WHAT IS A BUYER'S PREMIUM?
Posted on 10/06/2019
Restaurant Auction Company
February Restaurant Equipment Consignment Auction
Restaurant Equipment, Smallwares, Furniture
Online Bidding Only
Closes February 26, 2019
Bid Now!
www.RestaurantAuctionCompany.com
We Ship Nationwide
Partial listing: Refurbished Globe 30qt mixer, Delfield 72" pie case, True glass door freezer merchandiser, Cleveland double stack combi oven, Comstock Castle 36" range, Keating 2-bank fryer with dump station, True glass door refrigerated merchandiser, Manitowoc 250lb ice machine, new AHT 59" ice cream freezer, Cleveland 12-gallon kettle, Imperial 40lb fryer, (2) Taylor soft serve ice cream machines, Delfield 2-door freezer, Vulcan 60" range with 6 burners and 24" griddle, Blue Air 27" sandwich table, Comstock Castle 72" griddle, Manitowoc 1140lb ice machine, Pitco 40lb fryer, Garland 48" griddle, Continental 2-door refrigerator, new Imperial 36" 3-burner hot plate, Hardt Inferno rotisserie oven, Migali 60" worktop freezer, QBD glass door merchandiser, Hobart convection oven, Henny Penny rotisserie, Cleveland 3-gallon kettle, Scotsman 700lb ice machine, Traulsen pass-thru heated cabinet, Traulsen roll-in refrigerator, Carter Hoffman cook and hold oven, Hobart food processor, Hussman open air refrigerated display case, True 1-door refrigerator, Hobart automatic slicer, Fortuna dough divider, Delfield countertop refrigerated pie case, Schaerer Ambiente espresso machine, Barker dual temp display case, TurboChef oven, Vulcan convection steamer, Univex manual slicer, Duke 5-well steamtable, Frozen beverage machine, Adcraft proofer, Hatco 2-tier merchandising display warmer, Hussman dipping cabinet, Berkel bread slicer, Hatco pizza display, Wells countertop fryer, Delfield drop-in ice cream dipping cabinet, Hatco booster heater, Avantco 48" sandwich table, stainless steel worktables and sinks, restaurant dining tables and chairs, booths, Rubbermaid Commercial products and hundreds of smallwares.
TERMS
INSPECTIONS: One inspection will take place at the RAC warehouse prior to the closing of the auction on Monday, February 25, 2019, from 12PM-3PM. RestaurantAuctionCompany.com encourages potential bidders to inspect items before bidding. Bid with Confidence.
CONDITIONS AND DESCRIPTIONS: All items are sold as is. All sales are final and contain no warranty. Descriptions are believed to be accurate but are not guaranteed. If you have any questions about the condition of an item it is recommended that you attend our inspection day or confide in our rating system. Our 1-10 Likert rating scale is compiled by our professionals with over 30 years of industry experience.
AUCTION CLOSING: The auction will begin to close at 11AM on Tuesday, February 26, 2019. A staggered ending is in place where 3 items will close per minute. Bidding time will automatically be extended for items which a bid has been placed within the previous two minutes. This feature eliminates last second sniping and creates a more live auction atmosphere.
PAYMENT: Payment is required within 24 hours of closing. RestaurantAuctionCompany.com accepts cash, Cashiers check (no personal or company checks), and select credit cards (Visa and Mastercard). The credit card on file will be charged on the next day unless you notify us of your intent to pay with cash or Cashiers check.
BUYER'S PREMIUM: We charge a buyer's premium of 15%. Buyer's who pay in cash or Cashiers check receive a 2% discount on their buyer's premium. The premium is added in addition to the final selling amount.
SALE'S TAX: 6% Pennsylvania State Sales Tax will be charged on all items in this auction. Tax exemption forms must be faxed to 717-236-6620 PRIOR to the close of the auction.
REMOVAL: Item removal will take place Thursday, February 28, 2019 from 10AM-4PM. The valid invoice must be presented to remove any items. All removal is the complete responsibility of the buyer. All items must be removed on the scheduled removal day or they will be considered abandoned. NO EXCEPTIONS. No refunds will be given for items not picked up. RestaurantAuctionCompany.com is not responsible for any damage incurred during the removal process.
SHIPPING: Shipping arrangements can be made with RAC. Arrangements must be made immediately following the close of the auction. The cost of shipping is at the expense of the buyer. Additionally, RAC charges a $40.00 palletizing fee per item to be shipped via common carrier(palletizing fees may increase pending size of item). A $10 per box packing fee is charge for UPS Ground shipments.
ABANDONED ITEMS: Any items not picked up on specified removal days or scheduled to ship may be discarded, removed, resold or stored at the sellers discretion. No refunds will be given. When you place a bid and are notified of winning an item with RestaurantAuctionCompany.com, the item is now contractually yours and any fees associated with moving, removing, discarding, or collecting payment whether physical or legal are the responsibility of the bidder.
