Online-Only Auction
For Lucky Donkey LLC
(Selling real estate, fixtures, and trade fixtures as one bid amount)
Begins Closing Wednesday February 17th, 5:00 p.m.
Located at 401 Second St. Boxhom IA
Real Estate: The real estate offered consists of two parcels locally known as 401 Second St. Boxholm IA. There is a well-maintained brick building that has most recently been used as a bar/restaurant. The adjoining lot has been made into a nice patio area. The heating and air conditioning units have been recently updated.
2019 Gross Taxes: $384.18 2019 Net Taxes: $236.00
Fixtures and Trade Fixtures Included in Sale: Manitowoc Ice Machine, Bunn Coffee Maker, Margarita Blender, Beer Cooler, Keg Cooler, Deep Freeze, Stand Up Freezer, Delfield Coolers, Deep Fat Fryers, Flat Top Griddle, Stainless Steel Tables, Grill, Mini Fridge, APW W-43V Warmer, Walk in Cooler, Three Basin Sink, Oven, Exhaust Hood, Microwave, Security Cameras, Shelving, Bar, Serving Supplies, Tables, Chairs, Patio Furniture, TV’s, more…
Inspection Open House Times: Friday February 5th from 4:00-5:30 p.m. and Wednesday February 10th from 4-5:30 p.m.
General Terms of Real Estate Auction: A 10% buyer’s premium will be added to the high bid to determine contract price paid by buyer. 10 % down non-refundable upon signed purchase agreement and acceptance by seller, rest due upon delivery of deed and merchantable title of real estate on or before 30 days. Taxes pro-rated to the date of closing. All announcements upon execution of purchase agreement take precedence over printed material. Property is offered in it’s as-is where is condition with all faults. There shall be no warranties of condition expressed or implied. All information provided is from reliable sources, but not guaranteed by auctioneer/seller. Opening Bid of $35,000 meets reserve any lesser offers are can be relayed to broker. All equipment, fixtures, and trade fixtures located in the property at the time of sale are included. Reserved items (that may be pictured) are any beer signs or items belonging to vendors (pool table, etc.).
Note: Here is an opportunity to be your own boss. This is a long-time established bar and restaurant that current owners have made significant improvements to. It has a steady following and draws from a nice sized geographical area. This could be a substantial investment opportunity for an interested group also.