TERMS: By placing a bid on item(s) in an auction the bidder
is entering into a contractual agreement with Restaurant Auction Company for
the purchase of these items in the event that they are the successful high
bidder at the conclusion of the auction. There will be no cancellations,
refunds or chargebacks after the auction has closed.
CONDITIONS AND DESCRIPTIONS: All items are sold as is. All
sales are final and contain no warranty. Descriptions are believed to be
accurate but are not guaranteed. If you have any questions about the condition
of an item it is recommended that you attend our inspection day. Our 1-10
Likert rating scale is compiled by our professionals with over 30 years of
industry experience. It is based on a visual observation of the overall
condition of the item. It does not indicate working condition of items we cannot
or have not tested.
BIDDING ERRORS: Restaurant Auction Company is not
responsible for bidding errors. You should immediately review your bids once
submitted. If you mistakenly increase your own bid, place your bidder number in
the bid field, or make a typo you must immediately contact our office by in
writing via email. Include your bidder number, the item number and the bid you
want to have deleted (we MUST have your request in writing). We will email you
a confirmation of your request. We will not delete bids after the auction
begins to close, no exceptions.
STAGGERED CLOSING: This feature will close bidding on intervals.
The online auction closes 3 items per minute. This feature works great with the
Dynamic Closing feature which will auto-extend the closing time for an additional
3 minutes whenever a bid is placed within the last 1 minutes of the item's
closing time. This feature allows the online auction to emulate a “live”
BUYER'S PREMIUM: We charge a buyer's premium of 15%. The
premium is added in addition to the final selling amount.
SALE'S TAX: Pennsylvania State Sales Tax will be charged on
all items in our PA warehouse auctions. Tax exemption forms must be emailed to
info@RestaurantAuctionCompany.com prior to the close of the auction.
forms of payment include Visa, MasterCard, Discover, or American Express.
Credit cards will ALWAYS be charged at the end of the auction unless otherwise
specified. You must have available balance on your credit card for your online
purchases. At the conclusion of the auction, you will be sent an email with a
total of the items you won.
REMOVAL: Each auction will have a designated removal day.
The valid printed invoice must be presented to remove any items. All removal is
the complete responsibility of the buyer. If you are unable to pick up on the
designated removal day, a rescheduled pick up appointment may be made for auctions
conducted from our warehouses. There is a fee for this service. You must
contact us via email immediately following the conclusion of the auction to
make a rescheduled appointment. Any items not picked up on specified removal
days, rescheduled or scheduled to be shipped will be considered abandoned and
may be discarded, removed, resold or stored at the seller’s discretion. No
refunds or chargebacks will be granted in the event an item is not picked up or
shipping arrangements made.
Company reserves the right to add or remove items from the auction, cancel,
suspend, extend or reschedule an individual item and/or auction event, and make
changes to the auction closing times or the inspection or removal times.