Name | Contents Auction of FroYo World Frozen Yogurt Store |
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Auctioneer | AuctionAdvisors |
Type | Online-Only Auction |
Date(s) | 11/16/2017 - 11/17/2017 |
"Contents Auction" Starts on November 16th @ 3PM ET and ends on November 17th @ 3PM ET. "Store Auction" Starts on November 15th @ 3PM ET and ends on November 16th @ 3PM ET. | |
Preview Date/Time | By Appointment with Auctioneer. |
Checkout Date/Time | November 20th through November 22nd from 12PM to 3PM or by appointment with Auctioneer. |
Location | 405 Park Avenue Scotch Plains, NJ 07076 |
Buyer Premium | 10% Added to Final Invoice |
Description |
6 Air-Cooled Taylor C723 Frozen Yogurt Machines, 2 Door Freezer, True Brand Refrigerated Prep-Station, Walk-In Cooler, Metal Prep Tables, POS Systems, Flat Screen TV's, Safe, Wire Shelving, Stainless Steel Sinks, Self Serve and Check Out Countertop, Refrigerated Display Case, Security Systems CCTV, DVR, Tables, Chairs, Cleaning Equipment, Utensils, Pans, Whippers, Toppers, and Related Food Service Items.
We will be auctioning off the entire store as a going concern on Day 1 ("Store Auction"), and then in the alternative, we will be auctioning off each of the items individually on Day 2 ("Contents Auction"). At the close of Day 2, the seller will determine whether he will accept the bid on the entirety (which would be the high bid at the end of Day 1), or the individual bids on the individual items (which would be the aggregate of the high bids from Day 2). Seller will only accept the individual bids on individual items from Day 2, in the event that the aggregate of such bids are in excess of 110% of the bid on the entirety from Day 1.
Opportunity to bid on EITHER:
(i) "Store Auction": Yogurt store in its entirety, including contents, assignment of lease, license agreement, and goodwill related to the FroYo World Frozen Yogurt store in Scotch Plains, NJ (Auction Ends Nov 16th); OR
(ii) "Contents Auction": equipment and inventory of the Scotch Plains,NJ store on an individual basis (Auction Ends Nov 17th).
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Bid Amount | Bid Increment |
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0.00 - 500.00 | 25.00 USD |
500.01 - 2,500.00 | 100.00 USD |
2,500.01 - 5,000.00 | 250.00 USD |
5,000.01 - 9,999,999.99 | 500.00 USD |
Currency | USD |
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Buyer Premium | 10% Added to Final Invoice |
Payment Terms |
PAYMENT: The Successful Bidder MUST tender the total purchase price for the item(s) no later than the 2nd business day after the conclusion of the auction to the Auctioneer's escrow account. Time is of the Essence. Such payment MUST be made by wire transfer, bank check, or credit card (credit card can only be used for invoices under $500). The failure to make a timely payment shall be deemed a material default under the terms of the auction. No items can be removed until entire invoice is paid in full. Auctioneer reserves the right to resell buyer's lots at the expense and risk of Buyer. Please keep in mind that a 10% BUYER'S PREMIUM will be added to your final invoice.
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