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Sporting Goods Auction
 

 

Water Tower Capital, LLC has been retained by the secured lender for an outdoor sporting goods store to liquidate the inventory by the end of July 2024.  Set forth below is a listing of the lots of sporting goods inventory which will be sold to the highest bidder for each lot.  The detailed listing of the inventory in each lot is available below.

The inventory is in Oostburg, WI.  The inventory is being sold, as is and where is, and it will need to be picked up by the winning bidders, by July 19, 2024, as described below:

Bidding Rules

1. Each bid shall be submitted by email to tara@watertowercapital.com. Bids must increase by at least $100. The bids must specify the Lot # and the amount bid. Contact information for each bidder must be submitted with each bid, including but not limited to your name, e-mail address, and telephone #, the method of payment, ACH, Wire, or payment by cashier’s check.  

2. This website will update the bids, as they are received.  The deadline for submitting bids is 12:00 pm noon CDT on Wednesday, July 17, 2024. Bids must be submitted by email to tara@watertowercapital.com.

3. The auctioneer reserves the right to accept a “preemptive” bid. For example, the auctioneer may choose to close the auction of a particular lot if a bid of high enough value is submitted, even if this bid is made before the July 17th deadline. Bidders are encouraged to present “preemptive” bids.

4. If there are multiple bidders, for a particular lot, or lots, still submitting bids within 15 minutes of 12:00 pm, then the deadline for submitting additional bids will be extended in increments of 15 minutes, for each bid submitted, until no additional bids are submitted within a 15-minute period.

5.  ACH or wire transfers for the winning bids, for each lot, must be received by Oostburg State Bank, no later than 5:00 pm on Friday, July 19, 2024. 

6. If the winning bidder fails to make the payment deadline above, then the next highest bidder has 24 hours to submit its payment, as specified above. 

7. All goods are being sold, “as is” and F.O.B. Oostburg, WI.  

8. Any goods not removed by Wednesday, July 24, 2024, shall be deemed to be abandoned.  

9. Questions may be submitted to John Stark (262) 282- 1285. John@watertowercapital.com

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CAPITAL MARKET SOLUTIONS FOR MIDDLE MARKET COMPANIES

Water Tower Capital, LLC     N30 W29393 Hillcrest Drive,  Pewaukee, WI  53072
 Office:  262.282.1285      Cell: 312.593.4450           john@watertowercapital.com           © 2003-2024 Water Tower Capital LLC
 

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