25-107 CHERISHED POSSESSIONS PUB & BAYOU KITCHEN 2

by Keenan Auction Company, Inc.

Ends from Sep 15, 2025 1pm ET (6pm BST) Timed Online Auction

Important Information

SECURED PARTY SALE BY PUBLIC TIMED ONLINE AUCTION ONLINE BIDDING BEGINS: SUNDAY, AUGUST 31, 2025 AT 9AM (EST). ONLINE BIDDING ENDS: MONDAY, SEPTEMBER 15, 2025 AT 1PM (STAGGERED END TIMES). REMOVAL DATE: TUESDAY, SEPTEMBER 16, 2025 FROM 9AM-2PM. LOCAL PICKUP ONLY. RESTAURANT & KITCHEN EQUIPMENT - REFRIGERATION - ICE MAKER - STAINLESS STEEL TABLES - GLASSWARE & COOKWARE - HI-TOP TABLES - SEATING - BAR STOOLS - SMALLWARES RE: ASSETS OF CHERISHED POSSESSIONS PUB & BAYOU KITCHEN 2 64 AUBURN ST., PORTLAND, ME

Terms and Conditions

ONLINE BIDDING BEGINS: [DATE FORMAT: WEEKDAY, MONTH, DAY, YEAR, START TIME] LOTS START CLOSING: [DATE FORMAT: WEEKDAY, MONTH, DAY, YEAR, END TIME] (STAGGERED END TIMES) * The Timed Online Auction will be utilizing a staggered end time of (5) Lots ending every (3) minutes. Extending bidding will continue into the next end time until there is no bid for a full 2 minute period. (Lots 1-5 end at 1PM, Lots 6-10 end at 1:03PM, Lots 11-15 end at 1:06PM, etc. unless the lot is in extended bidding.) BIDS MAY NOT BE RETRACTED 96 HOURS PRIOR TO THE END OF THE AUCTION. TERMS: Valid credit card required to bid. PAYMENT IN US Funds: VISA/MC, WIRE TRANSFER ONLY. 18% Buyer's Premium. AUCTIONEER MAY CHARGE BUYER'S CREDIT CARD AT THE CONCLUSION OF THE AUCTION. ALL SALES ARE FINAL. In the event of a credit card charge-back, buyer will be responsible for any incurred reasonable administrative and legal fees. Purchaser responsible for shipping & handling costs. Once you become a winning bidder, title passes (UCC) and you are responsible for your own merchandise. Auctioneer & Seller are not responsible for lost or stolen items. SALES TAX: 5.5% Maine sales tax on all items. Dealers or exempt agencies must provide us with a copy of their annual resale certificate with the clerk at time of registration. Out-of-state residents are subject to Maine sales tax except if purchasing a motor vehicle and will be transporting from Maine to their place of residency. REMOVAL OF MERCHANDISE: No items may be removed until complete payment has been received. Buyers are required to make their own shipping arrangements. If items are not picked up during removal period, buyer will forfeit the item(s) with no refunds and a removal/disposal fee will apply. Buyer's must remove all of the lot purchased. No partial removal. If part of the lot is abandoned a removal/disposal fee may apply. REMOVAL DATE: TUESDAY, SEPTEMBER 16, 2025 FROM 9AM-2PM. LOCAL PICKUP ONLY, SHIPPING & PACKAGING SERVICES NOT PROVIDED. BUYER RESPONSIBLE FOR ALL SHIPPING ARRANGEMENTS. NO FORKLIFT ONSITE. BUYER RESPONSIBLE FOR ALL DISCONNECTS. BRING TOOLS & HELP TO LOAD. MISCELLANEOUS FEES: Auctioneer reserves the right to charge buyer's credit card, any unforeseen expenses for the removal/disconnect of item(s) purchased. DISCONNECTS: Purchaser is responsible for disconnecting any electrical, water, gas, fire protection systems, remote refrigeration lines and removal of refrigerants for items purchased. Disconnects are to be performed within the guidelines of industry-accepted standards and are to be performed by a qualified person. Any disconnect will be conducted in observance of current guidelines, statues, laws, and policies of the federal, state, and local agencies and/or other governing parties. Any incurred disconnect fee will be charged to buyers credit card. BUYER MUST CONDUCT WATER DISCONNECTS, CAP WATER LINES & DRAINS. RIGGERS: Riggers conducting business at the auction sites must provide a certificate of insurance stating coverage of a minimum of $1,000,000.00 General liability insurance prior to beginning removal. It is the purchaser's responsibility to provide to the auctioneer the proof of liability insurance. Additional insured may be required on the certificate of insurance. RIGGING COMPANIES: COTE CRANE & RIGGING, AUBURN, ME - (207)783-0561 DAVIS MAINTENANCE & RIGGING, BIDDEFORD, ME - (207)284-4247 DARYL D. GUSHEE RIGGING, NEW GLOUCESTER, ME - (207)926-3467 H&H RIGGING, FALMOUTH, ME - (207)797-0410 WARRANTIES: While descriptions are believed to be correct, the Auctioneer and the Seller make no warranties or guarantees, expressed or implied as to the genuineness, authenticity of, or defects in any lot, and will not be held responsible for advertising discrepancies or inaccuracies. Purchaser acknowledges that purchaser has had the opportunity to inspect the lots and that everything is sold on an 'AS IS', 'WHERE IS' basis except as expressly made in writing. No warranties are made as to the merchantability of any item or their fitness for any purpose. ALL SALES ARE FINAL. Auctioneer and Seller do not guarantee the accuracy or completeness of the information contained in the catalog. Purchasers should verify and inspect desired items prior to bidding. Auctioneer does not guarantee the provenance of an item, whether it is an antique, original, or reproduction. DAMAGES: Buyer does hereby indemnify and hold harmless Auctioneer and Seller from any and all damages and claims of any type whatsoever, caused during the auction or arising out of the auction, or by the removal of the merchandise purchased. Buyer will be held responsible for any damage Buyer may create to the real property, other merchandise at the sale, or parties during the removal process. The Buyer, whether acting as principal, agent, officer or director of a company or otherwise, in any capacity whatsoever, and the company Buyer represents, both jointly and severally agrees to indemnify and save harmless Auctioneer and Seller and their employees, agents, and attorneys, and real property owner from any and all actions, causes of action, suits, damages, costs, and losses of any nature, including injury and death, arising from the purchase or use of any merchandise, or the attendance or participation of Bidder, his/her agents or employees, at the auction and/or on the auction site whether before, during, or after the auction. DISPUTES: If any dispute arises between two or more bidders, the Auctioneer at his sole option may put up the lot again for sale at once and resell to the highest bidder. BIDS MAY NOT BE RETRACTED 96-HOURS PRIOR TO THE END OF THE AUCTION. BIDDING: The Auctioneer reserves the right to bid and to reject any and all bids including any bid, which is only a fractional advance over the preceding bid. TIMES THE MONEY OR ONE MONEY: Items are sold times the money or for one money. Example: If the Lot quantity is 2 and the bid price is $10, your total will be $20. Auctioneer guarantees the count when selling items Times the Money. When selling by the lot, counts are not guaranteed, you are buying as a lot for One Money. LOTTING: The Auctioneer reserves the right to group one or more lots into one or more selling lots and to add to or delete from lots at Auctioneer's sole discretion. Absentee bids will not be accepted. DEFAULT: In the event the Purchaser fails to pay the whole of the purchase price within the time set forth by the Seller, and/or fails to comply with any of the Terms and Conditions of Sale, the Seller may retain and/or recover the deposit specified as liquidated damages, and in addition thereto, can be resold at public or private sale without further notice. Any deficiency resulting from such resale shall be paid to the Seller by such resale and enforcement of the obligation there under. Buyer agrees to pay any and all charges and expenses incurred by reason of any breach of the Terms and Conditions of Sale, including without limitation reasonable attorney's fees. PLEASE NOTE: By registering for this auction you have agreed to, and are bound contractually to the terms and conditions of this sale and understand that any bid you make falls under the Maine Auction Law, Title II, Section 2-328 of the Uniform Commercial Code, and the Statute of Frauds. Maine auctions are under the jurisdiction of the State of Maine Department of Professional and Financial Regulations, Board of Licensure of Auctioneers, 35 State House Station, Augusta, Maine, 04330. If you do not agree with the Terms and Conditions of the Sale, please do not bid.