WHAT IS A BUYER'S PREMIUM?
Posted on 10/06/2019
Restaurant Auction Company
Sofrito Gastro Pub/Fumo Bar & Hookah Lounge Equipment Consignment Auction
Restaurant Equipment, Smallwares, Furniture
Online Bidding Only
Closes April 26, 2019
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www.RestaurantAuctionCompany.com
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Sofrito GastroPub of Mohnton, PA has closed. All equipment and furnishings will be sold in this on-premise online auction.
Partial listing: Manitowoc 560lb ice machine, Bally 6'x8' cooler, Avantco 65" bottle box, Turbo Air 90" back bar unit with glass doors, CPG countertop fryer, Superior 72" megatop sandwich table, True 2-door refrigerator, True 1-door freezer, (2) Globe 12" manual slicers, Manitowoc UC ice machine, Perlick draft beer system, True 49" back bar unit with glass doors, Beverage Air 50" bottle box, under bar equipment including sinks, liquor displays, cocktail stations, DJ dance lighting, audio equipment, large selection of hookahs, furniture and smallwares
TERMS
INSPECTIONS: One inspection will take place at the Sofrito Gastro Pub, located at 360 East Wyomissing Ave, Mohnton, PA 19540 prior to the closing of the auction on Thursday, April 25th, 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 Friday, April 26th. 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 Monday, April 29th 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.