All bidders must be in possession of a $25,000 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 Benjamin Stanziale, Trustee.
Balance of Payment
Balance of Payment is due by 4PM Tuesday, June 26th via cashier’s check.
Transfer of License
Buyer of License is responsible for paying the July 1st, 2018 renewal fee and any costs associated with transfer of license. Buyer must comply with all state & local rules & regulations.
The sale is subject to trustee's approval and bankruptcy court confirmation. 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 Town of Secaucus, 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.
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. Thank you for attending this auction.