CAR WASH AND OIL/LUBE

BY ORDER OF SECURED CREDITOR
CAR WASH AND OIL/LUBE
AUCTION
THURSDAY, JUNE 7TH, 2012 – 1PM
(2) Operating Car Wash & Oil/Lube Facilities
(1) Operating Car Wash & Laundromat Facility
1
Ferrysburg - Car Wash & Coin Laundromat
2
Fruitport - Car Wash & Oil Change/Lube
3
Spring Lake - Car Wash & Oil Change/Lube
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Auction will be held at
The Holiday Inn – Spring
Lake, 940 W. Savidge,
Spring Lake, MI 49456
BY ORDER OF
SECURED CREDITOR
Leaders in Innovative Auction
Marketing Methods
1-800-LASTBID
HEADQUARTERS-GR METRO CLEVELAND OFFICE
601 GORDON INDUSTRIAL CT.
BYRON CENTER, MI 49315
(616) 538-0367
9435 WATERSTONE BLVD.,
SUITE 140
CINCINNATI, OH 45249
(800) 527-8243
NORTHERN MICHIGAN
EASTERN MICHIGAN
210 NORTH GRACE ST.,
McBAIN, MI 49657
(800) 527-8243
1290 M-15
ORTONVILLE, MI 48462
(248) 627-5200
FOR MORE FULL COLOR PICTURES AND ADDITIONAL INFO SEE OUR WEBSITE AT: 1800LASTBID.COM
CAR WASH AND OIL/LUBE
AUCTION
1
#
(2) Operating Car Wa
& Oil/Lube Facilities
(1) Operating Car Was
Laundromat Facility
17629 174th Ave. • Ferrysburg, MI
1.86 Acres • 7,750 Square Feet Brick Building • Zoned General Commercial • Constructed in 2007
Information:
PP# 70-03-09-300-060
Location: Northwest corner of 174th Avenue and
Dogwood Drive, next to the Leppinks Supermarket.
SEV (2011) 502,000 (Note: Assessor estimated value
would be two times this number or $1,004,000 for
real estate only. No value is given for the business).
Includes:
1,200 Square Foot Laundromat
4,150 Square Foot Used for Car Wash (3 Self Serve,
1 Tunnel)
2,400 Square Foot Partially Finished Commercial
Space
Includes all car wash and laundry equipment. Features
vacuums, dog wash, express key, auto car wash, and
self serve car wash.
Financial information gathered by court approved
receiver by Amicus Management, Inc.:
Laundromat Sales- May 2011 – February 2012:
$55,315 ($5,531.00 per month)
Car Wash Sales- May 2011 – February 2012: $78,741
($7,874 per month)
Vending Income- May 2011—February 2012: $3,590
For additional information and details- call for a b
Auction will be held at The Holiday Inn –
Spring Lake, 940 W. Savidge,
Spring Lake, MI 49456
sh
s
h&
y
1800LASTBID.com
BY ORDER OF
SECURED CREDITOR
2
#
345 N. Third Ave., Fruitport, MI
•1.17 Acres • 4,349 Square Feet Brick Building • Zoned D- Business District
Information:
PP# 61-41-150-004-0004-00 &
61-41-150-004-0004-10
Constructed in 2005-2006
Municipal Water – Private Septic
SEV (2011) 405,300 (Note: Assessor
estimated value would be two times
this number or $810,600 for real estate only.
No value is given for the business).
Located in the Northwest corner of Third
Avenue and Oak Street in Fruitport.
Includes:
1,440 Square Feet Oil Change Area
1,024 Square Feet Tunnel Laser Car Wash
1,152 Square Feet Self Serve Car Wash
753 Square Feet Mechanical Room
(2) Tunnel Car Washes
(3) Self Serve Car Wash Bays
(2) Oil Change Bays
3
#
Note: Some oil change equipment is leased.
Buyer can either lease the equipment or
discontinue leasing the equipment and have
owner/leasor remove. Call for a bid packet for
details on the equipment that is leased.
Financial Information gathered by court
appointed receiver, Amicus Management, Inc.:
Lube/Oil Sales- May 2011 – February 2012:
$224,423 ($22,442 per month)
Car Wash Sales- May 2011 – February 2012:
$43,647 ($4,364 per month)
(Vending included in Car Wash Sales)
16785 150th Ave., Spring Lake, MI •
.67 Acres • 5,540 Square Feet Block Building
Information:
PP# 70-03-24-100-033
Constructed: Car Wash – 1997
& Oil Change – 2007
Location: On the Southwest
corner of 150th Avenue and
M-104 in Spring Lake.
SEV (2011) 277,300
(Note: Assessor estimated value would
be two times this number or $454,600
for real estate only. No value is given
for the business)
Note: Some oil change equipment is leased.
Buyer can either lease the equipment or
discontinue leasing the equipment and have
owner/leasor remove. Call for a bid packet for
details on the equipment that is leased.
Financial information gathered by court approved receiver,
Amicus Management, Inc.:
Lube/Oil Sales – May 2011 – February 2012: $150,008
($15,000 per month)
Car Wash Sales – May 2011 – February 2012: $59,415
($5,941 per month)
Includes:
1,700 Square Feet Oil/Lube
3,040 Square Feet Car Wash Area
800 Square Feet Office/
Mechanical Area
(2) Tunnel Car Washes
(3) Self Serve Car Wash Bays
(2) Oil Change Bays
bid packet or see our website at 1800lastbid.com.
“Leaders in Innovative
Auction Marketing Methods”
Miedema
Auctioneering Inc.
Auctioneers,
Winners of 24 NAA
Awards of
Excellence
for Advertising
CAR WASH AND OIL/LUBE
AUCTION
PRSRT STD MAIL
U.S. Postage
PA I D
Byron Center, MI
Permit No. 19
601 GORDON
INDUSTRIAL CT.
BYRON CENTER, MI 49315
By Order of Secured Creditor
(2) Operating
Car Wash & Oil/Lube
Facilities
(1) Operating Car Wash
& Laundromat Facility
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DATED
MATERIAL
IF YOUR MAILING
LABEL HAS AN
EXPRESS NUMBER,
PLEASE BRING
THIS BROCHURE
WITH YOU
FOR EXPRESS
CHECK-IN AT
AUCTION
OTHER MIEDEMA
COMPANIES:
A Miedema Company
R EAL E STATE T ERMS
Registration: Begins at
5pm at The Holiday Inn –
Spring Lake, 940 W. Savidge,
Spring Lake, MI 49456.
Deposit for Real
Estate: A deposit of
$15,000 is required at the
auction via cashierʼs check to
Miedema Auctioneering, Inc.
esquire. This deposit is NOT
refundable if the buyer does
not carry through with the
purchase. Your bidding is not
conditional upon financing, so
be sure you have arranged
financing if needed and are
capable of paying cash at the
closing.
Conditions: The terms
and conditions of this auction
will be governed by the
contract for the sale of Real
Estate (herein called the
buy/sell). The following terms
are a summary provided for
the convenience of the bidder.
The buy/sell is available in
the bidderʼs packet and
should be reviewed prior to
the auction. All properties sell
“AS IS WHERE IS” with no
warranties of any type
expressed or implied as to
the merchantability, usability,
fitness for a particular
purpose, or any matter of
whatsoever type or nature.
Any improvements, which
must be made, are the
responsibility of the
purchaser. All information
advertised or stated was
derived from sources believed
correct but is not guaranteed.
All property dimensions are
only approximations. Buyers
shall rely entirely on their own
information, judgment and
inspection of the property and
records. The real estate will
be sold free and clear of all
the liens. The property will
however be sold subject to
any easements and building
and use restrictions of record.
The auction company
reserves the right to bid to
protect the ownerʼs
investment. Any
announcements made at the
auction site take precedence
over printed material. Real
Estate sells subject to the
acceptance or rejection of the
high bid by Secured Creditor.
Closing Terms: Balance
of purchase price due at the
closing within 45 days. The
seller will pay taxes and
assessments due on or
before the auction.
Possession will be given at
the closing. Seller shall
provide an owners title
insurance policy in the
amount of the purchase price.
Closings will be held at a
local title company. Closing
fees of $350 will be divided
evenly between the buyer and
the seller.
Buyer’s Note: If you
are the successful bidder, you
must go to the closing table
to sign all the purchase
agreements immediately
following the conclusion of the
auction. At that time your
check will be endorsed as a
non-refundable deposit on the
property. Individual purchases
are to be considered as
singular transactions, not
contingent on any other
purchases of properties on
the auction. The ability to
obtain financing is NOT a
contingency of the sale. The
auction will be conducted at
the sole discretion of the
auctioneer and any bids may
be recognized at their
discretion. 10% Buyerʼs
Premium will be taken into
effect at the auction.
New Data: New data,
corrections, or changes could
be made after the printing of
this brochure. Please arrive
prior to the start of the auction
to inspect and consider any
new information and changes.
Bidder’s Packet:
Complete bidderʼs packets
including copies of the
buy/sell agreements and
more detailed information will
be available at the open
house or by calling to request
a packet be mailed to you.
Call the auction company for
details at
1-800-LASTBID.
U pcoming A uctions:
Snow Dairy Real Estate
Wed., May 9, 2012 | 6 pm EDT | 4903 W Toles Rd. Mason, MI 48854
Complete Liquidation of Snow Dairy, by order of U.S. Bankruptcy Court.
Modern 600 cow dairy facility with 270 acres and three homes
offered in 5 parcels or in its entirety.
Construction Equipment Auction
Wed., May 9, 2012 | 10 am EDT | 5137 Herd Rd, Metamora, MI 48455
Complete construction company liquidation of well maintained equipment
Snow Dairy Equipment Auction
Thurs., May 10, 2012 | 11 am EDT | 4903 W Toles Rd. Mason, MI 48854
Complete Liquidation of Snow Dairy & Farm Equipment
Waterfront Real Estate Auction
Thurs., May 17, 2012 | 8 am EDT
Properties in Morley, Reed City White Pigeon and Stanton MI
Spring Pontiac Construction Equipment Auction
Fri., May 18, 2012 | 10 am EDT | 207 N Opdyke Road, Pontiac, MI 48342
HUGE one day construction equipment auction.
Construction Equipment Auction
Wed., May 23, 2012 | 10 am EDT | Vicksburg, MI
Land Auction
Wed., May 23, 2012 | 6 pm EDT | 5338 100th, Caledonia, MI 49316
65 Beautiful acres in Caledonia Township.
Arbury Real Estate Auction
Thurs., May 31, 2012 | 6 pm EDT | 1054 Tittabawassee River Road,
Midland MI
Approximately 450 acres with 2 house and several barns.
Personal Property of Arbury Estate
Sat., June 2, 2012 | 10 am EDT | 1054 Tittabawasee RIver Road,
Midland MI, 48642
Call For FREE Detailed Brochures on
Upcoming
Auctions
1-800-527-8243
For a complete listing of upcoming
auctions
go to 1800lastbid.com