AUGUST 22ND, 2017 AT 1:00 P.M.Incredible Opportunity to Purchase a Turn-Key Restaurant/BarOPEN HOUSE/INSPECTIONTuesday, August 1st from 11:00 A.M. 1:00P.M. or contact the Auction Co. for a private inspection.PROPERTY DESCRIPTIONVels Amigos is one of the areas most successful & popular dining establishments. After 33 years of operation, the Sellers wish to retire and offer this profitable business to new owners. This sale is being offered as a Turn-Key package and will include the real estate, all of the fixtures and restaurant/ bar equipment. The business currently operates 6 days a week, has ample parking and is located along Business Hwy. 61. The owners are willing, as a condition of the Sale, to stay on for an additional 30 days to assist the new owners and get them introduced to their customers and vendors. This is not a business in distress, it is a once in a lifetime opportunity to purchase a popular business with a strong customer base.COMMERCIAL EQUIPMENTDetails Coming Soon! TERMS & CONDTIONSMethod of Payment: Cash, if obtaining financing have financing prearranged prior to Auction, bidding is not contingent upon lender inspection, appraisal or any other contingencies. A nonrefundable earnest money deposit of $15,000 will be required at the end of the auction, with balance due on or before September 22, 2017.Acceptance of Bids: Successful bidder will be required to enter into a purchase agreement immediately following the close of the auction. The Seller reserves the right to accept or reject any bids.Conditions: This sale is subject to all easements, covenants and restrictions of record. Seller will stay on for an additional 30 days after closing, but no more than 20 hours per week to assist with transition. Buyers are not buying the Sellers corporation, but will be allowed to continue doing business as Vels Amigos. The sale does not include any personal photographs on wall, Air Force & Kansas City Chiefs sports memorabilia, leased equipment, alcohol or any perishables.Real Estate Taxes: Taxes will be prorated to the date of closing.Title: The Seller will provide a current abstract of title at their expense continued to the auction date. Survey: The property will not be surveyed. If the Buyer or Buyers lender requires a survey it will be at the sole cost of the Buyer.Possession: Possession will be given at closing upon payment in full.Property Condition: The property will be selling As Is, Where Is, with NO warranty being expressed or implied as to the physical condition of the real estate, fixtures or equipment, available permits or zoning.Agency: Fraise Auction & Real Estate and their representatives are exclusive agents of the Seller.Disclaimer and Absence of Warranty: The information provided herein was obtained from sources deemed reliable, but neither Fraise Auction & Real Estate nor the Sellers make any guarantees or warranties as to its accuracy. All potential bidders are urged to inspect the property, its condition and to rely on their own conclusions. All sketches, dimensions and acreage figures are approximate or more or less. Any announcements made on auction day by the Auctioneer will take precedence over any previously printed material or oral statements. Conduct at the Auction and increments of bidding are at the direction and discretion of the Auctioneer. Fraise Auction & Real Estate and the Seller reserves the right to preclude any person from bidding if there is any question as to the persons credentials, legal competence, etc. VELS AMIGOS LTD OWNER