This Will Be Offered 3 Ways. Selling With Reserve or Owners Confirmation. Offers Will Still Be Accepted Before The Auction. If The Offer Is Not Accepted By The Seller The Offer Will Be Brought To The Auction And Considered An Absentee Bid. Property Is Subject To Sell Before The Auction. Property Sells As-Is Not Subject To Any Inspections, Phase, or Environmental Test.
Lot 1. Real Estate Only
Lot 2. All Shop Equipment
Lot 3. Turn Real Estate, and Shop Equipment
We Will Not Be Selling Any Items Insividual At This Auction.
Here is an opportunity for you to purchase an entire turn key Steel Fabrication Business Real Estate and all. We will accept 3 different type offers. First you can make an offer on it in it's entirety. Second way would be for the real estate only. Third way you can make an offer on just the shop equipment. Below will explain what is considered real estate or shop equipment. This business offers approximately 7,000 square feet of offices, and shop space on .87 acres in Hope IN. Hope is located about 15 minutes from Columbus, or Shelbyville, and about 30 minutes from Indys Southside. The business also offers all its entire customer list, and 3 months of the previous owners transition advisory expertise. The previous years the business has been recording a gross income of $500,000 to $1,500,000 per year. 10% buyers premium will be added to the final offering price.
Shop equipment consist of office furniture, printers, welders, welding tables, presses, punches, metal stock, drill press, and other shop tools and hand tools.
Real estate would consist of the .87 acres, large crane installed outside, any cranes inside attached to building, air compressors attached to building, and all other fixtures that are attached to building. 3 phase power is on site and the shop has a bus wired with some machines plugged into it. Furnaces have been services on January 21st of 2020. New furnace in office area installed January 30th and one shop heater is on order. This property is zoned commercial / Industrial
AUCTION TERMS: 10% Buyers Premium added to offering price. Sells with owners conformation this is NOT an absolute sale. All real estate, and equipment is sold AS IS NO WARRANTY. All property sold not subject to any appraisals, inspections, or phase tests. Real estate must close within 45 days
Real Estate - $10,000 down payment is required day of auction as earnest money. Closing within 45 days
Equipment - $5,000 down payment is required day of auction. Final payment due within 7 days
Turnkey Business – $10,000 down day of auction. Real estate to be closed with in 45 days, Equipment will be separated out of price and agreed upon by buyer and seller, and that will be required to be paid with in 7 days.
Any leased equipment like welding tanks are not to be considered as part of the equipment.