6-21-13 – BUSINESS AUCTION

BUSINESS AUCTION
Toronto Bar & Café, Toronto, SD

As I have another business we will offer at Public Auction the Toronto Bar & Café located at 485 Main St., Toronto, SD, (Watch for Auction signs) on

Friday, June 21, 2013                 Sale Time 10:00 A.M.

This Bar amd Café On/Off sale plus Video Lottery which nets approximately $30,000 per year will be sold as a complete business.  The building has approx. 4,800 sq. ft. that has metal walls and roof w/brick front and remodeled kitchen.  Included in the business:  grill and stove w/hood and ansel system; stove and refrigerator; beer cooler; walk-in cooler; 2 smoke purifiers; broaster; deep fat fryer; ice machine; dishwasher; 5 freezers; 3 cash registers; 3 screen TV’s; all tables; chairs; dishes and misc.

Items not included are the pool table; dart machine; juke box; 2 Pepsi coolers and a burglar system which are all leased and an ATM machine.

This is a good going business and we invite you to inspect the property, or for additional information call the Owner or Auctioneers.  Come prepared to buy.

Legal Description:  N ½ Lot 12 & Lots 13, 14, 15 in Blk. 7 Original Plat, City of Toronto, Deuel County, SD

Terms:  Option I – CFD with 10% down date of sale, additional 10% due July 1, 2013.  Balance based on a 15 year amortized Contract for Deed to include interest at 6% with 5 year balloon payment.  Interest starts July 1, 2013.  Balloon payment due July 1, 2018, buyer may pre pay on CFD anytime.  Buyer pays for inventory at closing.

Option II – Cash 10% date of sale.  Balance due July 1, 2013 plus inventory.  Real Estate Taxes to be prorated to possession.  Title Insurance and closing fee to be split between buyer and seller.  Sold subject to confirmation of the seller.  Auctioneers and Realtors represent the seller.  All statements and descriptions believed accurate but not guaranteed.

BRIAN E. HELKENN, OWNER

AUCTIONEERS & REALTORS                                                              AUCTIONEER       
Lenny Burlage, Scott and Jim Peterson                                                          DeWayne Jurrens
Burlage Peterson Realty & Auctioneers                                                         Toronto, SD   605-794-2021
317 4th St., Brookings, SD  605-692-7102
www.burlagepeterson.com