Jun 30, 2014 - 10:00am Eastern
139 New Market Center
Boone, NC 27607
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Rogers Realty & Auction Co. Inc.
1310 EMS Drive
P.O. Box 729
Mt. Airy, NC 27030
Corporate Headquarters 1310 EMS Drive
Mt. Airy, NC 27030
Tax Seized Restaurant Equipment
Monday, June 30
10:00am139 New Market CenterBoone, NC 27607
Huge Inventory of Tax Seized Restaurant Equipment Selling On-Site Only!
Includes: Many Stainless Steel prep tables, 2-Duke 5-comp warming tables, 2-door ref. prep station, 3-door freezer, Hobart 3 burner griddle, 5ft 4-drawer fridge, Wells 4-burner griddle, 2-double fryers, double refrig., Scotsman ice machine, (2) 3-compartment sinks, Hobart mixer, (4) Storage bins on rollers, 80+ tables, booths, utensils, office equipment, many SS pots/pans, racks, collection of 100+ framed photos/pictures, (50) red table cloths, various food/supplies, and Much More!
***The Personal Property is being sold subject to all prior recorded or perfected liens and encumbrances pending against the property.
AS IS - Everything sells 'AS IS' with no warranties given or implied. When the condition of an item is described, it is based on information provided to us by the seller, but is not to be taken as an implied warranty. The catalog is provided as a convenience and each item of merchandise or personal property is often referred to as a 'lot'. Please inspect each lot of personal property and merchandise prior to bidding.
CONDITION OF PERSONAL PROPERTY & MERCHANDISE - The auction company makes every effort to describe assets to the best of its ability but there are no guarantees as to the condition, quantity, quality, condition, age, color, usefulness or value of lots sold in the auction. EVERYTHING SELLS STRICTLY 'AS IS' with all faults, conditions, damage, defects, and flaws. The buyer will take the assets, personal property, items, lots or merchandise in the condition existing.
REMOVAL FROM PREMISES - You must remove all purchases of lots from the premises today. If there are other check out times please see the auction manager for details. If you do not remove purchases at the stated times you will forfeit your purchases back to the seller.
HIGH BIDDER - The auctioneer has the sole discretion to determine the highest bidder for any and all lots. At the fall of the hammer or other customary method of declaring lots sold the ownership transfers to the buyer.
STARTING BIDS - The auctioneer reserves the right to start the bids on all lots. The auctioneer reserves the right to bid to the reserve amount, if any, on behalf of the seller.
ALL SALES FINAL - No claims can be made after the auction and no refunds will be given.
ORDER OF SALE - The auctioneer has the right to lump or group several lots together if it is in the best interest of the seller.
RECORDS - The records of the bookkeeper are final in case of a disagreement over the bid price for any lots.
PAYMENT - Terms of Payment are cash, Visa, or Mastercard. Check's may be accepted by the auction company when backed by a IRREVOCABLE bank letter of guarantee stating the amount to be covered by the check. SEE SAMPLE BANK LETTER ATTACHED. If a buyer fails to pay in full for their purchases, the account will be turned over to a collections agency.
POSSESION - The auction company may HOLD LOTS NOT PAID FOR IN FULL OR NOT PAID WITH FUNDS AS STATED ABOVE.
TAXES - Buyers are responsible for any state for federal taxes dues.
ABSOLUTE / RESERVE AUCTION - All lots or merchandise will be sold at Absolute to the highest bidder, without reserve.
BUYER'S PREMIUM - A Buyers Premium of 13% is added to the last and highest bid to determine the purchase price. 3% discount if paying with cash.
Uniform Commercial Code:
Section 2-328 of the UCC provides federal law regarding a sale by auction. The code reads that a sale by auction is complete when the auctioneer so announces by the fall of hammer or in other customary manner. A bid is a legal binding contract between the bidder and auctioneer. Reopening a bid is at the sole discretion of the auctioneer. Failure to complete a payment in good faith, stopping payment on checks or refusing to pay for goods purchased at the auction may result in legal action against the buyer and may result in the collection being turned over to a collection agency.
“Auctioneer reserves the right to refuse to register any prospective bidder for any reason, or to require a cash deposit from a prospective bidder of an amount designated by Auctioneer and paid in advance by the prospective bidder to Auctioneer. Such deposit will be applied to any purchases made at the auction by the prospective bidder. At the end of the auction, Auctioneer will refund any portion of this deposit that has not been applied to purchases. Furthermore, Auctioneer will require the removal of any person from the auction site for any reason including, buy not limited to: (1) tampering with auction lots; (2) any illegal conduct including collusive bidding or stealing; (3) disruptive behavior; (4) failure to abide by these terms; and (5) intoxication. Bidder agrees to leave the auction site immediately and quietly upon request by Auctioneer. Any act of theft, vandalism or disruption will be prosecuted to the fullest extent of the laws.”
DISPUTES: Any disputes that arise between the auction company, the seller, the seller's agents and the buyer will be dealt with by arbitration in Surry County, North Carolina.
DISCLAIMER: The auction company provides data, advertising, maps, that is believed to be correct but it is not guaranteed. Bidder's should rely on their own inspections and due diligence prior to bidding. Everything sells strictly AS IS. The auction company makes every effort to describe assets to the best of its ability but there are no guarantees as to the condition, quantity, condition, age, color, or value of the lots, personal property, merchandise or real property sold. Buyer agrees that buyer may not cancel purchase for any reason.
LICENSES - NC Firm # 685, VA Firm #2, SC Firm # 1874