Given the diversity of operations, top performing stores approach $600,000 in annual sales. In exchange for the investment opportunity created for buyers, we requested that bidders review due diligence, provided by seller, in advance of the auction; as no contingencies were offered in the sale. This provided an equal bidding opportunity for all bidders and the knowledge that all bidders competing have the ability to close the sale.
The Property included 7 operating facilities, along with all business assets, trademarks, contents and real estate, including 7 high quality buildings and acreage. The Property was offered individually and in whole; with special incentives offered to a portfolio buyer. Eventually, 2 parties came through and purchased certain locations to continue the legacy of the Creamery.