BIDDER CERTIFICATION, CONTRACT, T E R M S AND CONDITIONS ON-LINE AUCTION SALES CONDUCTED, HOSTED OR OTHERWISE ADMINISTERED BY COLLAR CITY AUCTIONS, INC. OR DESIGNEE. (AUCTION COMPANY OR AUCTION COMPANY) EITHER THROUGH AUCTION COMPANYS WEB SITE WWW.COLLARCITYAUCTIONS.COM or WWW.COLLARCITYAUCTIONSONLINE.COM OR ANY OTHER WEB SITE DESIGNATED BY AUCTION COMPANY FOR THE PURPOSE OF CONDUCTING AN ON-LINE AUCTION. NOTICE: Effective Immediately and due to increased fraud: We will only accept credit card payments if the line item of your invoice "Balance Due," is below $5,000.00. All invoices with a "Balance Due," exceeding $5,000.00 must be paid by cash, wire transfer or official bank check drawn on an FDIC Insured financial institution. (We do not accept money orders) 1. NOTICE: I, THE BIDDER AS PURCHASER UNCONDITIONALLY AND EXPRESSLY GRANT PERMISSION TO THE AUCTION COMPANY OR ITS REPRESENTATIVE(S) AS FOLLOWS: BIDDERS WHO DO NOT PAY WILL AUTOMATICALLY HAVE YOUR CREDIT CARD CHARGED WITH THE FULL AMOUNT DUE, PLUS A 15% ADMINISTRATIVE FEE, NOT AS A PENALTY, BUT AS LIQUIDATED DAMAGES TO THE SELLER AND AUCTION COMPANY. BY BECOMING A MEMBER OF OUR SITE, REGISTERING TO BID WITHIN ANY AUCTION AND CLICKING BELOW/ELECTRONICALLY SIGNING THE BIDDER CERTIFICATION,CONTRACT, T E R M S AND CONDITIONS, YOU EXPRESSLY AND UNCONDITIONALLY AGREE AND ACKNOWLEDGE TO BE FULLY BOUND TO ALL TERMS HEREIN THAT YOU HAVE READ AND IF NECESSARY HAVE HAD THE OPPORTUNITY TO REVIEW WITH COUNSEL PRIOR TO PLACING ANY BIDS. I further acknowledge that, at the sole discretion of the auction company, my account may be suspended or revoked as site registration and bidding is a privilege and MY NAME AND/OR BUSINESS NAME AND LOCALITY may be posted on the Auction Companies "Prohibited Bidder List" via our website(s). By agreeing to our terms of use, registering to become a member of our site, registering to participate in any auction, you acknowledge and grant irrevocable permission to the Auction Company to post my name as registered if I do not pay for all item(s) bid on and purchased. 2. Purchaser unconditionally agrees that any items not picked-up during scheduled removal shall be considered abandoned without recourse and no refunds or credits shall be issued. 3. YOU WILL RECEIVE AN INVOICE VIA EMAIL WITHIN APPROXIMATELY 24-HOURS AFTER THE AUCTION IS COMPLETED. YOU MUST LOG IN TO YOUR MEMBER AREA TO PAY VIA CREDIT CARD.(NO AMERICAN EXPRESS). All single or combined payments exceeding $5,000.00 must be paid via cash, official bank check, or wire transfer only. 4. REMOVAL: See individual lot description for shipping details. Language also provided hereto, but lot description shall take precedence. All Shipping and packaging, if any, shall be provided (INDEPENDENTLY) by The UPS Store, Locally owned and operated by Rachael Franklin at an additional cost. All items will be shipped with insurance at buyers expense. You must call 518-843-0550 to arrange shipping of your items once full payment has been received by the Auction Company. Local purchasers may pick purchases up as noted in Lot Description. 5. FULL PAYMENT MUST BE RECEIVED AS LISTED BY THE AUCTION COMPANY and Auction Company Invoicing Post Auction. It is the Buyers responsibility to contact the Auction Company if they do not receive an invoice via email within 24-hours after auction closes. Failure of buyer to supply a correct email address or claim of non-receipt is not grounds to cancel bid or obligations to perform. All single or combined payments exceeding $5,000.00 must be paid via cash, official bank check or wire transfer only. 6. A Buyers Premium Scale PER ITEM will be assessed based on the following, which will be added to the high bid price. (This is in addition to your bid price). $0 - $50,000 = 22% BP $50,001-$75,000 = 21% BP $75,001-$99,999 = 20% BP $100,000 and Up = 19% BP Buyers that do not pay on time shall be assessed a 15% late fee in addition to initial total amount due. Please be sure to read additional Auction Terms thoroughly. 7. Online Bidder Fees: Notice: Please read these terms and conditions thoroughly prior to registration. By checking the box next to the 'submit registration' button all bidders and other persons participating in Auction Companys on-line auctions agree that they read, write, speak and clearly understand the English language and have read these terms and conditions and have full knowledge of these online terms and conditions and unconditionally agree to perform and be bound thereby without reservation. 8. Identification: All purchasers are required to give full name (First and Last), company name, address, phone number, fax number, cell phone or secondary contact number, VALID email address, VALID credit or debit card information and VALID banking information when required. Your credit card will be charged $2.00 to verify the card is valid before being approved to bid, which will be immediately refunded. This is done only to verify the card is valid. 9. Anyone under the age of 21, or who for whatever reason are unable to enter into legally binding contracts, are prohibited from using our online auction or participating in any on-line auctions hosted by Auction Company. 10. Read these terms of sale carefully. By participating in the auction you agree to these terms and make representations as set forth herein. These terms are legally binding and if you violate any of them, Auction Company, or the Seller may seek legal relief, including but not limited to reporting your conduct to appropriate law enforcement entities. Please note that these terms include an agreement by which you wholly indemnify seller and Auction Company. 11. TERMS OF SALE - APPLICABLE TO ALL BIDS/SALES: a. All deposits, bidding and invoicing will be in U.S. dollars ($) only. b. When required by Auction Company, all bidders will be required to tender a deposit or credit card authorization in order to register to bid. No bidders will be registered without tendering said deposit or credit card authorization. The amount of deposit will be set by Auction Company on a case-by-case basis and will be posted on Auction Companys web site and/or shown herein. Deposits may be made by cash, certified funds, wire transfer, or credit/debit card (with sufficient available credit) only. Auction Company will post the requirements for each auction and/or each item or parcel on Auction Companys web site and/or herein. Personal checks and company checks will not be accepted. If Bidder elects to pay the down payment by wire transfer, a nonrefundable wire transfer reimbursement fee of $35.00 is required if Bidder resides in the United States, or $65.00 if Bidder resides outside the United States. This nonrefundable fee is to defray Collar Citys costs and expenses of processing the wire transfer payments. In no event shall any wire transfer fees be reimbursed. c. Once your online bid is submitted, you have entered into a binding contract with Auction Company and the Seller and you are unconditionally obligated to pay for your winning bid(s). Bidders must have adequate financial resources to fulfill bid commitments. By bidding, you are agreeing to be held personally liable for the bid amount, and any other fees or applicable taxes, whether or not the item description specifies the fees, taxes or assessments that may be applicable to the purchase of the item or property. No Bid may be withdrawn for any reason. d. Winning bidders who fail to pay for their bids (FOR WHATEVER REASON) will be assessed a penalty fee equal to 15% of the total outstanding invoice(s). This fee or monies available on any credit card will be charged to any registrant, agent or other person or entity that registered/bid with the Auction Company. If applicable, forfeit any monies already on deposit. At the sole discretion of the Auction Company, the bidders membership and or bidding privileges may suspended or revoked from participation in current or future auctions. By using this on-line auction service and electronically signing herein, you unconditionally agree that any dispute concerning the auction, payments and payment methods, removal of purchased merchandise, any bid, use of the online auction service, or goods or property purchased through this on-line auction shall be governed by the TERMS

Former Restaurant with Open Concept -Outstanding Business Opportunity

Begins: Thursday, Aug 1, 2024, 9:00AM EST
Location: 617 Union Street, Schenectady, NY 12305.
Preview: Monday, August 19, 10:00 AM - 12:00 PM.
Begins Closing: Thursday, August 22, 11:00 AM.
PLEASE CLICK MORE LOT INFO FOR IMPORTANT INFORMATION AND ADDITIONAL PICTURES.

NOTE: All Bids Are Placed at Max Bid.