RE: SBA UCC1 SECURITY AGREEMENT FORECLOSURE

SELLS WEDNESDAY  (TO BE DETERMINED BY LENDER), 2020 AT 1:00PM AT ********, NEW YORK

WELL ESTABLISHED/HIGH VOLUME DRY CLEANERS

*CAN BE PURCHASED AS TURNKEY BUSINESS*

*BUSINESS ORIGINALLY PURCHASED FOR $2.5MM*

• TURNKEY BUSINESS INCLUDING ALL ASSETS LISTED BELOW AND EXISTING TRIPLE NET LEASE AS FOLLOWS:
  $21,000.00 SECURITY DEPOSIT 
  AUGUST 1, 2016-JULY 31, 2020 MONTHLY RENT IS $9,500.00; AUGUST 1, 2020-JULY 31, 2024 MONTHLY RENT IS $10,400.00;
  AUGUST 1, 2024-JULY 31, 2028 MONTHLY RENT IS $11,400.00; AUGUST 1, 2028-JULY 31,2032 MONTHLY RENT IS $12,500.00; AUGUST 1, 2032-JULY 31, 2036 MONTHLY RENT IS $13,700.00; AUGUST 1, 2036-JULY 31, 2040 MONTHLY RENT IS $15,000.00
   
  EQUIPMENT, FURNITURE & FIXTURES:

• (2) Realstar Ultra Plus (RS 640) 75-80 pound capacity with inline solvent coolers
• (1) 60 Ton Artichill Water Tower with Remote Tank and Aqustat and 3 PH Motor
• (1)  Cissell vac spotting board
• (1) Speed Queen 851b. Capacity Washer – Extractor Soft Mount
• (1) Speed Queen 301b, Capacity Washer – Extractor
• (1)  America Super AD – 30 Steam Dryer with OPL Auto Computer
• (1)  40 ho Cvclotherm Steam Generator Boiler
• (1) 18×42 Extra Heavy Return Tank
• (1) 150 Gallon Hot Water Heater
• (2) Quincy Air Compressor 7.5 PH
• (2) Lesser Pressers
• (3) Utility Pressings Machines
• (2) Hot Head (pressers)
• (1) Rema Vacuum (8 presser vac.)
• (5) All Steam lrons
• (5) Puffer Irons
• (1) Ajax Double back Cabinet Unit
• (1) Ajax Sleever Cabinet Unit
• (2) Ajax Collar and Cuff
• (1) Thermo Wrap (shirt wrap)
• (1) 4 Lot Shippinq Conveyor
• (2) Garment Storage Conveyor
• (1) Lot of approximately 700 feet of slick rail
• (20) Laundry Basket
• (1) Laundry Shirt Holder Basket and stand)
• (8) Station computer Systems with 4 Draw cash Station with Max Software
• (2) Symbol Technologies Data Wands
• (3) Lucent Technologies Telephone (partner-advanced communications) System with intercom
• (1) Brother Intel Fax Machine
• (1) Safe with Top Drop Slot
• (1) Chandler Button Sewer Machine with Stand
• (1) US Blind Stich Stewing Machine
• (3) Sewing Machines
• (2) Gravity Feed Irons
• (2)Bagging Jack Stand
• (1)Eyewash Fountain
• (1) Water Fountain

INSPECTION: 12:00NOON DAY OF AUCTION

50% DEPOSIT CASH OR BANK CHECK MADE PAYABLE TO AMERICAN ALA, INC. / 15% BUYER’S PREMIUM

516/631.777.7295 / 800.837.0447 / www.AALAINC.com

MEMBER NAA, NYSAA, ABI, CAGA

These assets are being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller, Auction Company or any of their Agents.  The information contained herein was derived from sources deemed reliable, but is not guaranteed.  Most of the information provided has been obtained from third party sources and has not been independently verified.  All prospective bidders are urged to conduct their own due diligence prior to participating in the Public Auction Sale.