Online Auction of Surplus Inventory
Major Sporting Goods Wholesaler
Type of Auction:
Auction Closing Date and Time:
August 29, 2017
First lots close at 10:00 AM
Inspection Dates and Time:
Week of August 21
By appointment only
200 Interstate South, Suite 100
McDonough, GA 30253
Type of Assets/Lots:
Over $2.0 million of excess sporting goods inventory that is stored in over 20 trailers.
HYPERAMS will be auctioning off the excess inventory by trailer; the value of each trailer is estimated to range from $20 thousand to over $160 thousand.
Payment is due within 24 hours. Cash, wire transfer, cashier’s check, or company check with a bank letter of guarantee are all acceptable forms of payment.
Buyers are subject to an 18% premium, which will be applied to purchase total.
Lot Book and Webcast Auction Platform:
Lot Book and simulcast online auction provided by AuctionHQ.
To schedule an appointment, please contact Auction Lead Wes Pace at (610) 745-1972.
Removal by appointment beginning Sept. 6. Seller will load products into buyer's trailer at no cost to buyer.
Aluminum coffee pots
And much more!
Lures and jigs
And much more!
Game call accessories
Hunting camp accessories
And much more!
Sports Licensing Equipment
NFL licensed apparel, accessories, and gifts, including ponchos, hats, mats, pens, plush toys, bags, and other novelty items
PAYMENTS AND FEES
Payment Due Date: Invoices must be paid in full within 24 hours of the closing date and before removal of any of the assets of the sale unless otherwise specified. No assets will be released until invoices are paid.
Accepted Payment Forms: All deposits and balances due shall be payable to the order of HYPERAMS, LLC. All payments must be made by Cash, Cashier's Check, Wire Transfer or Company Check with Bank Letter of Guarantee(see below). All sales are in U.S. Dollars.
Business/company checks will not be accepted without a letter of verification from your bank similar to the example illustrated below:
(Bank Name) unconditionally guarantees payment to HYPERAMS, LLC from (Company Name) up to the amount of __________. This guarantee will be valid for purchases made at the auction of (Auction Name) on (Auction Date).
Buyer's Premium: HYPERAMS and its partners impose a buyer's premium on any goods sold to help defray auction expenses. The buyer's premium is a reflected as a percentage that is added to the final purchase price of any item. Rates vary depending on the auction, but are generally between 15% and 18%.
Final Sale Notice: All assets are being sold “AS IS, WHERE IS” and buyers acknowledges they have inspected all assets prior to bidding. While all care was taken in gathering information on the equipment that is for sale, HYPERAMS will not be held responsible for the correctness of the descriptions. As such, HYPERAMS recommends buyers, if able, to inspect items before purchasing. All persons are inspecting, bidding and removing assets at their own risk and liability without recourse on HYPERAMS.
Sales Tax: Buyers must pay all sales, export, use and other taxes due to any federal, state or local taxing authority on their purchase. To receive the benefit of any tax exemption, the buyer must supply HYPERAMS with a sales tax exemption certificate. HYPERAMS has provided downloadable sales tax exemption certificates for buyers:
REMOVAL AND SHIPPING
Removal and Shipping Responsibility: The Buyer is solely responsible to provide any personnel, equipment, or material needed to pick up purchases and shall assume all responsibility for the removal of any item purchased at the sale. The Buyer is required to remove within the stated time frame which is on their invoice unless prior arrangements have been made in writing and approved by the Auctioneer.
Insurance Certificates: Buyers may remove assets themselves or hire any rigger company that they so choose. Buyers, or their riggers, must provide the Auctioneer and the owner of the premises of the sale a certificate of insurance in amounts acceptable to the Auctioneer prior to removal of any Lot. On small lots which are considered "hand carry," no insurance is needed.
HYPERAMS has provided a list of local rigging companies that have expressed interest in assisting with removals for this auction. Riggers TBD.