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BRIDGE TAVERN & RESTAURANT

BRIDGE TAVERN & RESTAURANT

Real Estate and Liquor License Auction

Monday, September 19th at 2:30 PM

222 South Market Street, South Williamsport PA 17702

An area landmark…the Bridge Tavern & Restaurant is being sold at auction. This is your opportunity to buy a restaurant that has been part of the community for over 50 years.  Renovated in 2013, this 150+ seat / 2-story restaurant containing approximately 4000 square feet is being offered fully furnished.  Taxes are approximately $8,000.00 per year. Lycoming County Liquor License (R # 18519 – currently in safe keeping) shall be offered separately or in combination with the real estate.

Sale of real estate includes all furniture, fixtures and equipment in place at the time of the auction and ready for the new owner to open the doors and start operating…Dining / Kitchen / Bar Equipment (highlights only): 10 Burner Range, Double Convection, Chargrill, Flat Grill, Triple Fryer, Steam Table, Glass Washer, SS Sinks and Tables, Walk-In Refrigerator and Freezer, Sandwich Prep Units, Glass Door Refrigerators, Beer Tap, Ice Machine, Shelving, etc; Booths, Tables, Chairs and Barstools. 

Building: Natural Gas and Hot Water; Spit System AC (new in 2013); Shingle / Flat Roofs; 3rd Floor is approved for Office with Bathroom / Shower; Basement; Parking

Property will be shown by appointment only.

General Terms: To be sold with immediate owner confirmation. 10% Buyer’s Premium will be charged.  Real estate and contents are sold in As-Is Condition without warranty or representation as to the condition or intended use of the property. Separate non-refundable deposits shall be paid at time of sale and with the signing of the Agreements of Sale.  Real Estate Deposit: $20,000.00 or 10%, whichever is greater, to be paid on auction day as follows: $20,000.00 by cash or cashier’s check payable to Jennings and Grosh, Inc., with any balance by acceptable check.  Liquor License Deposit: $10,000.00 or 10%, whichever is greater, to be paid on auction day as follows: $10,000.00 by cash or cashier’s check payable to Jennings and Grosh, Inc., with any balance by acceptable check.  Any other payment arrangements shall be approved in advance by Auctioneer. Real estate settlement shall be within 45 days of auction, and is not contingent upon approval of liquor license transfer.  Balance of liquor license shall be paid within 10 days of approval of transfer by the PLCB.  Announcements at auction take precedence over all printed advertising and materials.

Call auction company at 717-268-0020 for complete information packet and to schedule an appointment to view the property.