AUCTION

Saturday • May 4th, 2019 • 10:00 A.M.

5± Acres • Commercial Property

Former French Quarter Restaurant

4840 Hatch Blvd • Sheffield, AL

SALE SITE ON PREMISES

Directions: From Second St (AL-184) and Hatch Blvd/Woodward Ave in Sheffield, go North on Hatch Boulevard for 0.2 miles to property on left between Clarion Inn and Outback Steakhouse.

Real Estate: This property lies in the heart of the Quad Cities, just minutes from Muscle Shoals and Florence. Formerly used as a restaurant and event venue, the building was built circa 1982 and consists of approximately 10,000 square feet. Situated on 5.11± acres with approximately 80 parking places, the building consists of a spacious dining area with bar, inside grill with large barbeque pit, and recessed entertainment room. In addition, a separate dining area features an outside entry, stage and bar. The large kitchen includes both washing and food preparation areas, walk-in cooler and several storage rooms. This building also features a sprinkler system, two large restrooms, two employee restrooms and a high-definition digital sign near Hatch Blvd. The outdoor area includes a bar, covered patio with bar, and fenced entertainment area with stage. ALDOT records show an average count of over 16,000 vehicles per day with nearby traffic counts in excess of 31,000 vehicles per day. This property provides an opportunity for investment in a high visibility area.

RESTAURANT EQUIPMENT, FIXTURES AND APPLIANCES SELL WITH REAL ESTATE

Partial Listing: Southbend Convection Oven, Southbend Industrial 6-Burner Gas Range, Toastmaster Pro-Series Grill, Hoshizaki Ice Maker, 3 Nemco Countertop Food Warmers, 3 Universal Coolers, Beverage-Air Coolers, Stainless Steel Sinks, Approximately 50 Tables, 160 Chairs & 12 Booth Seats, Miscellaneous Tableware, Miscellaneous Kitchen Cookware and Utensils, Storage Racks, Ceramic Top Prep Tables, Coffee Makers

Property will be shown by appointment, contact Agent’s office. Building will be open for inspection at 8 AM on auction day.

Sellers: French Quarter Partners, LLC

Terms: 10% down payment on day of sale. Balance due upon delivery of deed within 30 days from day of sale. Possession upon delivery of deed. Seller will furnish deed and owner’s title insurance. There has been no recent survey and Property will be conveyed by record title subject to deeded easements and covenants by TVA. Contact Agent for copy of said covenants or see document below. Seller reserves the right to accept or reject any and all bids. The building and contents will be sold “AS-IS” without warranties of any kind.

Broker Participation: Cooperating Broker participation for the auction is invited. See documents below or contact our office.

All information contained herein is believed to be correct, but not guaranteed. Announcements made by Auction Company the day of sale supersede any printed material.

Documents