7-Day Beer, Wine & Liquor License

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Listing Details

Sold Price
$36,000
Auction Date
Auction Time
2:00 PM
Auction Note
Sale To Be Held: St. Paul St. Steps Clarence M. Mitchell, Jr. Courthouse, Baltimore, MD21202
Address
Not applicable, Baltimore, MD, 21224
County
Baltimore City
Scroll down for Complete Details, including: property description and Terms of Sale.

Shawn R. Harby, Solicitor
309 S. Conkling Street
Baltimore, MD 21224

TRUSTEE'S AUCTION

7-DAY BEER, WINE &
LIQUOR LICENSE


Sale to Be Held
Circuit Court For Baltimore City
Clarence M. Mitchell, Jr. Courthouse

ST. PAUL STREET STEPS
Between Fayette & Lexington Streets
Baltimore City, MD 21202

For directions from your location, visit: maps.google.com


TUESDAY, FEBRUARY 1, 2011
AT 2:00 P.M.


      Pursuant to an Order of the Circuit Court for Baltimore City passed in the matter of 40 N. Streeper St., Inc., Plaintiff vs. Big Poppa's Bar & Grill, LLC, Rico Amero and Shannon C. Lanier, Defendants, Case No. 24-0-10-003305, the undersigned Trustee will sell at Public Auction to the highest bidder the following:

      7-Day Beer, Wine & Liquor License (Type LBD-7), permitting sales for on and off-premises consumption, previously issued for 40 N. Streeper Street, 21224, in the 46th Legislative District of Baltimore City.  The license must be moved to another location. 


      TERMS OF SALE:  A $5,000 deposit, payable by certified check or cashier's check, will be required of the purchaser at time and place of sale.  Balance to be paid in cash at settlement, which shall take place within ten (10) business days following final ratification of the sale by the Circuit Court for Baltimore City at a location designated by the above-captioned Solicitor.  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.  If settlement is delayed for any reason, there will be no abatement of interest.  All adjustments as of date of sale.  Time shall be of the essence for the purchaser.  The transfer of this liquor license is subject to the approval of the Board of Liquor License Commissioners of Baltimore as in the case of an original application, and it shall be the sole responsibility of the purchaser to obtain said approval.  In addition, in line with Article 2B of the Annotated Code of Maryland, any tangible personal property taxes, retail sales, amusement, admission and/or withholding taxes must be paid by the buyer to the City of Baltimore and/or State of Maryland.


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Michael A. DeLuca, Trustee