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RESTAURANT BAR Incl. FFE, and/or LIQUOR LICENSE or COMBINATION (Cresco)

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230 Sand Spring Rd

(google map)

Real Estate with FFE, or Liquor License, or Combination

230 Sand Spring Road, Cresco, PA 18326
Monroe County

LIVE AUCTION
WEDNESDAY, SEPTEMBER 18
12 NOON

PREVIEW
WEDNESDAY, SEPTEMBER 4
4 - 6 PM

OFFERED SEPARATELY AT $75,000 MINIMUM BID
THEN IN COMBINATION

The Former Velma's on Sand Spring Restaurant

PROPERTY HIGHLIGHTS:
- Turnkey restaurant and bar for sale: includes furniture, fixtures, and equipment
- 2100+ sq ft
- Open granite bar seats 16
- Seating for 70 in three dining rooms
- Recently updated kitchen at cost of $70,000
- Walk-in cooler
- Freezer
- Fireplace
- Sushi bar
- 1100+ sq ft storage basement
- Concrete construction
- Standby commercial generator (propane hookup available)
- Land .23 acre with additional .86 of an acre across the street for parking
- Well and water system has current DEP approval

CHOICE LOTS:
REAL ESTATE INCLUDING FFE > Offered individually with a minimum bid of $75,000: turnkey restaurant with FFE (Lot A)

LIQUOR LICENSE > Offered individually with a minimum bid of $75,000: Monroe County, PA Class R liquor license with Sunday Sales (Lot B)

COMBINATION > Offered in combination with a minimum bid equal to Lot A high bid + Lot B high bid + 5% Combination Premium (Lot C)

HIGHEST BIDDER(S) WILL BE AWARDED AS PURCHASER(S)

TERMS & CONDITIONS:


- Brief Terms: Closing within 35 days, or by/before October 23, 2019.

Interested bidders must present photo identification and bank cashier's check(s).
Ten percent (10%) Buyer's Premium is added to all purchases awarded in part or in whole.

- We strongly encourage bidders to arrange necessary financing ahead of auction day. Knowing the amount of a mortgage you are approved for determines how much you can pay for any property, no matter how you buy it.

- Closing within 35 days, or by/before October 23, 2019.

- For bidder FAQs, please see our web page Real Estate > For Buyers

- Seller guarantees clear title on real estate and transferrable PA liquor license.

- This is not a foreclosure.

- All announcements made day of sale take precedence over any previously stated or printed material or information.


BidLegacy.com

SEEK. WIN. CHERISH.


Legacy Auction & Realty AY002051
Rich Coccodrilli, Jr., Licensed PA Auctioneer
show contact info
  • do NOT contact me with unsolicited services or offers

post id: 6949585851

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