DUAL BID AUCTION
WHEN: Wednesday, April 27th, 2022
TIME: 12:00 PM
WHERE: 2301 Highway K, Bonne Terre, MO 63628
Public Preview Date: Tuesday, April 19th 5:30pm-7:30pm!
FULLY OPERATIONAL BUSINESS!
TURN KEY OPERATION!
INVESTMENT OPPORTUNITY!
This historical property originally opened its doors in the 1930’s and has been serving St. Francois and surrounding counties continuously ever since. This family owned and operated pinnacle in the community is now available for purchase. Peterson Feed & Farm provides quality farm, ranch, and agricultural products and services, as well as a plethora of other resources such as pet, home, wildlife, and garden products.
Peterson Feed & Farm is the only pellet mill within 45 miles and provides bulk grain and fertilizer deliver services as well as cart rentals. They offer all natural custom livestock feed blends, custom minerals, bulk molasses, food plot seed, grass seed, bird seed, farm fresh eggs, straw, year-round bulk Kerosene, pond maintenance services, soil testing services, propane fills & exchanges, insecticides & herbicides, and much, much more.
All office equipment, vehicles, forklifts, pallet jacks, grain & fertilizer carts, feed mixers, scales, elevators, augers, pellet mill, compressor, welder, power washer, assorted tools, and much more will convey with the sale; a specific equipment list can be provided upon request.
All remaining inventory will also convey with the sale and at the time of listing entry is estimated at $200k in value.
Numerous upgrades have been made to the buildings, equipment, and operational resources all within the last 5 years including, but not limited to, bathroom upgrades, auger belts, pumps, boiler upgrades, mill motor upgrades, seals & switches, A/C Unit, compressor, alarm system, water softener, and more.
P/L Statements for the past 3 years can be provided to qualified buyers. Current sellers can provide guidance and training as necessary; operating manuals and cheat sheets are also available.
TERMS AND CONDITIONS FOR SEALED BID AUCTION
- BID SUBMISSION INSTRUCTIONS: Bids MUST be submitted by 12:00 pm CST, April 27, 2022 to Harris Real Estate & Auction, 3855 State Route 45 North, Mayfield, KY 42066 in a sealed envelope labeled SEALED DUAL BID FOR PETERSON FEED & FARM PROPERTY. Bidders must also label the bid envelope with their name and address. Bidders must use the Sealed Bid Form found in the Property Information Package (PIP) or on the Internet at www.harrisauctions.com. Bids must be accompanied by a deposit in the amount of $25,000.00 in certified or bank cashier’s check which will become part of the earnest money deposit and non-refundable to the Buyer. The check shall be made payable to Harris Auctions, Escrow Agent. The bidder shall sign the Sealed Bid Form. It is the sole responsibility of the bidder to ensure that their Sealed Bid is received by the bid deadline. It is suggested that all bids be sent via overnight mail or hand delivered and that confirmation of receipt is received by bidder. Sealed bids received after 12:00 pm CST, April 27, 2022 will be returned, unopened, to sender. In addition, the bidder must be prepared to execute the Purchase and Sale Agreement on or before May 3, 2022 upon being declared the Winning Bidder. Said Purchase and Sale Agreement is included in the PIP. No changes will be allowed to the Purchase and Sale Agreement. All the terms and conditions relating to the purchase and sale of the property are set forth in the Purchase and Sale Agreement contained in the PIP.
- BID OPENING AND RESPONSE: Bids will be opened by Harris Real Estate and Auction at their office 3855 State Route 45 North, Mayfield, KY Seller reserves the right but not the obligation to select the best bids submitted by the deadline on the Sealed Bid Offer Form with the appropriate deposit. The deposit checks of the remaining bidders will be returned. The selected bidders may be notified in two business days, via phone, fax or e-mail, and invited to participate in the Private Outcry Auction.
- PRIVATE OUTCRY AUCTION: At Seller’s sole discretion, a Private Outcry Auction will be held on May 3, 2022 at Premier Farm Realty Group & Auction 8721 Commercial Blvd Ste A, Pevely, MO 63070 at 12:00 PM with the Best Bidders as determined by Seller. The initial down payment MUST be increased to Fifteen Percent (15%) of the Sale Price on May 3, 2022 at the conclusion of the Private Outcry Auction upon acceptance of the winning bid and signing of the Purchase & Sale Agreement, Said deposit will be held by Harris Real Estate & Auction or Title Company as Escrow Agent pursuant to the terms of the Purchase and Sale Agreement.
- PROPERTY INFORMATION PACKAGES: A Property Information Package (PIP) providing more specific information on the properties is available. A PIP may be obtained by a prospective bidder online at harrisauctions.com or by email request to harris@harrisauctions.com All PIP requests must include name, address, phone, fax and email address of prospective bidder. Seller and Harris Real Estate & Auction shall not be liable for any inaccuracy contained in any reports or information furnished to bidders in the PIP.
- PROPERTY INSPECTIONS: Prospective bidders may attend a tour of the property on April 19, 2022 from 5:30 pm – 7:00 pm at Peterson Feed & Farm, 2301 Highway K, Bonne Terre, MO 63628. The property is being sold AS-IS, WITH ALL FAULTS and neither Harris Real Estate & Auction nor Seller makes any representations or warranties whatsoever. Inspection of the property and any materials related to the property by you and your experts prior to submitting a bid is encouraged. Those inspecting the property assume all risk associated with any inspection of the property.
- PROPERTY CONDITION: Except as expressly set forth in the Purchase and Sale Agreement, if and when executed; (A) The Property is being sold “as is “ and with all faults, as of the closing date, without any representations or warranties whatsoever, including without limitation, concerning its condition, fitness for any particular purpose, merchantability, compliance with governmental laws, ordinances or regulations or any other warranty, express or implied; (B) The successful bidder who becomes a party to a binding Purchase & Sale Agreement will be acquiring the property based solely on its own independent investigations and inspections of the property and not in reliance on any information provided by Harris Real Estate & Auction, Seller or their agents or contractors; and (C) neither Harris Real Estate & Auction nor Seller will be obligated to alter, repair or improve the property.
- BID AWARD: All bids shall be irrevocable and subject to acceptance through May 3, 2022. All persons submitting bids will be notified via phone, fax or e-mail of their invitation to the Private Outcry Auction or rejection of their bid.
- BID ACCEPTANCE-REJECTION: Seller reserves the right, in its sole and absolute discretion, to reject any and all bids submitted. Seller agrees that only those bidders who submit Sealed Bids shall be eligible to participate in the Private Outcry Auction. Seller reserves the right to waive any technical defects in a bid in its sole and absolute discretion.
- CLOSING: Shall take place on or before May 27, 2022 at the location set forth in the Purchase & Sale Agreement. In the event any Purchase and Sale Agreement is terminated or the sale otherwise fails to close, the Seller reserves the right to enter into a Purchase and Sale Agreement with any bidder, however, Seller need not offer the property to, or accept the bid of any other bidder.
- REALTOR/BROKER PARTICIPATION: A 2% commission will be paid to any properly licensed real estate broker whose Buyer/Bidder/Customer is the successful purchaser for this property and who closed and pays the Total Contract Sale Price for this property. The Broker Registration Form is attached herewith or available upon request.
TO EARN THE FOREGOING APPLICABLE COMMISSION, BUYER BROKER MUST:
BROKER MUST REGISTER HIS BUYER/BIDDER/CUSTOMER BY FILLING OUT THE BROKER REGISTRATION FORM, IN FULL, AND MUST FAX, MAIL, OR EMAIL IT TO HARRIS REAL ESTATE & AUCTION TO BE RECEIVED PRIOR TO THE SUBMISSION OF THE SEALED BID. BROKER REGISTRATION FORMS SENT DIRECTLY TO THE SELLER WILL NOT BE HONORED.
BROKER must attend the April 19th, 2022 showing with Buyer/Bidder.
BROKER must attend and register with his Buyer/Bidder at the Private Outcry Auction, if held, and encourage bidding.
BROKER agrees that BROKER will not claim any exceptions to the foregoing procedures unless made in writing and signed by SELLER.
BROKER agrees that no oral registration will qualify BROKER for commission.
BROKER agrees that BROKER will not be entitled to a commission, if BROKER or any member of BROKER’S family or firm participates, as a principal in the purchase of the property.
BROKER shall give an affidavit to this effect, if requested
BROKER agrees that BROKER’S commission will be due upon final closing of the purchase by his Buyer/Bidder with all consideration paid in full.
BROKER agrees that only the first registration of prospective Buyer/Bidder/Customer will be accepted and honored.
BROKER agrees that commission will ONLY be paid at time of closing and will be disbursed by Escrow Agent.
BROKER agrees that he shall hold harmless and indemnify Harris Real Estate & Auction, including its reasonable attorney’s fees, from any and all claims with regard to such commission.
No broker will be recognized on a prospect that has previously contacted Seller or Harris Real Estate & Auction or has been previously contacted by Seller or Harris Real Estate & Auction. A complete registration file on all prospects will be maintained. All registrations accepted by Harris Real Estate & Auction will be acknowledged via e-mail and in writing at the auction registration desk.
There can be NO EXCEPTIONS to this procedure and no oral registrations will be accepted.
- ADDITIONAL CONDITIONS: Announcements made by Harris Real Estate & Auction at the Private Outcry Auction shall take precedence over any other announcements, written or oral, made prior to the Private Outcry Auction. Seller reserves the right in its sole discretion to postpone or cancel the Private Outcry Auction.
- BUYER’S PREMIUM: The winning bidder shall pay a Buyer’s Premium equal to TEN PERCENT (10%) of the winning bid price. This amount shall be added to the winning bid and inserted in the Purchase and Sale Agreement to constitute the TOTAL SALE PRICE.
- AGENCY DISCLOSURE: Harris Real Estate & Auction and all licensees employed by or associated with Harris Real Estate & Auction in the execution of this Auction represent the Seller in the sale of this property.
- Details
Public Preview Date: Tuesday, April 19th 5:30pm-7:30pm!
FULLY OPERATIONAL BUSINESS!
TURN KEY OPERATION!
INVESTMENT OPPORTUNITY!
This historical property originally opened its doors in the 1930’s and has been serving St. Francois and surrounding counties continuously ever since. This family owned and operated pinnacle in the community is now available for purchase. Peterson Feed & Farm provides quality farm, ranch, and agricultural products and services, as well as a plethora of other resources such as pet, home, wildlife, and garden products.
Peterson Feed & Farm is the only pellet mill within 45 miles and provides bulk grain and fertilizer deliver services as well as cart rentals. They offer all natural custom livestock feed blends, custom minerals, bulk molasses, food plot seed, grass seed, bird seed, farm fresh eggs, straw, year-round bulk Kerosene, pond maintenance services, soil testing services, propane fills & exchanges, insecticides & herbicides, and much, much more.
All office equipment, vehicles, forklifts, pallet jacks, grain & fertilizer carts, feed mixers, scales, elevators, augers, pellet mill, compressor, welder, power washer, assorted tools, and much more will convey with the sale; a specific equipment list can be provided upon request.
All remaining inventory will also convey with the sale and at the time of listing entry is estimated at $200k in value.
Numerous upgrades have been made to the buildings, equipment, and operational resources all within the last 5 years including, but not limited to, bathroom upgrades, auger belts, pumps, boiler upgrades, mill motor upgrades, seals & switches, A/C Unit, compressor, alarm system, water softener, and more.
P/L Statements for the past 3 years can be provided to qualified buyers. Current sellers can provide guidance and training as necessary; operating manuals and cheat sheets are also available.
- Terms
TERMS AND CONDITIONS FOR SEALED BID AUCTION
- BID SUBMISSION INSTRUCTIONS: Bids MUST be submitted by 12:00 pm CST, April 27, 2022 to Harris Real Estate & Auction, 3855 State Route 45 North, Mayfield, KY 42066 in a sealed envelope labeled SEALED DUAL BID FOR PETERSON FEED & FARM PROPERTY. Bidders must also label the bid envelope with their name and address. Bidders must use the Sealed Bid Form found in the Property Information Package (PIP) or on the Internet at www.harrisauctions.com. Bids must be accompanied by a deposit in the amount of $25,000.00 in certified or bank cashier’s check which will become part of the earnest money deposit and non-refundable to the Buyer. The check shall be made payable to Harris Auctions, Escrow Agent. The bidder shall sign the Sealed Bid Form. It is the sole responsibility of the bidder to ensure that their Sealed Bid is received by the bid deadline. It is suggested that all bids be sent via overnight mail or hand delivered and that confirmation of receipt is received by bidder. Sealed bids received after 12:00 pm CST, April 27, 2022 will be returned, unopened, to sender. In addition, the bidder must be prepared to execute the Purchase and Sale Agreement on or before May 3, 2022 upon being declared the Winning Bidder. Said Purchase and Sale Agreement is included in the PIP. No changes will be allowed to the Purchase and Sale Agreement. All the terms and conditions relating to the purchase and sale of the property are set forth in the Purchase and Sale Agreement contained in the PIP.
- BID OPENING AND RESPONSE: Bids will be opened by Harris Real Estate and Auction at their office 3855 State Route 45 North, Mayfield, KY Seller reserves the right but not the obligation to select the best bids submitted by the deadline on the Sealed Bid Offer Form with the appropriate deposit. The deposit checks of the remaining bidders will be returned. The selected bidders may be notified in two business days, via phone, fax or e-mail, and invited to participate in the Private Outcry Auction.
- PRIVATE OUTCRY AUCTION: At Seller’s sole discretion, a Private Outcry Auction will be held on May 3, 2022 at Premier Farm Realty Group & Auction 8721 Commercial Blvd Ste A, Pevely, MO 63070 at 12:00 PM with the Best Bidders as determined by Seller. The initial down payment MUST be increased to Fifteen Percent (15%) of the Sale Price on May 3, 2022 at the conclusion of the Private Outcry Auction upon acceptance of the winning bid and signing of the Purchase & Sale Agreement, Said deposit will be held by Harris Real Estate & Auction or Title Company as Escrow Agent pursuant to the terms of the Purchase and Sale Agreement.
- PROPERTY INFORMATION PACKAGES: A Property Information Package (PIP) providing more specific information on the properties is available. A PIP may be obtained by a prospective bidder online at harrisauctions.com or by email request to harris@harrisauctions.com All PIP requests must include name, address, phone, fax and email address of prospective bidder. Seller and Harris Real Estate & Auction shall not be liable for any inaccuracy contained in any reports or information furnished to bidders in the PIP.
- PROPERTY INSPECTIONS: Prospective bidders may attend a tour of the property on April 19, 2022 from 5:30 pm – 7:00 pm at Peterson Feed & Farm, 2301 Highway K, Bonne Terre, MO 63628. The property is being sold AS-IS, WITH ALL FAULTS and neither Harris Real Estate & Auction nor Seller makes any representations or warranties whatsoever. Inspection of the property and any materials related to the property by you and your experts prior to submitting a bid is encouraged. Those inspecting the property assume all risk associated with any inspection of the property.
- PROPERTY CONDITION: Except as expressly set forth in the Purchase and Sale Agreement, if and when executed; (A) The Property is being sold “as is “ and with all faults, as of the closing date, without any representations or warranties whatsoever, including without limitation, concerning its condition, fitness for any particular purpose, merchantability, compliance with governmental laws, ordinances or regulations or any other warranty, express or implied; (B) The successful bidder who becomes a party to a binding Purchase & Sale Agreement will be acquiring the property based solely on its own independent investigations and inspections of the property and not in reliance on any information provided by Harris Real Estate & Auction, Seller or their agents or contractors; and (C) neither Harris Real Estate & Auction nor Seller will be obligated to alter, repair or improve the property.
- BID AWARD: All bids shall be irrevocable and subject to acceptance through May 3, 2022. All persons submitting bids will be notified via phone, fax or e-mail of their invitation to the Private Outcry Auction or rejection of their bid.
- BID ACCEPTANCE-REJECTION: Seller reserves the right, in its sole and absolute discretion, to reject any and all bids submitted. Seller agrees that only those bidders who submit Sealed Bids shall be eligible to participate in the Private Outcry Auction. Seller reserves the right to waive any technical defects in a bid in its sole and absolute discretion.
- CLOSING: Shall take place on or before May 27, 2022 at the location set forth in the Purchase & Sale Agreement. In the event any Purchase and Sale Agreement is terminated or the sale otherwise fails to close, the Seller reserves the right to enter into a Purchase and Sale Agreement with any bidder, however, Seller need not offer the property to, or accept the bid of any other bidder.
- REALTOR/BROKER PARTICIPATION: A 2% commission will be paid to any properly licensed real estate broker whose Buyer/Bidder/Customer is the successful purchaser for this property and who closed and pays the Total Contract Sale Price for this property. The Broker Registration Form is attached herewith or available upon request.
TO EARN THE FOREGOING APPLICABLE COMMISSION, BUYER BROKER MUST:
BROKER MUST REGISTER HIS BUYER/BIDDER/CUSTOMER BY FILLING OUT THE BROKER REGISTRATION FORM, IN FULL, AND MUST FAX, MAIL, OR EMAIL IT TO HARRIS REAL ESTATE & AUCTION TO BE RECEIVED PRIOR TO THE SUBMISSION OF THE SEALED BID. BROKER REGISTRATION FORMS SENT DIRECTLY TO THE SELLER WILL NOT BE HONORED.
BROKER must attend the April 19th, 2022 showing with Buyer/Bidder.
BROKER must attend and register with his Buyer/Bidder at the Private Outcry Auction, if held, and encourage bidding.
BROKER agrees that BROKER will not claim any exceptions to the foregoing procedures unless made in writing and signed by SELLER.
BROKER agrees that no oral registration will qualify BROKER for commission.
BROKER agrees that BROKER will not be entitled to a commission, if BROKER or any member of BROKER’S family or firm participates, as a principal in the purchase of the property.
BROKER shall give an affidavit to this effect, if requested
BROKER agrees that BROKER’S commission will be due upon final closing of the purchase by his Buyer/Bidder with all consideration paid in full.
BROKER agrees that only the first registration of prospective Buyer/Bidder/Customer will be accepted and honored.
BROKER agrees that commission will ONLY be paid at time of closing and will be disbursed by Escrow Agent.
BROKER agrees that he shall hold harmless and indemnify Harris Real Estate & Auction, including its reasonable attorney’s fees, from any and all claims with regard to such commission.
No broker will be recognized on a prospect that has previously contacted Seller or Harris Real Estate & Auction or has been previously contacted by Seller or Harris Real Estate & Auction. A complete registration file on all prospects will be maintained. All registrations accepted by Harris Real Estate & Auction will be acknowledged via e-mail and in writing at the auction registration desk.
There can be NO EXCEPTIONS to this procedure and no oral registrations will be accepted.
- ADDITIONAL CONDITIONS: Announcements made by Harris Real Estate & Auction at the Private Outcry Auction shall take precedence over any other announcements, written or oral, made prior to the Private Outcry Auction. Seller reserves the right in its sole discretion to postpone or cancel the Private Outcry Auction.
- BUYER’S PREMIUM: The winning bidder shall pay a Buyer’s Premium equal to TEN PERCENT (10%) of the winning bid price. This amount shall be added to the winning bid and inserted in the Purchase and Sale Agreement to constitute the TOTAL SALE PRICE.
- AGENCY DISCLOSURE: Harris Real Estate & Auction and all licensees employed by or associated with Harris Real Estate & Auction in the execution of this Auction represent the Seller in the sale of this property.
- Brochure
- Aerial
- Bid Packet
- Video