Live Your Dream!

Owners Retiring From Business:
PUBLIC AUCTION
- Anne Arundel County, MD -

Landmark Year-Round
WATERFRONT RESTAURANT
"Skipper's Pier"


Indoor & Outdoor Dining and Bars
Fuel Pier17 Boat Slips

Located less than 30 minutes from
Washington, DC & Northern Virginia,
45 Minutes from Baltimore

Photos of auction property
SKIPPERS PIER      PATIO      DECK      DOCK BAR      WATER VIEW

Sale On Premises
6158 DRUM POINT ROAD
13 Miles South of Annapolis on Herring Bay
Deale, Maryland 20751

THURSDAY, JANUARY 25, 2007
AT 12 NOON


LOCATION:

"Skipper's Pier" is a well know waterfront destination, situated just west of Chesapeake Bay, on Drum Point, along Rockhold Creek and Herring Bay. More than 7,000 boat slips are estimated to be within a 5 mile sail of Skipper's, providing a steady customer base for the authentic Chesapeake Bay-style crab house, Tiki bar and fuel pier. The restaurant's popular atmosphere and cuisine attract "landlubbers" as well. From Solomon's Island Road (MD-2) follow Deale Road (MD-256) east to Drum Point Road south to property on right near end.

LOCATION MAP & DIRECTIONS

Photos of auction property
WATER VIEW      NEARBY MARINA      SUNSET #1      SUNSET #2

SITE:

Nearly rectangular lot fronting 100' on Rockhold Creek, by depths of 266.9' and 268.2' a rear lot line of 100' along Drum Point Road, comprising 0.614 acres of land. All dimensions, square footage and acreage contained herein are approximate and more or less.

TAX MAP    SITE DIAGRAM (1996)

The property has commanding waterfront views. Two recently completed jetties provide protected, deep water access to Herring Bay and Rockhold Creek. The waterfront has a wooden bulkhead, decking, 17-slip pier, fuel pier with dock master shed, two 6,000-gallon gasoline tanks and one 4,000-gallon diesel tank, with updated lines and dispensers. The area bounding the road is paved for approximately 50-car parking. The property was extensively rebuilt in 2003-2004.
DIAGRAM OF PIERS, DOCK BAR & FUEL SERVICE BUILDING

Photos of auction property
LEFT PIER      LEFT PIER WITH BOATS
RIGHT PIER      RIGHT PIER WITH BOATS      FUEL DOCK

IMPROVEMENTS:

Recently renovated one story stone and vinyl siding restaurant building, with composition shingle roof and double glazed windows, featuring indoor seating for approximately 150 patrons in two dining rooms and maritime-theme bar, fireplace, 2 rest rooms, large commercial kitchen, office and storage loft.
FLOOR PLAN (2004 Renovations)
Photos of auction property
INDOOR / OUTDOOR SEATING      DINING ROOM #1      DINING ROOM #2      FIREPLACE & SERVICE BAR
BAR PHOTO #1      BAR PHOTO #2
BUFFET PHOTO #1      BUFFET PHOTO #2

The kitchen is fully equipped with stainless steel restaurant equipment, including work tables, dishwasher, range/oven, refrigerator, freezer, walk-in beer cooler, walk-in refrigerator, walk-in freezer, deep fryers, grill and crab steaming area.
Photos of auction property
KITCHEN PHOTO #1    PHOTO #2    PHOTO #3    PHOTO #4

Barnacle's Dock Bar (Tiki bar, open May through October) - two levels with 360° water view, and rest room
Photos of auction property
EXTERIOR    BAR    UPPER LEVEL PHOTO #1    PHOTO #2

Recently constructed playground and sand box
Photo of

Auction includes all kitchen equipment, tables, chairs, televisions, decorations, outdoor bar equipment and supplies. Beer and liquor inventory will be transferred on a dollar-cost basis.

NOTE: The seller has compiled a Detailed Property Information Package, complete with restaurant history, site diagrams and labeled photographs.
DETAILED PROPERTY INFORMATION

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OPERATION:

Skipper's Pier is in full operation and has a 7-day beer, wine and liquor license for on and off premises consumption. Winter hours are 3:30 pm to 9 pm on Wednesday through Thursday and 12 pm to 10 pm on Friday and Saturday. Sunday Brunch is at 10 am, lunch starts at 1 pm, open until 9pm.

2006 Profit and Loss Statement is available. Please complete and return the Confidentiality Waiver below. The year-end financials will be forwarded shortly after January 1.

CONFIDENTIALITY WAIVER

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UTILITIES:

Private well and public sewer, electricity, telephone, bottled propane gas

ZONING:

MB - General Commercial Marina District. This District offers the range of marina related commercial services in the MA2 District plus additional commercial uses such as marine construction operations, sail making and repair, hotels/motels. Maximum Coverage by structures and parking 80% of gross area. Maximum height is 40 feet based on minimum setbacks. No height limit if setbacks increased as per formula.

TITLE:

In fee simple. The property is sold free and clear of liens. Deed Liber 7553, folio 501.

TAXES:

2007 annual real estate taxes are estimated to be $4,815.93.

INSPECTION:

Skipper's Pier is available for inspection by appointment. Contact auctioneers at 410-752-8440
or email dan@ajbillig.com.

TERMS OF SALE:

A $100,000 deposit, payable by certified check or cashier's check, will be required of the purchaser at time and place of sale. The deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer's office. Balance to be paid in cash within 45 days. If payment of the balance does not take place within the specified time, the deposit shall be forfeited and the property may be resold at the risk and expense of the purchaser. Interest to be charged on the unpaid purchase money, at the rate of 12% per annum, from date of sale to date of settlement. All adjustments, including taxes, all other public charges and assessments payable on an annual basis, and sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of sale and assumed thereafter by the purchaser. The property will be sold in "AS IS" condition, and subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes the risk of loss from the date of sale forward. The purchaser waives and releases the Seller and the Auctioneers, and their respective agents, successors and assigns from any and all claims the purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. If the Seller is unable to convey good and marketable title, the purchaser's sole remedy in law or equity shall be limited to the refund of the deposit. Upon refund of the deposit this sale shall be null and void and of no effect, and the purchaser shall have no further claim against the Seller or Auctioneers. Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the purchaser. Time is of the essence. The transfer of the liquor license is subject to the approval of the Anne Arundel County Liquor Board, as in the case of an original application and it shall be the sole responsibility of the purchaser to obtain said approval. Personal property is subject to 5% Maryland Retail Sales Tax.

NO BUYER'S PREMIUM.

Broker participation is invited.
BROKER REGISTRATION FORM

LINKS:

www.skipperspier.com

www.liquorboardannearundelcounty.com

www.baydreaming.com/deale.htm