Go Back FridayMarch 22, 2013 — 1:00pm
Partnership Dissolution: Auction Sale of Quarry Lake Bagel/Cafe, Business Only (NO REAL ESTATE INCLUDED) located at 2628 Quarry Lake Dr. Baltimore, MD 21209
Being offered for auction is the Business as Entirety Only. Partnership Dissolution forces immediate Auction sale. Exciting opportunity for experienced food operator to purchase full functioning bagel/deli cafe in well known Quarry Lake in Pikesville. This cafe was opened new in 2010.
The shops in the town center of the community offer various dining options, service and shopping choices, and everyday conveniences for a broad range of needs.
Other fine shops in Quarry Lake feature Starbucks, Walgreens, Fresh market, BB&T Bank, aMuse Toys, California Tortilla, Subway, Jasmine Asian Bistro and many others.
Purchaser is buying name, goodwill, equipment including Globe SP 20 Mixer, Alto Shamm 1000 TH11, Garland G24 Range, Walk-in Refrigerator and Freezer and much more. CLICK HERE TO SEE FULL LIST OF EQUIPMENT.
PLEASE NOTE THE SALE IS SUBJECT TO LANDLORD APPROVAL PRIOR TO CONVEYANCE
In order to be eligible to bid you must fill out a personal-financial-statement.
CLICK HERE TO DOWNLOAD THE PERSONAL FINANCIAL STATEMENT
Summary terms of sale: 10% Buyers Premium Added To The Hammer Price. The hammer price and buyers premium are treated as the total purchase price, and, therefor, is possibly subject to a 6% Maryland State sales tax. A deposit in the form of cash, cashier's check or certified check for $10,000 is due at the time and place of sale. The difference to bring the deposit up to 10% is due Monday, March 25th, 2013 by 4:00 PM in the auctioneer's office. Settlement is 30 days from the sale date. If payment of the additional deposit or the balance of the purchase price is not made within the specified periods, the deposit will be forfeited and retained by the seller as Liquidated Damages. The property may be resold at the risk and expense of the defaulting purchaser. All expenses are to be adjusted to date of settlement and assumed thereafter by the purchaser. Seller must be approved by landlord with full financial statement issued in advance of sale by purchaser. The assets will be sold to all existing agreements and or restrictions if any. Time is of the essence of this contract.
Contact Person: Scott Frank Cell 410-977-4712 Scott@AlexCooper.com
The information contained herein was obtained from sources deemed reliable, but is offered for informational purposes only. The Auctioneer, the Sellers, and their respective agents and representatives do not make any representations or warranties with respect to the accuracy of the information contained herein. Prospective purchasers are urged to make their own inspection.