The Property Appraised for Over 700K in 2005 –
NOW IS THE TIME TO BUY AT AUCTION PRICE
Business Description This is a once in a lifetime opportunity to purchase an established car wash business with over 20 years of loyal customers in the Decatur market. Sellers are selling the business to concentrate on other endeavors. Inspect – arrange financing and bid your price.
Contact Sale Manager for Complete Details and Financials
Property Location
1033 N. 13 th Street – Decatur Indiana (next to Back Forty Resturaunt)
Real Estate Information:
Excellent Commercial Building – Many updates in recent years. – Paved Parking
- Building Sq. Ft. - 6432
- Automatic Carwash with Office and Mechanical Rooms
- Prime Location
- 5 Self Serve Bays
- Paved Parking
Contact Auction Manager for more information on this building.
Inspection and Financials
Call The Steffen Group for a private showing 1.877.426.0633.
Auction Location
SEALED BID AUCTION
Sealed Bid Terms & Conditions
Sealed Bid Materials: A complete SEALED BID AND PROPERTY INFORMATION/BIDDERS PACKET has been prepared which provides general instructions and contains basic property information and all forms necessary to submit a sealed bid, including legal description of the real estate, asset purchase agreement, real estate purchase agreement, title report, financials, equipment list and any all other pertinent information. Prior to requesting said bidders packet, bidders must execute a confidentiality agreement and deliver to The Steffen Groups Corporate office either by facsimile (260) 426-0633 or by delivering it in person. Within 24 hours of receipt of said confidentially agreement The Steffen Group will send to the requesting party a complete bidders packet.
Prospective bidders are hereby advised to review all information available from the auction company and the seller, and other sources prior to submitting an offer to purchase (bid). Materials provided to bidders are for informational purposes only and may not be relied upon. It is highly recommended and encouraged that each bidder independently verify all information and perform his or hers own inspection and any all due diligence requirements.
Assistance in Bid Submission: Please contact Auction Manager with help submitting your bid.
Offer Requirements : All offers must be sealed and the name and address of the offering party must appear on the outside front of the envelope. Offers must be in writing on the appropriate Purchase Agreements provided by the auction company in the bidders packet and must be received by The Steffen Group Inc., 614 S. Harrison St., Fort Wayne Indiana 46802 by 12:00 noon on Thursday September 25, 2008 bidders may hand deliver or use overnight delivery service.
All Offers Must be accompanied by: (a). Respective Purchase agreement. Bidders should carefully review the purchase agreements. The Purchase agreements must be properly completed and signed. (b) Submit and earnest money deposit for 10% of the total bid amount. Check must be made payable to THE STEFFEN GROUP INC ESCROW. The check will be deposited only if bid is accepted. Checks submitted with unacceptable bids will be returned within three (3) business days after the bids are rejected but no later than September 30, 2008 .
Terms and Conditions A non-refundable earnest money deposit of 10% of the bid amount will be required to submit sealed bid. Closing to be within 45 days of auction. This real estate is being sold for cash and your bidding is not contingent upon financing. Have your financing prearranged prior to auction day.
Taxes: Will be prorated to the day of final closing.
Title: Seller will provide to buyer a title commitment in the amount of the purchase price.
Deed: Seller will transfer title to buyer by a fully executed warranty deed. Condition: This property is selling as is where is with no warranty being expressed or implied by the seller and or auction company.
Survey: In the event the buyer or buyer lender requires a survey it will be at the sole cost of the buyer.
Buyers Premium: In order to determine the final sales price of the real estate, a 5% buyers premium will be added to the winning bid on each tract.
Offers and acceptance: THE SELLER RESERVES the right to request a “Best and Final Offer”. Consideration shall be given to purchase price and terms. All tracts are selling subject to the confirmation of the seller. All Bidders will be notified by email and or telephone on March 1, 2006 announcing the winning bidder.
Agency: The Steffen Group is acting as the exclusive agent of the Seller.
Disclaimer and Absence of Warranties: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the purchase agreement. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer.
For more information, please contact a Steffen Group sale manager at (260)426-0633. |
