AUCTION
December 6th, 2014 at 1:00 PM

Selling to the Highest Bid Over $75,000!!
18014 US 71 Highway, Wadena, MN 56482

• Redevelopment Potential
• Purchase as Turnkey Restaurant
• Open Your Dream Business

Directions:
From The Intersection U.S. Hwy 10 And 71 In Wadena, North On U.S. Hwy 71 Approximately 3 Miles. Subject On East Side of Hwy.

Selling in 2 Offerings*Offer 1: Bid on Real Estate Only (Building on nearly 2 acres)
Offer 2: Bid on Equip and Restaurant Supplies as 1 package
*Selling as 2 separate offering so the buyer looking to redevelop does not need to purchase the equip package if they do not plan to reopen the restaurant.

Auctioneer’s Note:

Unbelievable opportunity. This 5,000+ Sq foot building nestled in mature trees on nearly 2 acres will be offered to the public at live on site auction on Dec 6th at 1 pm. The Pine Cove restaurant has been a well known restaurant along highly traveled 71 for over 40 years. The restaurant was profitable and thriving and the owners had decided to retire from the restaurant business after many years in the business. They sold the business 2 years ago on a contract and got the business back in Aug of 2014. Sellers have decided rather than start operating the business again they would have a auction and sell it. Turn key opportunity for someone looking to run a restaurant. Endless potential…maybe a different business taking advantage of the high visibility. Convert to residential, multi-family, condos….??? Take your ideas to the city / township. The owners want it sold! Highest bidder over $75,000 will be the new owner. That’s not a typo – large building, all equipment and 2 acres on the golf course, don’t miss out on this once on a lifetime opportunity. Auction will be onsite on December 6th at 1:00 PM. Online bidding also available!

Property Info:

• PID#: 050223030
• 2014 Taxes: $2,938
• Finished Sq Ft: 5,000
• Lot Size: 1.97 Acres
• Year Built:1960
• Seating for 200 in Upstairs Dining

Preview Dates:
Nov. 25th from 6-7 pm
Nov. 30th from 1-2 pm
1 Hour Prior to Auction

Equipment & Personal Property
Dining Room
25 Square tables
3 Tables (Can be converted to round or square)
150 Chairs
1 Salad Bar
1 Electric organ
4 Room dividers

Lounge Area
5 Booths with tables (plus 2 more additional not in use)
3 Small round tables
2 Small square tables
2 Large square tables
10 Bar stools
30 Chairs
1 TV
1 Keg cooler (Superior)
1 cash register (Casio)
1 Under counter cooler (Superior)
3 Stainless steel ice coolers
2 High chairs
1 Three compartment bar sink

Lower Level
9 Square tables
7 Rectangle tables
90 Chairs
1 portable bar
1 Under the counter beverage cooler (Beverage Air)
1 Single door upright beverage cooler (McCall)
1 Piano
30 Folding chairs
1 Under counter cooler (Superior)
2 Stainless steel ice coolers
1 Three compartment bar sink
1 Three part stage

Waitress Station
1 Cash register (Casio)
1 Double coffee brewer (Geminigt)
1 Single coffee brewer (Curtis)
1 Ice machine (Scotsman)
1 Stainless steel serving rack
1 Microwave (Welbilt)
4 100 cup coffee makers
1 50 cup coffee maker

Other
3 Six ft banquet tables
9 Eight ft banquet tables
1 High top table
4 Bar stools
1 Steam table
5 Medal serving carts
2 Walk-in coolers (1 with glass doors)
5 Vacuum cleaners
300+ Place settings (large and small plates, cups, saucers, bowls, silverware, glassware, etc.)
400+ Assorted bar glasses and mugs
Additional storage racks

Kitchen 1 Single door upright freezer (True)
1 Dishwashing system
1 Ice cream freezer
1 Stainless steel serving station
1 Meat slicer (Univex)
1 Under the counter freezer (McCall Star)
2 Stainless steel prep table
1 Microwave
1 Convection oven (Blodgett)
1 Gas grill (Star)

Kitchen1 2 basket deep fryer (General Electric)
2 Stainless steel stand
1 Gas grill with 8 burners and 2 ovens (Wolf)
1 Metal 20 shelf prep storage cart
1 Five gallon mixer (Univex)
1 Double door freezer (Superior) needs compressor
1 Double door freezer (True)
1 Large 9 shelf can storage rack
1 Commercial pizza oven
4 Medal storage racks filled with pots, pans, inventory and kitchen cooking equipment
1 Kitchen aid mixer
2 Electric food warmers
1 Lettuce slicer
1 Four burner stove with oven (General Electric)
3 Electric roasters plus inserts

For More Information, please Call Shelly at 763-300-5055.

Terms of Sale:

• $10,000 down payment on Real Estate. Balance due at closing.
• 10% Buyer’s premium added to high bid to equal contract price. Example: $100,000 Winning Bid + 10% Buyer’s Premium = $110,000 Total Purchase Price.
• High bidder on equipment package to pay in full upon pick up.
• Buyer is aware the down payment is non refundable unless the seller cannot provide clear and marketable title.
• Broker participation invited, call for details.

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