LIQUOR LICENSE - TERMS OF SALE
A $10,000 Cashier’s Check (at time of registration) to participate. These funds must be presented as a deposit immediately at the time of successful bid. Deposit check is made payable to AJ Willner Auctions.
Balance of Payment
Balance of Payment is due by 3PM next day via wire transfer or cashier’s check made payable to AJ Willner Auctions.
Transfer of License
Auctioneer to hold all money in Trust Account pending transfer of license. Buyer of License is responsible for costs associated with transfer of license and must comply with all state & local rules & regulations.
License is being offered free & clear of all liens, liquor bills & taxes.
As-Is, Where Is
Liquor License is being sold “as is, where is” with no contingencies. Auctioneer makes no implied warranties or guarantees regarding the condition, description and/or marketability of the liquor license. Please consult with an attorney, the NJ ABC and the City of Paterson, NJ clerk’s office regarding regulations. Auction is not subject to a place to place or person to person transfer.
10% Buyer’s Premium applies to the sale of the license.
High Bidder is Bound to Their Bid
Auctioneer reserves the right to resell license, with buyer forfeiting their deposit, if these Terms of Sale are not met. In the event of a resale, original buyer will be responsible for any deficiency in sale price.
Bidders must rely on their own due diligence & research. Auctioneers and Attorneys are not responsible for any errors in mailers or advertising. Please use this information as a guide only.
INVENTORY & EQUIPMENT - TERMS OF SALE
A 25% minimum deposit is due at the time of successful bid in cash, certified, or cashier’s check. Business checks accepted if accompanied by a properly worded bank letter of guarantee. Click Here for a properly worded Bank Letter of Guarantee These funds must be presented at the time of successful bid. Bids without a deposit will not be accepted. No Credit Cards. No Personal Checks.
Final Payment must be paid at conclusion of auction or next day before 3PM. No Items can be removed until entire invoice is paid in full. Auctioneer reserves the right to resell buyer’s lots, with buyer forfeiting their deposit, if full payment is not made by 3PM, next day.
10% Buyer’s Premium applies to all purchases.
As-Is, Where Is
All items are sold “as is, where is” without warranty or guarantee. Please inspect all items carefully before bidding. There will be no re-bids or rebates after an item is sold. This catalog is presented strictly as a guide and is subject to errors and omissions.
Additional Terms of Sale may be announced by auctioneer on day of auction. A bid signifies acceptance of these Terms of Sale.