PAPA'S PIZZA - RETIREMENT CLOSING

Online Auction in Milan Tennessee, United States

16 Monday
December 16th, 2019
Ridgely Auction & Realty
Phone: 731-987-2847

PAPA'S PIZZA - RETIREMENT CLOSING

Online Auction in Milan Tennessee, United States

Monday at - 16th December , 2019

Notes

Auction Terms & Conditions Personal Property Terms: 12% Buyer's Premium will be added to the final bid price to determine final selling price. Payment and Pick Up is required at specified PICK UP TIME and LOCATION of each Auction and this does vary but is clearly specified at each Auction. All items that have not been picked up will be charged to winning Buyer and payment will be processed with their card of record. Pick up and Shipping is the sole responsibility of the buyer, NOT Ridgely Auction & Realty Staff. If the buyer cannot pick up and pay at preannounced and ordained time and location, call 731-415-1351 and arrange special terms, PRIOR TO BIDDING ON THOSE ITEMS.Auction Terms & Conditions Real Estate Terms: 10% Buyer's Premium will be added to the final bid price to determine final selling price. 10% down required day after auction closes between business hours of 8am-5pm and balance due at closing on or before 30 days after auction for Real Estate. Property information believed to be accurate but not guaranteed. Buyer should independently verify all information prior to bidding.1. Refresh Bidding: Refresh your screen constantly during the closing minutes of the bidding, or View the "Live Catalog"2. Bidding Increments: Each Ridgely Auction and Realty auction may have different bidding increments. The software will calculate the next bid amount before submitting the bid.3. Agency: Ridgely Auction and Realty, Agents and Representatives are agents of the Seller.4. Buyer's Premium: There will be a twelve percent (12%) Buyer?s Premium (personal property) and a ten percent (10%) Buyer's Premium added to final bid price to determine the final selling price of the auction lot.5. Auction Ending: Ridgely Auction and Realty Online Auctions are timed events and all bidding will close at a specified time. Ridgely Auction and Realty Online Auctions also have an auto-extend feature. Any bid placed in the final five (5) minutes of an auction, the auction ending will be automatically extended five (5) minutes from the time the bid was placed. Example: If an auction is scheduled to close at 6:00 receives a bid at 5:59, the close time will automatically extend 6:04. The auto extend feature remains active until no further bids are received within a five (5) minute time frame.6. Time Increase or Decrease: Ridgely Auction and Realty may increase or decrease the extended time amount at any time during the auction until the close of bidding.7. Outbid Notification: Until the auction begins to close, the bidding software will notify bidders by email when they have been outbid. Bidders may also find out if they have been outbid by refreshing the individual lot information. Due to varying internet connections/speed, please place a max bid or constantly monitor the auction at close of bidding. Sometimes email notifications can be delayed.8. Property Information & Inspection: Ridgely Auction and Realty is not responsible for any missing or incorrect listing information. Ridgely Auction and Realty has attempted to provide accurate descriptions. However, it is the bidder's responsibility to conduct any inspections to determine the condition and feasibility of the bidder?s intended use. Descriptions that are provided by Ridgely Auction and Realty are provided in good faith and are matters of opinion.9. Auctioneer's Discretion: Ridgely Auction and Realty has full discretion to modify the date and time, order, and details of the auction for any reason or no reason at all, including but not limited to technical issues, emergencies, and convenience of Ridgely Auction and Realty or the seller. Ridgely Auction and Realty reserves the right to modify, change, or remove usernames at any time.10. Server & Software Technical Issues: In the event that there are technical difficulties related to the server, software or any other online auction-related technologies,Ridgely Auction and Realty reserves the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software nor Ridgely Auction and Realty shall be held responsible for a missed bid or the failure of the software to function properly for any reason. Email notifications may be sent to registered bidders with updated information as deemed necessary by Ridgely Auction and Realty11. Terms: 10% OF THE FINAL BID PRICE REQUIRED (Real Estate) as non-refundable earnest money in the form of a certified check, cash or wire transfer within 24 hour of the close of auction, with the balance of purchase price due at closing. Purchaser shall be responsible for all wire transfer fees. Closing will be as specified in the Contract for Sale of Real Estate. This online only auction is a CASH SALE not contingent on or subject to financing, appraisal, survey or inspections of any kind, as agreed to by Bidder and or Buyers at registration. Buyer may obtain financing, but said financing is in NO WAY CONTINGENT upon Buyer's obligation to close on the transaction in timely manner.12. Contract For Sale Of Real Estate: The contract is required to be fully and correctly completed, WITHOUT any modifications and properly signed within 24 hours of Auction closing between 8am- 5pm the next business day.13. Closing: Property is to be closed within 45 days after the auction. NO EXTENTIONS. Be prepared to close.14. Closing Costs: Seller and Buyer shall pay a closing fee and document preparation fee. Seller shall also pay for any costs incurred by Ridgely Auction and Realty, as agreed upon in the AUCTION CONTRACT. Seller shall pay no closing costs for Buyer, including any lender's fees or recording fees unless otherwise agreed to in this Contract.15. Property Condition: Buyer specifically acknowledges herein that the property is being purchased 'AS IS' with all faults and that neither the Seller nor Ridgely Auction and Realty, makes any warranties or representations, expressed or implied, as to the habitability, condition, square footage, acreage or boundary lines of the real property conveyed herein.16. Hold Harmless: Buyer and or Bidder agrees to hold harmless and indemnify Ridgely Auction and Realty and its Agents, Owners, Employees and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.17. Disputes: Any dispute between Ridgely Auction and Realty, its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Carroll County, Tennessee. By bidding on any item, buyer agrees to all terms and conditions set forth. EACH PARTY HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES (TO THE EXTENT PERMITTED BY APPLICABLE LAW) ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY OF ANY DISPUTE ARISING UNDER OR RELATING TO THIS AGREEMENT AND AGREES THAT ANY SUCH DISPUTE SHALL BE TRIED BEFORE A JUDGE SITTING WITHOUT A JURY.18. Auction Bidder and/or Buyer Default: Successful Bidder and or Buyer not executing and returning the contract with earnest money deposit within 24 hours of the conclusion of the auction will be considered in default. In the event a winning Bidder and or Buyer fails to submit the signed Contract for Sale of Real Estate and earnest money deposit, the winning Bidder and or Buyer shall pay to Ridgely Auction and Realty, as damages, an amount equal to the Buyer's premium or commission percentage, as set forth in said Contract, and any and all expenses incurred by the said Ridgely Auction and Realty, for said auction. Should Buyer's earnest money check be returned for any reason whatsoever, this shall constitute an item of default, and in addition to the remedies previously stated hereinabove, Buyer shall also pay an additional penalty of five percent (5%) of the earnest money check to Ridgely Auction and Realty. Buyer shall also pay a reasonable attorney's fee and costs incurred in the collection of these monies owed by Buyer as a result of Buyer's default. Buyer shall also pay the Seller any damages caused by said breach of contract, including attorney's fees and costs. This shall not preclude the Seller from suing for specific performance of the Contract of Sale, in addition to said damages. It is specifically understood and agreed by and between the Seller and Ridgely Auction and Realty., that in the event the Buyer should default in the terms of this Contract in any manner whatsoever, that the earnest money, or sufficient sums therefore, shall be paid first to the agent for the Buyer's premium or commission percentage, and the balance, if any, to the Seller. Any disputes will be tried in a court of jurisdiction in Carroll County, Tennessee. Ridgely Auction and Realty reserves the right to sell to the next highest qualified Bidder and or Buyer in the event the successful high Bidder and or Buyer does not comply with the terms of the sale. By bidding on the property, buyer agrees to all terms and conditions set forth. The contract is required to be fully and correctly completed, without any modifications and properly signed. A contract that is incomplete, incorrect, or modified in any respect, is considered to be in default.19. Auction Cancellation ? Bid Rejection: Ridgely Auction and Realty reserves the right to reject any and all bids for any reason. Ridgely Auction and Realty reserves the right to cancel this auction, or remove any item or lot from this auction prior to the close of bidding even if a bid has been placed.20. Title: Purchaser is responsible for purchasing title insurance if desired.21. Deed: Seller will provide a free and clear deed to the property22. Possession: Possession will be given at closing.23. Real Estate Taxes and Closing Cost: UNLESS OTHERWISE STATED IN THE CONTRACT FOR SALE OF REAL ESTATE, all taxes will be prorated to day of closing using the most current available year?s tax amount. HOA fees and condominium assessments, if any, will be prorated up to the date of closing. The purchaser will pay all other closing costs associated with the purchaser?s side of the sale, including local and state recording fees and any cost associated with the purchaser?s loan.24. Easements: Subject to any and all easements of record whether recorded or not recorded.25. Zoning: This property is subject to all state and local zoning ordinances.26. Acreage & Aerial Photos: Parcel dimensions and acreages are based on legal descriptions. Aerial photos are for illustration purposes only and not surveyed boundary lines.27. Bidder Verification: The identity of all bidders will be verified. Bidding rights are provisional, and if complete verification is not possible, Ridgely Auction and Realty will reject the registration, and bidding activity will be terminated. The Seller and Ridgely Auction and Realty reserve the right to preclude any person from bidding.28. Bidder Responsibilities: Bidder responsibilities include, but are not limited to: Bidders agree to keep their username and password confidential, as they are responsible for ANY and ALL activity involving their account. When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges. Auction company employees and/or auction company may bid on auction. We gather aggregate information from the web site which may include but is not limited to: number of page visitors, most visited pages, and any and all correspondence.29. Guarantee Agreement: By submitting a bid in the name of a business entity or corporation, the individual submitting the bid enters into a guaranty agreement whereby he or she personally guarantees earnest money payment to Ridgely Auction and Realty

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Location has been calculated by address and may not be 100% accurate.

Auction Items For Sale

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  • Lot #: 1
    HATCO BUFFET WARMERS - WORKING CONDITION

    HATCO BUFFET WARMERS - WORKING CON...

  • Lot #: 2
    HATCO BUFFET WARMERS - WORKING CONDITION

    HATCO BUFFET WARMERS - WORKING CON...

  • Lot #: 3
    HATCO BUFFET WARMERS - WORKING CONDITION

    HATCO BUFFET WARMERS - WORKING CON...

  • Lot #: 4
    HATCO BUFFET WARMERS - WORKING CONDITION

    HATCO BUFFET WARMERS - WORKING CON...

  • Lot #: 5
    LOT OF SERVING TRAYS - PLASTIC

    LOT OF SERVING TRAYS - PLASTIC

  • Lot #: 6
    SMALL MOVEABLE DISPLAY RACK

    SMALL MOVEABLE DISPLAY RACK

  • Lot #: 7
    5 TIER ADJUSTABLE SHELVING UNIT

    5 TIER ADJUSTABLE SHELVING UNIT

  • Lot #: 8
    HATCO GLO RAY- WARMING LIGHT

    HATCO GLO RAY- WARMING LIGHT

  • Lot #: 9
    STAINLESS RESTAURANT WORK TABLE - TABLE ONLY

    STAINLESS RESTAURANT WORK TABLE -...

  • Lot #: 10
    STACK OF ROUND PIZZA PANS

    STACK OF ROUND PIZZA PANS

  • Lot #: 11
    PIZZA PAN SCREENS - ALL SIZES

    PIZZA PAN SCREENS - ALL SIZES

  • Lot #: 12
    DELFIELD PIZZA MAKE LINE - - INCLUDES CONTAINERS

    DELFIELD PIZZA MAKE LINE - - INCLU...

  • Lot #: 13
    STAINLESS WORK TABLE

    STAINLESS WORK TABLE

  • Lot #: 14
    TAYLOR SCALE

    TAYLOR SCALE

  • Lot #: 15
    ROOL AROUND CART

    ROOL AROUND CART

  • Lot #: 16
    PIZZA STAND - COOLING RACKS - TOTAL OF 3

    PIZZA STAND - COOLING RACKS - TOTA...

  • Lot #: 16a
    PIZZA STAND - COOLING RACKS - TOTAL OF 3

    PIZZA STAND - COOLING RACKS - TOTA...

  • Lot #: 17
    MIDDLE BY MARSHALL360  DOUBLE PIZZA OVEN

    MIDDLE BY MARSHALL360 DOUBLE PIZZ...

  • Lot #: 18
    STAINLESS 7FT WORK TABLE

    STAINLESS 7FT WORK TABLE

  • Lot #: 19
    SUB SANDWICH MAKE LINE  / COOLER - WORKING CONDITI

    SUB SANDWICH MAKE LINE / COOLER -...

  • Lot #: 20
    12

    12" PIZZA PANS -SERVING TRAYS - TO...

  • Lot #: 20a
    14

    14" PIZZA PANS - SERVING TRAY - TO...

  • Lot #: 21
    14 INCH PIZZA PADDLES - TOTAL OF 2

    14 INCH PIZZA PADDLES - TOTAL OF 2

  • Lot #: 22
    4 FT STAINLESS WORK TABLE

    4 FT STAINLESS WORK TABLE

  • Lot #: 23
    BAKING SHEETS

    BAKING SHEETS

  • Lot #: 24
    WELBILT VARIMIXER - WORKING CONDITION

    WELBILT VARIMIXER - WORKING CONDIT...

  • Lot #: 25
    STAINLESS WORK TABLE - NO CONTENTS

    STAINLESS WORK TABLE - NO CONTENTS

  • Lot #: 26
    2 PIZZA PADDLES - DIFFERENT SIZES

    2 PIZZA PADDLES - DIFFERENT SIZES

  • Lot #: 27
    STAINLESS ROLLING CART

    STAINLESS ROLLING CART

  • Lot #: 28
    SILVERWARE PLASTIC TRAYS

    SILVERWARE PLASTIC TRAYS

  • Lot #: 29
    DEEP DISH CONTAINERS AND LIDS - ASSORTED SIZES

    DEEP DISH CONTAINERS AND LIDS - AS...

  • Lot #: 30
    ADJUSTABLE 5 TIER SHELVING UNIT

    ADJUSTABLE 5 TIER SHELVING UNIT

  • Lot #: 31
    5 TIER SHELVING UNIT

    5 TIER SHELVING UNIT

  • Lot #: 32
    5 TIER SHELVING UNIT

    5 TIER SHELVING UNIT

  • Lot #: 33
    TRAY OF KITCHEN UTENSILS

    TRAY OF KITCHEN UTENSILS

  • Lot #: 34
    COFFEE DISPENCER

    COFFEE DISPENCER

  • Lot #: 35
    SHELF OF 5 GALLON BUCKETS

    SHELF OF 5 GALLON BUCKETS

  • Lot #: 36
    SHELF OF BUCKETS AND TRAYS- PLASTIC

    SHELF OF BUCKETS AND TRAYS- PLASTI...

  • Lot #: 37
    SHELF OF PLASTIC CONTAINERS - ALL SIZES

    SHELF OF PLASTIC CONTAINERS - ALL...

  • Lot #: 38
    SHELF OF PLASTIC CONTAINERS - ALL SIZES

    SHELF OF PLASTIC CONTAINERS - ALL...

  • Lot #: 39
    2 WHITE HEAVY PLASTIC CUTTING BOARDS

    2 WHITE HEAVY PLASTIC CUTTING BOAR...

  • Lot #: 40
    2 LARGE ALUMINUM MIXING BOWLS

    2 LARGE ALUMINUM MIXING BOWLS

  • Lot #: 41
    4 SMALL ALUMINUM MIXING BOWLS

    4 SMALL ALUMINUM MIXING BOWLS

  • Lot #: 42
    STACK OF ROUND BAKING SHEETS

    STACK OF ROUND BAKING SHEETS

  • Lot #: 43
    STACK OF DEEP DISH PIE PANS

    STACK OF DEEP DISH PIE PANS

  • Lot #: 44
    STACK OF PIZZA BAKING SHEETS - ROUND

    STACK OF PIZZA BAKING SHEETS - ROU...

  • Lot #: 45
    STACK OF ROUND BAKING PANS

    STACK OF ROUND BAKING PANS

  • Lot #: 46
    COLLECTION OF ASSORTED SIZE BAKING PANS

    COLLECTION OF ASSORTED SIZE BAKING...

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