Property and Assets to be sold to the highest bidder above $50,000. Earnest money of 10% of the final bid price is due within 48 hours of the auction close. This is not refundable, but it will go towards the total amount due. Closing will need to be completed no more than 3 weeks later, by April 13, 2023. The following buyer fees will be the responsibility of the buyer: 10% buyer premium (based on final sale price) Title search and exam (estimated $300-350.00) Closing fee (estimated $230.00) Owner's insurance policy (estimated $325.00) Wire transfer fee (estimated 30.00) Recording fee for Deed (estimated $25.00) The seller will be responsible for the purchase agreement and the deed preparation. The closing will take place at "The Title Team" in Grand Forks, and the closing date will be contingent on the payment. Please contact Jonathan @701-739-1164 for any questions about this sale.

This is an amazing opportunity to own a turn-key restaurant in a cozy little North Dakota town. This is also a piece of history that has been in operation since 1933! This auction includes the property & building (fully paid for), the restaurant equipment, and the name. This is a fully operational business that will continue to be open throughout most of the auction! The building is 2,300 square feet and is rated to seat 65. The building includes a 29' x 25-1/2' dining area; 50' x 8-1/2' storage area; 29' x 11-1/2 overflow dining area/meeting room. The kitchen/food prep areas are not measured because they are several smaller areas all tied together. Recent upgrades include the fire suppression system in the kitchen and the roof exhaust system. The fire system is an Ansul R-102 wet chemical system installed in January 2022, and the roof vent was installed in 2021. Both of these were expensive upgrades that have kept the building up-to-date. The restrooms are both simple and clean. The included equipment includes: 8 freezers: 3 chest freezers and 5 upright 3 make lines: a pizza make line, sandwich make line and ice cream make line VERY nice Stoelting ice cream machine. Model E131-3812 (Serial Number #6088803N). Comes with books/manuals Frymaster 4 basket deep fryer Anets 6 foot commercial griddle Ice cream freezer Scotsman ice maker Magic Chef gas stove 2 Cook & Serve food warmers Side by side fridge/freezer There are a few things *NOT* included: The Christmas village in the corner of the dining room will be removed prior to the auction ending The Coke & Pepsi machines are owned by Coke/Pepsi. They are able to stay in the restaurant at no cost as long as you buy product The 2 coffee makers/machines are owned by the coffee company. They are able to stay in the restaurant at no cost as long as you buy product Propane tank is leased--not owned Food & paper product inventory. Any inventory left will be incidental, the owners are not planning to have a fully stocked storeroom as they sell the business. Property and Assets to be sold to the highest bidder above $50,000. Earnest money of 10% of the final bid price is due within 48 hours of the auction close. This is not refundable, but it will go towards the total amount due. Closing will need to be completed no more than 3 weeks later, by April 13, 2023. The following buyer fees will be the responsibility of the buyer: 10% buyer premium (based on final sale price) Title search and exam (estimated $300-350.00) Closing fee (estimated $230.00) Owner's insurance policy (estimated $325.00) Wire transfer fee (estimated 30.00) Recording fee for Deed (estimated $25.00) The seller will be responsible for the purchase agreement and the deed preparation. The closing will take place at "The Title Team" in Grand Forks, and the closing date will be contingent on the payment. Please contact Jonathan @701-739-1164 for any questions about this sale.