Turn-Key Restaurant Auction on Hamilton Lake - Saturday, February 20th - 2016 - 10:00 AM
Hamilton House Lakefront Bar and Restaurant
3950 E Bellefontaine RdHamilton, IN 46742 - (View Map)
Owner: WNB Inc
Sale Manager: Josh Lewis
Contact: 260-426-0633
REQUEST UPDATES FOR THIS AUCTION
Incredible Opportunity to Own a Successful Lake Restaurant
Auction Location
On Site
Inspection
Please contact Sale Manager to schedule a private inspection.
Property Description
Excellent opportunity to purchase this successful, turn-key bar/restaurant at auction. Hamilton House is located on Hamilton Lake in Hamilton, IN. The restaurant features a fully renovated bar and dining room, large kitchen with well cared-for equipment, and a new two-story deck for outdoor dining with outdoor Tiki Bar. State of the art, Steadyserv 20 tap beer setup, point of sale system, and Q-See security system.
Information Packet & Equipment List
Please contact Sale Manager for a complete information packet - josh.lewis@steffengrp.com - (260)273-9311.
Features
- All Equipment, Fixtures & Inventory Included
- Recently Renovated
- 210 Liquor License
- Tiki Bar & Two 60' Piers for Boat-In Customers
- 2 Bedroom Owner/Manager's Suite
Terms & Conditions
Method of Payment: Cash, if obtaining financing have financing prearranged prior to Auction, bidding is not contingent upon lender inspection or appraisal. a nonrefundable earnest money deposit of 10% of the sale price will be required day of the sale with the balance due with in 30 days of the auction. A 2% Buyer's Premium will be added to the winning bid, thus determining the final selling price of the Property.
Acceptance of Bid: Successful bidder will be required to enter into a purchase agreement immediately following the auction at the site. The seller reserves the right to accept or reject any bids.
Title: The Seller will provide the Buyer with an Owners Policy of Title Insurance in the amount of the purchase price.
Survey: The property will be not be surveyed. If the Buyer or Buyers lender requires a survey it will be at the sole cost of the Buyer. A survey will be provided for the Private Easement.
Taxes: The Real Estate taxes will be pro-rated to the day of final closing.
Possession: Possession will be given to the Buyer the day of final closing.
Closing Fee: The closing fee as charged by the title company; shall be split 50:50 between the Buyer and Seller.
Transfer of Licenses and Permits: Buyer shall pay the cost associated with the transfer of the liquor license, and any other license or permits.
Property Condition: The property will be selling "As-Is" and "Where-Is" with NO warranty being expressed or implied as to the physical condition of the property, available permits or specific zoning. Buyer shall be responsible to and abide by all Steuben County Health Department requirements upon the transfer of ownership.
Agency: The Steffen Group its agents are representing the Seller exclusively in this transaction.
Disclaimer and Absence of Warranties: All information contained in the 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.