"ONLINE ONLY" AUCTION of OURADA'S DIXIE LUNCH LLC

Bidding ends Tuesday, September 10, 2024 | 5:00 PM Central

Auction closed.

"ONLINE ONLY" AUCTION of OURADA'S DIXIE LUNCH LLC

Bidding ends Tuesday, September 10, 2024 | 5:00 PM Central

Auction closed.

Antigo, WI

Description

After years of successful operation, the owners are looking forward to retirement. They have achieved exceptionally high gross sales and maintain comprehensive financial records. Registered bidders with financial inquiries can contact Tim Nolan at 715-853-8111 or 1-800-472-0290. For questions regarding the bidding process, contact Nolan Sales weekdays from 8:30 a.m. to 5:00 p.m. at 715-754-5221.

Nolan Sales LLC

800-472-0290

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Payment Options: Wire Transfer
Payment Instructions: Buyers must register to bid prior to the auction. Final approval of all bidders will be given by Nolan Sales LLC. During the 10-day auction period, inquiries about bidding can be directed to Nolan Sales at 1-800-472-0290. High bidder will be responsible for making a down payment of 10% of the final sale price to Nolan Sales Trust Account by September 15th. Offer will be written as a cash offer not subject to financing, and the transaction will be closed by a title company to guarantee clear title, on or before November 15, 2024. Property is being sold "As Is - Where Is" with no warranties of any kind either expressed or implied. OPENING BID: will be $250,000.00, and property will be sold to the highest bid thereafter. There will be a $20.00 wire transfer fee, please include with your payment. All amounts denominated in other currencies (if any) shall be converted into the U.S. Dollar equivalent amount in accordance with the Exchange Rate on the date of sale.
Currency Type: USD
Shipping Instructions: None
Preview Date & Times: OPEN HOUSE: August 30th 3:00 to 5:00PM Central
Checkout Date & Times: Close transaction on or before November 15, 2024.
Location: 714 & 716 5th Ave, Antigo, WI 54409
Driving Directions:

Special Terms

Buyers must register to bid prior to the auction. Final approval of all bidders will be given by Nolan Sales LLC. During the 10-day auction period, inquiries about bidding can be directed to Nolan Sales at 1-800-472-0290. High bidder will be responsible for making a down payment of 10% of the final sale price to Nolan Sales Trust Account by September 15th. Offer will be written as a cash offer not subject to financing, and the transaction will be closed by a title company to guarantee clear title, on or before November 15, 2024. Property is being sold "As Is - Where Is" with no warranties of any kind either expressed or implied. OPENING BID: will be $250,000.00, and property will be sold to the highest bid thereafter.

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Closed Lots

DIXIE LUNCH AND FIFTH AVENUE RESTAURANT

Lot # 1

DIXIE LUNCH AND FIFTH AVENUE RESTAURANT: have been in downtown Antigo for over 75 years. Founded in 1945 by Ed & Georgian Ourada, these family owned businesses have been...more meticulously maintained. Both restaurants are often very busy due to the amazing downtown location, high quality food, service, and comradery. The approx. 40’x97’ building includes city parking at the rear of the building that is partially owned by the Ouradas. The two restaurants share a foyer entrance. Fifth Avenue Restaurant accommodates approx. 65 guests with amenities such as a salad bar, broiler, fryer, privacy booths, and table seating, along with a full service bar with 18 stools, and an office area. Dixie Lunch seats approx. 95 guests, and features booths, tables, and counter seating. This side includes a basement, and an office area. Both businesses share a fully equipped kitchen, including areas for table bussing and dishwashing, along with three operational walk-in coolers and one walk-in freezer. Each side has its own restrooms. A new roof was installed in 2019, and there are two roof air conditioning units installed in the last ten years. Fifth Avenue had new flooring installed 2-3 years ago. There is currently a full liquor license that covers both businesses, with the actual bar being on the Fifth Avenue side. There is also a restaurant license covering the entire building. New owners will need to apply for new licenses in their names. Owners are including all equipment on both sides of the building unless stated in writing prior to the auction. A bill of sale will be given for all personal property and equipment, and a warranty deed given for the real estate. Food and liquor inventory will not be a part of this sale. An inspection of the building will be permitted for Buyer or Buyer’s Agents any time prior to the auction by appointment. OPEN HOUSE: will be held on SATURDAY, AUGUST 24th from 3 P.M. to 5 P.M. where Nolan Sales representatives will be present to address property inquiries and financial details. AUCTION TERMS: Buyers must register to bid prior to the auction. Final approval of all bidders will be given by Nolan Sales LLC. During the 10-day auction period, inquiries about bidding can be directed to Nolan Sales at 1-800-472-0290. High bidder will be responsible for making a down payment of 10% of the final sale price to Nolan Sales Trust Account by September 15th. Offer will be written as a cash offer not subject to financing, and the transaction will be closed by a title company to guarantee clear title, on or before November 15, 2024. Property is being sold "As Is - Where Is" with no warranties of any kind either expressed or implied. OPENING BID: will be $250,000.00, and property will be sold to the highest bid thereafter. Click on the Proxibid icon on Nolan Sales website for easy access to the auction. AUCTIONEER'S NOTE: After years of successful operation, the owners are looking forward to retirement. They have achieved exceptionally high gross sales and maintain comprehensive financial records. Registered bidders with financial inquiries can contact Tim Nolan at 715-853-8111 or 1-800-472-0290. For questions regarding the bidding process, contact Nolan Sales weekdays from 8:30 a.m. to 5:00 p.m. at 715-754-5221.

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1.178.0.1936.cbf978e.8.29

Bid Range	Increment
$0.00+	$5,000.00

Category

Selling Format

"ONLINE ONLY" AUCTION of OURADA'S DIXIE LUNCH LLC

"ONLINE ONLY" AUCTION of OURADA'S DIXIE LUNCH LLC

DIXIE LUNCH AND FIFTH AVENUE RESTAURANT