$55,000 Plus Inventory for Wisconsin and Michigan Eleven Branded Gas Stations C Stores Portfolio Business Only. Sale Structure: The transaction will be an asset sale on an “As-Is, Where-Is” basis aligned with limited representations and warranties in the Purchase and Sale Agreement to be provided as part of the Transaction process. Seller will prioritize offers for an all-cash purchase at Closing with no financing contingencies, and the Company will deliver the assets free and clear of any liens or encumbrances.
2. Purchase Price: All fee simple locations will be conveyed free and clear of liens to Buyer at closing. The Purchase Price does not and shall not include the value of fuel, merchandise inventory, or any parts or supplies.
3. Inventory: The purchase of fuel and merchandise inventory, any parts inventory, and supplies shall be purchased IN ADDITION TO the Purchase price at Closing by the Buyer. Fuel and merchandise shall be valued in a usual and customary manner based upon the last invoiced cost, plus transportation and any prepaid taxes. Inventory shall be measured and audited on a mutually agreed upon schedule, and any outside auditor costs shall be shared equally by Buyer and the Company.
4 . Assumed Contracts: Real Property Leases, Equipment Leases, Fuel Supply Agreements, and various operating & maintenance contracts (if any; including with suppliers and utility providers) shall be assumed.
5. Underground Storage Tanks (USTs): This paragraph intentionally left blank.
6.“As-Is, Where-Is”: The business and assets described herein shall be sold on an As-Is, Where-Is basis, with limited representations and warranties aligned with such a sale.
Please “do not disturb the employees” and call The Saleh Group for more information and showings, or visit us online.