Auction Location: 404 North Washington Street, Thorp, WI 54771
Phone: 612-384-8592
Lot Categories:
Auction Closed
08/01/2016 06:30 pm
Closed
Pippi's Family Restaurant in Thorp WI is being Offered at Auction. The Owners are Retiring from the Restaurant Business. The Building has been updated with a Make Up Air System and Vent Hood, Health Department Inspections Have been passed with Compliments on the Cleanliness of the Kitchen and Equipment. The Building was originally the Fire House for the City of Thorp, The Family members have gone to Only Weekend Afternoon and Evening Service, They have a Full Bar and Liquor License.
Great Opportunity for a Creative Food Minded Person!
| Bid Range | Minimum Increment | ||
|---|---|---|---|
| $0.01 | - | $75.00 | $1.00 |
| $75.01 | - | $150.00 | $5.00 |
| $150.01 | - | $250.00 | $10.00 |
| $250.01 | - | $500.00 | $25.00 |
| $500.01 | - | $1,000.00 | $50.00 |
| $1,000.01 | - | $5,000.00 | $75.00 |
| $5,000.01 | - | $50,000.00 | $100.00 |
| $50,000.01 | - | $75,000.00 | $250.00 |
| $75,000.01 | - | $100,000.00 | $500.00 |
| $100,000.01 | - | $2,500,000.00 | $1,000.00 |
| Buyer's Premium | |||
|---|---|---|---|
| 4.00% | |||
This auction is contracted and managed by: A2C
Manager: Matt Johnson
ONLINE BIDDING ONLY
A2C Buyer's Premium 4%. Buyer's Premium will be added over and above the high bid to equal the contract price. (i.e. $100,000 high bid + 4% A2C buyer's premium = Contract price of $104,000.)
TERMS:
Earnest money is $10,000.00 non-refundable in certified funds due upon signing purchase agreement, closing on or before 45 days from auction close. Earnest money will be credited to buyer funds at title closing. Winning bidder party must contact seller's Real Estate Agent Tuesday, August 2nd to set purchase agreement signing AT THE SALE property or the Eau Claire Edina Realty Office on or before August 3rd at 6 pm. Property is being offered AS IS without any contingencies. Local Health Inspections Are Current and In good Standing. has been completed.
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