Name Restaurant Liquidation
Auctioneer Gooch Auction Group
Type Online-Only Auction
Date(s) 6/9/2017 - 6/22/2017
Open Now - Starts Closing 6/22/2017 6PM
Preview Date/Time 6/19/2017 4PM-6PM
Checkout Date/Time SATURDAY 6/24/2017 Pick up 10AM until 5PM
Location 264 Walton Ave
Lexingtom, KY 40502
Buyer Premium There will be a 15% Buyer's Premium
Description
Details Details ONLINE BIDDING ONLY - ENDS JUNE 22nd 6PM Basically everything you expect to find in a restaurant liquidation auction! We got everything including the kitchen sink!
ABSOLUTE ONLINE AUCTION The following are the terms for that buyers/bidders agree to before bidding on or buying any property. Seller(s) agree these will be the terms of online auction for the buyers/bidders. BID On Line at http://www.goochsells.com BUYER’S PREMIUM: There will be a 15% Buyer’s Premium added to the winning bid. The sum of the winning bid plus the buyer’s premium will be the sales price. THE FOLLOWING ARE VERY IMPORTANT DATES!!!! PROPERTY PREVIEW - 6/19/17 4-6PM AUCTION START TIME: Bidding Open AUCTION STARTS ENDING TIME: June 22 at 6:00 PM PICK UP AND PAYMENT : PICK UP DATE: June 24th 10-5PM, 264 Walton Ave, Lexington, KY 40502 . You pay for your merchandise when it is picked up. Cash , Check. Please bring or have your tax ID number if you are tax exepmt! PICK UP: Purchased items will be available for pickup. There will be no delivery or shipment of items by Gooch Auction Group LLC. It will be the purchaser’s responsibility to procure purchased item(s). There will be NO ITEM PICKUP on the date the auction ends. Gooch Auction Group, LLC On line Auctions are timed events and all bidding will close at specified time. Gooch Auction Group, LLC On line Auctions also has an auto extend feature. If a bid is placed in the final 5 minutes of an auction, the close of the auction will be automatically extended 5 minutes from the time the bid was placed. Example: if an auction scheduled to close at 6:00 receives a bid at 5:59, the close time will automatically extend 6:05.The auto extend feature remains active until no further bids are received within a 5 minute time frame. REFRESH YOUR SCREEN CONSTANTLY DURING THE CLOSING MINUTES OF THE BIDDING All property is sold in “AS IS” and “WHERE IS” condition. ALL SALES ARE FINAL! Bidder understands and agrees no refunds, exchanges, adjustments, charge backs, etc, will be allowed. Property is available for inspection at specified times and is the bidder’s responsibility to determine condition. Bidder’s failure to inspect any item or lot will not constitute grounds for any claim, refund, adjustment, charge back, etc. All description information has been gathered from sources that we believe to be reliable but are not guaranteed. Auctioneer makes no warranty or guarantee of any kind with respect to condition, authenticity, provenance, source, condition, suitability for a particular purpose, etc. Auctioneer reserves the right to change, modify, delete any item or lot or description in the auction as may be necessary. REGISTRATION DEPOSIT: Gooch Auction Group LLC requires a $1.00 registration deposit by Credit Card prior to bidding in order to participate in any auction. The $1.00 is NOT CHARGED, it is merely held by your Credit Card Company for the length of up 3 to 7 days. The $1.00 is Authorized Only, if you make purchases on an auction you will not be charged, this is a complete separate transaction and you will have no charges against your account. This however may show up as a pending transaction on your account. This is an Industry Standard Practice among Internet Auctions. PAYMENT: Accepted methods of payment are cash, cashier’s check, personal. Checks must be delivered to the auction site, Personal and business checks will be verified for sufficient funds before items are removed from the auction site. All items and merchandise must be picked up no later than the specified time. Gooch Auction Group, LLC DOES NOT provide shipping, shipping preparation or transportation services. Removal of items, moving, packaging, loading, transporting, shipping and shipping preparation is the sole responsibility of the purchaser. Removal shall be at the expense, liability, and risk of the purchaser. Purchases will be released upon presentation of a paid email receipt. Only a Gooch Auction Group LLC Third Party Release Form will constitute proof of delivery of items. It is important to ensure movers or anyone picking up items on a purchaser’s behalf have that purchaser's third party release form at the pickup location. NO ITEMS WILL BE RELEASED WITHOUT A PAID RECEIPT. All purchased items must be removed by the deadline stated above. Any items not removed by the deadline will, at Auctioneer’s discretion, be discarded or resold with proceeds retained by Auctioneer. There will be NO REFUND to the purchaser for these forfeited items should they fail to pick them up on or before the specified time. SALES TAX: Kentucky Sales Tax (6%) will be added to the sale price. Dealers or other exempt parties must provide proper documentation to Auctioneer before bidding. ABANDONMENT: Any item NOT picked up and/or paid for by the close of the removal period set forth at the head of these Terms and Conditions will be considered abandoned and become property of Gooch Auction Group LLC. IMPORTANT! The Auctioneer will have the option of reselling, removing, storing or disposing of items not picked up and/or paid for during the removal period set forth at the head of these Terms and Conditions. Purchasers agree to pay all deficiencies and legal, collection, transportation, storage, and disposal expenses associated with delinquent accounts or abandoned items. Purchasers further agree that purchasers will not charge back items which are not picked up during the removal times set forth at the head of these Terms and Conditions. SERVER & SOFTWARE TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Gooch Auction Group, LLC reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE nor GOOCH AUCTION GROUP, LLC SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to registered bidders with updated information as deemed necessary by Gooch Auction Group, LLC. Any dispute between Gooch Auction Group LLC, its Agents or Representatives & any Party to this contract agrees to go to the Mediation Center of Kentucky, 177 North Upper Street, Suite 102 Lexington, KY 40507-1100, for resolution before trying in a court of proper jurisdiction. Agency: Gooch Auction Group, LLC, Agents and Representatives are agents of the Seller. Buyer and or Bidder agrees to hold harmless and indemnify Gooch Auction Group, LLC and it’s Agents and Representatives from any and all claims, damages or suits, including but not limited to awards, judgments, costs, fees, etc. Gooch Auction Group, LLC, reserves the right to alter online terms or descriptions for buyers at any time. This will take place by updating this site. Auction company owners and or contractors may bid on and purchase auction items. BIDDER DEFAULT: Failure to complete a purchase is illegal and will result in one or more of the following (1) prosecution (2) loss of bidding privileges for Gooch Auction Group, LLC. If a bidder at any time feels his/her username, password or bidder number has been compromised due to lack of security by the bidder, notify Auctioneer immediately. The information contained herein is believed to be correct to the best of the auctioneer’s knowledge. The information is being provided for the bidder’s convenience and it is the bidder’s responsibility to determine the information contained herein is accurate and complete. The properties are selling in their as-is condition with no warranties expressed or implied. The buyers will bid using the following bid increments in this online personal property auction. Bidding Increments: 0.00 – 100.00 1.00 USD 100.01 – 250.00 2.00 USD 250.01 – 500.00 5.00 USD 500.01 – 2,000.00 10.00 USD 2,000.01 – 10,000.00 25.00 USD ___
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 100.00 1.00 USD
100.01 - 250.00 5.00 USD
250.01 - 2,000.00 10.00 USD
2,000.01 - 10,000.00 50.00 USD
10,000.01 - 9,999,999.99 50.00 USD
Currency USD
Buyer Premium There will be a 15% Buyer's Premium
Payment Terms
Cash, Good Check
We do not ship. PICK UP SATURDAY JUNE 24TH 10-6PM Location: 264 Walton Ave, Lexington, KY 40502