BUSINESS LIQUIDATION AUCTION Grand Rivers, KY

REAL ESTATE: 3 TRACTS SOLD TOGETHER/COMBINED: Consider this turn key business opportunity in the lakes area. The Lake City Grill & Car Wash has been serving the public for some time now. Whether you would like to continue this business or start one of your own, you can not deny this commercial property is situated in an outstanding location! This is a concrete block building with a front patio with 2 - +/- 9’x +/- 16’ overhead garage doors with openers (one in front & the other in the back of the building). Located in the front is a nice covered picnic area. A paved asphalt parking lot surrounds this building with +/- 447.57’ of road frontage in 3 tracts. On the side of the building is a 3 bay car wash with 2 bays under roof and 1bay open for taller vehicles with a metal gable roof covering the building. This car wash is coin operated & self service. The building consists of central heat & air plus 2 window air conditioners, 2 - 200 amp breaker boxes & also has a 2” main water servicing the building for the car wash.

PERSONAL PROPERTY:

CAR WASH SUPPLIES: Magic Wand 3 phase car wash system model 280 E serial # 3216, 3.0 gal. per min. pump size, date mfg. 05/03, with 240 volts. 4 Mighty Mac coin operated vacuum cleaners, coin operated air freshener, Armor All, Magic Wand Towel, & Whitewall tire cleaner dispensers, 2 - $1, $5, & $10 American Change Corp. bill changers model AC 2221, serial 031415G17613, small coin changer, etc.

PORTABLE BUILDING: +/- 8’x +/-12’ barn style portable storage building.

SECURITY SYSTEM: 6 camera security system with monitor & Bunker Hill digital video recorder with computer.

RESTAURANT EQUIPMENT, FURNITURE & INVENTORY: Any & all inventory including tobacco, produce, drinks, chips, etc., will be sold if not sold before the auction. 2 Royal 500 DX electronic cash registers, 5 drawer filing cabinet, Cadco Ltd. warming oven, Schaefer cooler, 2 Wisco model 690 hot dog warmers, 3 tray warming oven, True refrigerator with cooling trays & work top, GE 4 slice toaster, 2 Curtis Stream Climber tea dispensers, 2’x 4’ stainless work table & refrigerator, 2 - 2’x 3’ wood cabinets with work tops, Maxtra 66 lb. digital scales, U.S. Berkel meat slicer, Bunn 3 pot coffee maker, weigh scales, deep fryer with grease cleaner, Collectramatic stainless steel breader/sifter model #412G, 2’ x 8’ stainless steel table, glass counters, steam table (table top), wall message board with doors, Stoelting ice cream machine, Caravell ice cream freezer, Taylor ice cream machine, ice cream freezer, nacho warmer, Lochinvar hot water boiler, Biro meat slicer, spot free water system, shelving, food heater, Omega stainless steel range hood, hood fans, new Kohler faucets, Coke machine, Otis Spunkmeyer cookie warmer, wood cabinet for forks, spoons & knives, potato chip rack, Little Debbie rack, cigarette display rack, candy & chewing gum rack, blue display rack, glass display equipment, silverware, pots & pans, 2 commercial exit bars (new in box), OPEN neon sign, floor buffer, stainless steel rolling cart, American Hood systems with CO2 fire extinguisher system, 5 ton AC unit, 3 compartment stainless steel sink, butcher block top cabinets, 2 restaurant style booths (2 tables & 3 benches), +/- 3 restaurant tables, 14 chairs, 7 other tables, 3 café style benches, 4 red arm chairs, +/-3’x +/- 4’ misc tables, 6 stools, other round & square tables, etc.

APPLIANCES: Frigidaire refrigerator, Whirlpool refrigerator, Whirlpool side by side refrigerator with ice & water in door, 6 burner stainless steel gas cook stove & oven, Red Hots (a product of Eagle Group) gas grill, 2 door stainless steel beverage air refrigerator, stainless steel refrigerator with cooling bins for salads, Sun Beam dorm size refrigerator, Kenmore freezer, True 3 door stainless steel freezer/refrigerator (compressor does not work), Kenmore chest freezer (does not work), Whirlpool clothes washer & dryer, A- coil air conditioner, condensers for a walk in cooler, upright ice freezer, beverage cooler, walk in cooler/freezer with panels & compressors, oven proofer upright unit NU-VU, electric motor, gas grills, dishwasher, etc.

GOLF CART SUPPLIES: 6 - 6 volt batteries, 2 – 36 volt chargers, 24 volt charger

MISC: New steel solid doors, frames for steel doors, 2 wooden picnic tables, 2 concrete picnic tables with 3 benches each, wood desk, paper rack, Black Jack table, Crosley select-o-matic radio/cassette player, Sanyo TV with DVD player, Sanyo TV, fans, etc.

REAL ESTATE: 15% good faith deposit due day of sale. Balance due in 30 days. 10% buyer premium added to final bid and included in the total contract price. Bank letter of credit required if unknown by Auction Co. Bidders are responsible for their own inspections and verifications either before or during day of auction. Announcements day of auction take precedence over any previous marketing either written or oral.

PERSONAL PROPERTY: Cash, credit card or check day of sale with proper ID required. 10% buyer premium added to final bid. Kentucky sales tax will apply as required unless tax exempt.

PROCEDURE: Initial procedure determined by auctioneer.

TITLE: Fee Simple Absolute title delivered.

DEED: Seller will provide a Special Warranty Deed.

PURCHASE AGREEMENT: Successful bidder/s will enter into a purchase agreement contract immediately upon conclusion of the auction.

POSSESSION: Possession given at closing.

RESTRICTIONS: Any recorded restrictions (if any) and zoning regulations apply.

EAESMENTS: Sale of property is subject to any and all easements of record.

ABSENCE OF WARRANTIES & DISCLAIMER: All information contained herein and all related materials are subject to the Terms and Conditions outlined in the Purchase Agreement. The property is being sold on AS IS, WHEREIS basis, and no warranty or representation, either express or implied, concerning the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own inspections, verifications, investigations, inquiries, and due diligence concerning the property. The information contained herein is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the sellers or the Auction Company. Conduct of the auction and increments of bidding are at the discretion of the auctioneer. The sellers and selling agents reserve the right to preclude any person from bidding if there is any question regarding the person’s credentials, fitness, etc. All decisions of the auctioneer are final.

ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. AUCTION COMPANY OR OWNER IS NOT RESPONSIBLE FORACCIDENTS.