This restaurant has been an icon for the area since the 1960's. Dotty’s business assets were sold in 2019. The tenant pays a monthly rent (month to month agreement) and a note payment. The buyer will have the option to keep tenant and current agreement in place or negotiate the termination of the note that is in place. The purchase was seller-financed through a promissory note secured by a UCC-1 lien on the restaurant equipment and business assets. The tenant continues to make monthly payments on that note.
Tenant Equipment / Business Assets (UCC Collateral)
Furniture & Interior
• Dining tables and chairs
• Counter seating / bar stools
• Interior décor and wall art
• Rugs or floor coverings not permanently attached
Kitchen / Restaurant Equipment
• Commercial grill
• Fryer
• Flat top grill
• Refrigerator units
• Freezers
• Prep tables
• Microwave
Service Equipment
• POS system
• Ice machine
Small wares-
• Pots and pans
• Cooking utensils
• Food prep tools
• Plates, cups, serving trays
Outdoor / Exterior
• Picnic tables or patio furniture
• Trash receptacles
Miscellaneous
• Storage shelving
• Office equipment
• Cleaning equipment
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For clarity in the listing and for buyers reviewing the opportunity, it may help to separate fixtures (which convey with the real estate) from tenant personal property (which does not).
Fixtures – Included With Real Property
These are items permanently attached to the building or site and would transfer with the property:
• Built-in hood system
• Built-in counters
• Plumbing fixtures
• Electrical installations
• Commercial sinks
• Installed vent hood system
• Building plumbing and utility infrastructure
• The red shed structure on the property
Tenant Personal Property – Not Included in Real Estate Sale
These items belong to the tenant unless otherwise negotiated:
• Restaurant equipment
• Portable appliances
• Dining furniture
• Smallwares and supplies
• POS equipment
• Decorative items and movable furnishings
Those tenant-owned assets are what serve as the collateral securing the business note.
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