Folks, Inc. Bankruptcy Case #20-65348-SMS

Selling all remaining assets from 3 former Folks, Inc. restaurant locations.
  •   Jun 15 @ 6:00am EDT (Start)
  •   Jun 23 @ 10:00am EDT (End)
  •   Add to Calendar
Folks, Inc. - Bankruptcy Case #20-65348-SMS
BANKRUPTCY CASE #20-65348-SMS
AUCTION

3 Locations
Folks, Inc.


4286 LaVista Road, Tucker, GA 30084
2031 Cobb Parkway, Marietta, GA 30060
1081 Iris Drive, Conyers, GA 30094


SELLING ONLINE ONLY

BID DEADLINE (Starts To Close): Tuesday, June 23rd @ 10 AM

 
ASSET DESCRIPTION: Selling all remaining assets from 3 former Folks, Inc. restaurant locations. For a sample of the assets being sold, please click the "All Photos" tab.

ONLINE BIDDING REGISTRATION: Online bidding to Monday, June 15th.


INSPECTION: Monday, June 22nd:
2031 Cobb Parkway, Marietta, GA - 9 AM - 11 AM
4286 LaVista Road, Tucker, GA - 12 PM - 2 PM
1081 Iris Drive, Conyers, GA - 3 PM - 4 PM
You are STRONGLY advised to inspect the items, in person, during the inspection period in order to validate the descriptions and/or photographs in the catalog. Should you have any questions, please contact Scott Schwartz at 404-550-3490 or scott@bullseyeauctions.com or Rick Sammons at 770-490-0798 or rick@bullseyeauctions.com

TERMS: All items must be paid in full by cash, cashier’s check, business check with bank letter of guarantee or wire transfer. Major credit cards are accepted but will include a 3% convenience fee at checkout. Immediately following the auction, Auctioneer will email each winning bidder an invoice. Payment for a 3 locations will be accepted at 4286 LaVista Road, Tucker from 8 AM – 2 PM on Wednesday, June 24th. Payment must be received no later than 2 PM on June 24th.

All items are sold AS IS, WHERE IS.

REMOVAL: Wednesday, June 24th:
4286 LaVista Road, Tucker, GA - 8 AM - 2 PM
2031 Cobb Parkway, Marietta, GA - 8 AM - 2 PM
1081 Iris Drive, Conyers, GA - This restaurant is being sold in a single bulk offering. Auctioneer will coordinate with successful time for removal to take place no later than Friday, June 26th @ 5 PM
Once full payment has been received, removal can begin. Successful bidders are responsible for the removal of all purchased items. Please do not assume there will be boxes, hand trucks or assistance with packing or loading. Failure to adhere to the posted times for removal, will incur additional expense.

ADDITIONAL TIME – There is no additional time available for removal. If you cannot meet the requirements for bidding, pickup or any other aspect of this auction, please do not bid.

Regardless of when you pick up your item(s), payment in full must be received by the times posted.

LEGAL CONTRACT – Your participation in our auction is your acknowledgement and acceptance of the terms and conditions presented here. Your failure to adhere to any of these terms and conditions may constitute a breach of contract and may cause irreparable harm to Bullseye Auction & Appraisal and/or our client. In this event, we and/or our client(s) may attempt to recover any financial or other damages by pursuing any action afforded by law.

SALES TAX: Applicable sales tax will be added to all assets UNLESS proper tax exempt forms are brought with you to the auction, NO EXCEPTIONS.

BUYER’S PREMIUM: There is NO Buyer’s Premium for this auction. 

ADDITIONAL CONDITIONS: All items are being sold “AS IS, WHERE IS” with no warranties expressed or implied. Buyers should carefully verify all items and make their own decision as to the accuracy thereof before relying on the same. Items may be added or deleted without notice. All items subject to prior sale. Online bid increments are at Auctioneer’s discretion. All sales are final.

SALE MANAGERS:
Scott Schwartz at 404-550-3490, GAL# 2643
Rick Sammons at 770-490-0798, GAL# 3575

Terms & Conditions for Personal Property Auctions

  • Removal of ALL items must occur during the posted removal period.  There are NO EXCEPTIONS.
  • There may be a buyer's premium added to all winning bids.  Check specific auction listing for details.
  • Appropriate sales tax will be charged for all purchases unless proper sales tax exemption documentation is provided.
  • The lots will be sold at a rate of either 1 or 2 lots per minute.  Please check individual auction or speak to auctioneer for specific details.
  • The bid extension feature is in place.  This feature will extend the bidding an additional 3 minutes for any item that has received a bid within 2 minutes of the ending bid time shown for that item. This feature has been added to eliminate sniping and to make the online bidding process more like a 'live' auction.
  • If bidding on a particular lot is extended, the closing of subsequent lots will continue.
  • High bids cannot be cancelled.  Please make certain that you are bidding on the correct item and at the bid amount you want prior to placing a bid.
  • Once the auction concludes, you may be contacted by phone.  Please be expecting the call and be prepared to discuss your plans.
  • Should you have any questions or concerns do not hesitate to call Rick at 770-490-0798 or Scott at 404-550-3490.
  • Assistance and/or tools are not provided for removal of your items.  Please be prepared with proper tools and labor for removal of your items.
  • By placing a bid, you acknowledge and agree to the above terms and conditions and those printed in the auction listing.

Have fun, bid first and bid fast.  But remember ALWAYS bid last!

 

Thank you again for participating in our auction!  We greatly appreciate your business!