Mt. Vernon Restaurant

Gravitt Auction & Appraisals, LLC

 

Date(s) 1/25/2018 - 1/27/2018

Bidding opens Thursday, Jan. 25 @ 8:00a.m., bidding begins to close Saturday, Jan. 27 at 12:00 noon.

Past Auction
Online-Only Auction
Bidding Notice:

This is an internet-only auction. All bidding activity will take place online.

Auction Information
Name Mt. Vernon Restaurant
Auctioneer
Type Online-Only Auction
Date(s) 1/25/2018 - 1/27/2018
Auction Date/Time Info
Bidding opens Thursday, Jan. 25 @ 8:00a.m., bidding begins to close Saturday, Jan. 27 at 12:00 noon.
Preview Date/Time Friday, Jan. 26, 9:00a.m. - 4:00p.m., Saturday, Jan. 27, 9:00a.m. - 12:00p.m.
Checkout Date/Time Saturday, Jan. 27, 12:00 noon - 5:00p.m., Sunday, Jan. 28, 12 noon - 5:00p.m. Contact Auctioneer for additional time. The Auctioneer does not provide labor or assistance with loading or removal.
Location
Buyer Premium A 15% Buyer's Premium applies.
Description
MT. VERNON RESTAURANT
ALL ITEMS ARE BEING SOLD AS-IS, WHERE-IS. AUCTION FORMAT: This is a timed online only. Lots will begin to close on Jan. 27th at 12:00 noon in a staggered format, meaning the first lot will begin to close at 12:00 noon. Then approximately 30 seconds later the next lot will begin to close, so forth and so on. However, if an item receives a bid within 1 minute of closing said lot, the closing for that lot will be extended 2 minutes to allow the other bidder time to bid again. You may with to enter you highest bid and the software will automatically bid for you up to your highest bid. BUYER'S PREMIUM: A 15% buyer's premium will be added to all purchases. PAYMENT: Full payment due with 24 hours of the close of the auction. Cash and cashiers checks will be accepted. (No personal checks will be accepted). Credit Cards; Visa, MasterCard & Discover with a 3% Convenience Fee added. REMOVAL: Saturday, Jan. 27, 12:00 noon - 5:00p.m., Sunday, Jan. 28, 12 noon - 5:00p.m. Contact Auctioneer for additional time. The Auctioneer does not provide labor or assistance with loading or removal. ALL WATER LINES AND GAS LINES MUST BE CAPPED BY THE BUYER BEFORE ITEMS ARE REMOVED. ANY REMAINING ELECTRICAL WIRING MUST BE WIRE NUTTED AND CAPPED BY THE BUYER BEFORE ITEMS ARE REMOVED. ITEMS GOING THROUGH THE ROOF OR A EXTERIOR SIDE WALL, THE OPENING MUST BE PROPERLY PATCHED AND CAULKED BY THE BUYER. INSPECTION: Friday, Jan. 26, 9:00a.m. - 4:00p.m., Saturday, Jan. 27, 9:00a.m. - 12:00p.m. All property is sold "AS IS", and ALL SALES ARE FINAL. Property is open to for public inspection during the mentioned times. Bidders understand and acknowledge that they may not be able to inspect an item as well as if they examined it in person. It is the Bidder's responsibility to determine condition, age, genuineness, value or any other determinative factor. The Auctioneer may attempt to describe the merchandise in advertising, online and on auction site, but makes no representations relating to the condition or compliance of the equipment, to any laws, ordinances or regulations. In no event shall the Auctioneer nor Sellers be held responsible for having made or implied any warranty of merchantability or fitness for a particular purpose. Bidder shall be the sole judge of value. The Bidder agrees that everything is sold AS-IS and that they may not return any item they purchase. Listed condition information on the items was provided to the Auctioneer. The Auctioneer has not conducted any type of inspection. The Auctioneer is providing internet bidding as a service to the Bidder. The Bidder acknowledges and understands that this service may or may not function correctly the day of the auction. Under no circumstances shall Bidder have any kind of claim against the Auctioneer or anyone else if the internet service fails to work correctly before or during the auction. The Auctioneer will not be responsible for any missed bids from any source. Internet bidders who desire to make certain their bid is acknowledged should use the proxy-bidding feature and leave their maximum bid amount. The Auctioneer reserves the right to reject any bids at the Auctioneers sole discretion. The Auctioneer reserves the right to withdraw or re-catalog items in this auction. For internet-only auctions, the Auctioneer reserve the right to cancel and/or reopen the auction in the case of system failures. TRANSFER OF OWNERSHIP: Except for the warranty of title, any warranties, expressed and/or implied, (including the warranty of merchantability), are excluded and disclaimed by the Auctioneer and Sellers. SALES TAX: No sales tax. CREDITORS: If you a creditor in any of the above cases, you are required to pay for any purchase the same as any purchaser. You cannot deduct the amount of your auction purchase from your claim amount. By bidding I will agree to these terms and conditions and if my purchase is turned over to an attorney for collection, whether or not suit is filed I agree to pay all debts plus attorney and court fees. Any and all disputes will be filed and heard in the courts of Hamilton County, Tennessee By bidding you hereby agree to waive any claim, hold harmless and to defend Gravitt Auctions & Appraisals LLC and sellers from any liability, injury or death associated with the removal of the purchased items resulting by my presence or the presence of any person that you may bring on this property.
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 A 15% Buyer's Premium applies.
Payment Terms
BUYER'S PREMIUM: A 15% buyer's premium will be added to all purchases. PAYMENT: Full payment due with 24 hours of the close of the auction. Cash and cashiers checks will be accepted. (No personal checks will be accepted). Credit Cards; Visa, MasterCard & Discover with a 3% Convenience Fee added.
It is the buyers responsibility for pickup. The auctioneer will not assist.
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.