Toronto Cafe Business & Real Estate Auction

December 30, 2021 10:00 am

485 Main St., Toronto SD

Directions

Sold for $120,000.00

Auctioneer Notes

Auctioneers’ Note: This auction presents an outstanding opportunity to purchase a profitable business with an updated commercial building. The auction will be conducted on site at the property. The owners have both agreed to sell and are highly motivated!

Overview

COMMERCIAL BUSINESS & REAL ESTATE AUCTION
TORONTO CAFÉ & LOUNGE, 485 Main St., Toronto, SD

As we have agreed to sell the business, we will offer at public auction this downtown commercial business & updated property located at 485 Main St., Toronto SD. Watch for auction signs on: THURSDAY, DECEMBER 30th, 2021 SALE TIME: 10:00 A.M.

This remodeled restaurant & lounge provides an excellent business opportunity. The building has over 4,700 total square feet and features an updated and full kitchen that is turn key ready! The property also features a banquet room, lounge area, dining area and full bar. The business is ideally set up for food and beverage and includes an on & off sale beverage service. The property is updated and will include the kitchen & service items, dining items, security system, bar items, surround sound & lighting. This successful business has been profitable, balance statements available to prospective buyers. Take the step into ownership on this turn key, successful business with an updated building & facility that could be your very own!

For additional sale, property or business information, contact the auctioneers & brokerage firm. Don't Miss This Sale!

Description

N ½ Lot 12 & Lots 13, 14, 15 in Blk. 7 Original Plat, City of Toronto, Deuel County, SD

Terms

TERMS: 5% non-refundable earnest money deposit due day of sale; balance due on or before February 4th, 2022. Closing fees split 50/50 between buyer & sellers. Real Estate taxes are to be prorated to closing. Perspective buyers are responsible to conduct their own due diligence for any and all future use and transfer or obtaining any licensing required. Financial statements are available upon request. This property is sold subject to easements and restrictions, if any, and is sold subject to confirmation of owners. Inventory is not included in this sale. The sellers will operate the business through the end of 2021. The Sellers make no guarantees regarding any personal property items. Prospective buyers are encouraged to view or inspect the property prior to the sale. The property is also offered as is, where is, without warranties or guaranties of any kind. Information contained herein and all statements made herein are believed accurate but not guaranteed. Sellers do not guarantee any property boundary lines. LP Tank is leased, vid lot machines are not owned and will be subject to a new agreement. Credit card machine & soda machines are also not owned. Touchtunes machine, pool table, dart boards, TV's, bar signs, coolers, fridges, walkin cooler, tables, chairs, stools included. The brokerage firm & auctioneers represent the sellers in this transaction.

Owner

TORONTO CAFÉ & LOUNGE / Marlen Kasemodel & Nila Thibodeau - SELLERS

Additional Information

Brokerage Firm & Auctioneers, Burlage Peterson Auctioneers & Realtors, LLC Tyler & Lenny Burlage, Scott & Jim Peterson, Jill M. Cooper - Business Manager