REAL ESTATE LISTING/ Turnkey Business / Business Personal Property Assets/ Business Name / Ongoing business concerns - Selling entire package: Real Estate, Personal Property, existing business -
This is being offered as a turnkey business with the successful Buyer
This is being offered as a turnkey business with the successful Buyer taking over the existing business using the SOUTHERN HOUSE AND GARDEN LLC name, honoring on the books reservations, receiving on the book deposits AND the Sellers working through a transition period whereby they work with every bride who has booked a wedding.
Once a successful offer has been accepted or negotiated will sign two (2) contracts with earnest money of 10% for each contract. The two contracts will be as follows: - one for the real property and a contract/bill of sale for the personal property and business/business assets - all sold as/is where is with Seller taking debt and all accounts payable up until closing date and turning over to Buyer all deposits for events booked at time of closing of real property. Any transfer of utilities, website, legal name transfer with the Alabama Secretary of State will be handled by the Buyer at their expense.
These announcements supersede any prior oral or printed statements and will be attached to and become a part of the contract.
Buyer must sign a non contingent contract and pay earnest money with 10% earnest money
The property will be sold by legal description and transferred by warranty deed.
The terms are 10% down payment with the balance due within 45 days or whenever is mutually agreed upon.
Purchaser to receive possession of the property upon delivery of deed at closing.
Purchaser to pay closing cost and title insurance. Seller guarantees
title to be free and clear.
Ad Valorem taxes will be prorated at closing.
PROPERTY SOLD SUBJECT TO THE FOLLOWING: All outstanding easements of any kind on said property, including but not limited to, roads, right of ways, utilities, water lines, and the like; any mineral, oil and past conveyances, leases or reservations; to any cemeteries that might exist on the property, outstanding leases recorded or unrecorded; zoning ordinances affecting the property; restrictions of record; wet lands; all rules and regulations of any appropriated authority having jurisdiction over the property, and any recorded encroachments of record.
BUYERS NOTE: All prospective purchases should examine the property and all surrounding documents carefully as each bidder is responsible for evaluating the property and shall not rely on the sellers nor the auctioneers. Sellers and Auctioneers are assuming that the bidders have inspected the property and are satisfied and accept it “As Is” without warranties expressed or implied. Personal on-site inspection of the property is recommended. Failure of any prospective purchaser to inspect or to be fully informed as to the condition of all or any portion of the property offered, will not constitute any grounds for any claim or demand for adjustment, offer or earnest money after its opening or tender.
All information was obtained from sources deemed reliable. Although every precaution has been taken to insure accuracy, the sellers and all of their agents will not be responsible for any errors or omissions herein.
Default by the Seller: If the Sellers are unable to make conveyance and to give title as herein agreed, the earnest money shall be refunded to the buyer and all obligations of either party shall wholly cease.
Default by the Buyer: Should the Buyer default in the performance of his/her contract in the time and the manner specified, then the earnest money shall be retained as partial liquidated damages and the seller may sue for specific performance.
AGENCY DISCLOSURE: Larry “Chip” Pearce Jr. has not been an agent for the Buyer in this
transaction. Larry “Chip” Pearce Jr. has been an agent for the Seller in this
transaction and is to be paid a commission by the Seller.
The Broker reserves the right to reject offers from anyone who does not comply
with the terms and conditions of this listing