Fine Dining Restaurant and Bar - Stella Restaurant Holdings

The following highlights key sale terms and identifies sale specific terms. These, along with our General Terms & Conditions of Sale comprise the Complete Terms of Sale. To confirm your responsibilities as a buyer, please review the items below and view or download the General Terms & Conditions of Sale.



INSPECTION: Wednesday, February 25 from 10am to 4pm
DEPOSITS: We reserve the right to authorize your credit card for $500 as an initial Auction Registration deposit and to increase the deposit to equal 25% of your total high bids. This authorization will place a 3-7 day hold on these funds with your credit card company, but will not be charged unless purchases are made. Bidders intending to spend in excess of $10,000 or International Bidders must make arrangements to provide a cash form of deposit (i.e. Wire Transfer) prior to the Sale to avoid bidding interruption;
PAYMENT DEADLINE: All payments are due by upon receipt of Invoice and no later than 5:00 pm on the day following the auction;
PAYMENT FORMS: Payments may be made by credit card (up to $5,000), or wire transfer only. Invoices under $5,000 will be provided with a link to pay by credit card. Credit card payments are subject to a 4% surcharge. If you prefer to pay by wire transfer, please email support@360assetadvisors.com.
BUYER’S PREMIUM: An 18% Buyer’s Premium will be added to the price of each item.
SALES TAX: Sales tax (based on the purchased item’s location) will be assessed on the purchase price plus buyers’ premium, unless you provide evidence of sales tax exemption, acceptable to ThreeSixty, prior to the close of the Auction. See General Terms & Conditions of Sale and Resale Exemption Forms below for more details.
REPRESENTATIONS: We do our best to provide information that will help Buyers to make purchase decisions, including indicating damage on items where known; however we do not guarantee descriptions or conditions. Further, neither Auctioneer or Seller makes any representation, guarantee or warranty as to the provenance, authenticity or operability of any items offered for sale. If you are uncertain about an item, do not bid. All Items are sold ‘As-Is, Where-Is’, with all faults and without recourse. Buyer assumes all risks, and all sales are final.
REMOVAL: Buyers are responsible to make arrangements for items to be removed during posted times. All removal is by APPOINTMENT ONLY. Paid Buyers can schedule appointments by emailing support@360assetadvisors.com. Buyers arriving without an appointment will be accommodated on an ‘as available’ basis or may be turned away. For assistance with shipping or rigging, please see our list of unaffiliated, 3rd party shippers. Buyers must bring all materials, carts and manpower necessary to remove their purchases from where the items sit and used licensed and insured riggers for installed items; we do not offer any loading or shipping services. IMPORTANT: Buyers must arrive with an ID that matches the name on the invoice. If sending a 3rd party to pickup on your behalf, you must complete and submit an Agent Release form to our office authorizing the 3rd party to pickup on your behalf. The 3rd party must provide ID matching the Agent Release form and sign documentation upon arrival at pickup.
REMOVAL TIMES:
We will NOT be open on the day of or day following the auction.
We will schedule appointments on the following days and times:
Saturday, February 28 thru Tuesday, March 3
9am to 4pm Daily
Appointment Required
INSURANCE REQUIREMENTS: Any buyer or buyer representative picking up items which require dismantling, rigging, utility disconnection, forklift or other machinery use onsite, etc., will need to provide a Certificate of Insurance with the following limits: General Liability 1M per occurrence / 2M aggregate; Umbrella 2M per occurrence / 2M aggregate; Auto 1M (owned/non-owned/hired); Workman’s Compensation Liability at statutory limits. The following parties should be named as additional insured: “ThreeSixty Asset Advisors” and “Carolyn A. Dye, Chapter 7 Trustee in the matter of Stella Restaurant Holdings LP”. Certificates of Insurance should be emailed in advance to support@360assetadvisors.com AND brought onsite.
See the General Terms & Conditions of Sale for complete buyer obligations.