ABSOLUTE AUCTION – General Parts Corporation

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Auction Information

ABSOLUTE AUCTION GENERAL PARTS CORPORATION

(STERLING SERVICE WAREHOUSE)

7 Emory Place, Knoxville, TN 37917

AUCTION DATE/TIME: Thursday, November 29^th at 10:00am

INSPECTION DATES/TIMES: Wednesday, November 28^th from 8:00am - 4:00pm

Founded in 1921 by Keith Beaman General Parts Corporation (also known as the Sterling Service Warehouse) has provided automotive parts throughout East TN, KY and VA to independent wholesale distributers. Current ownership has decided to retire and sell over $700,000 of current parts inventory at Absolute Auction.

Wholesale cost of inventory exceeds $700,000 and includes desirable automotive parts by Wagner (Over $300,000 in brake parts), Dayco, Anco, AC Delco, Champion, Timken, BCA (Over $125,000 in Bearings and Hubs) Federal Wire, Moog, Sealed Power, National Seals, Wix, Buss, FelPro, Autolite and many more. Part distributers, jobbers and automotive service companies will not want to miss this opportunity. Over 2,700 sections of parts shelving, warehouse support equipment and more...

NOTE: Bulk offers will be considered until November 20^th

TN License #62

PAYMENT TERMS

15% Buyer's Premium On-Line
10% Buyer's Premium On-Site
Payments must be made by Cash, Wire Transfer (Note Wire Transfer Fee’s on final payments is Buyer’s Responsibility), Cashier’s Check, Company or Personal Check Accompanied by an Original Bank Letter of Guaranty.
MasterCard & Visa Purchase up to $1,500 accepted for an additional 3% Surcharge.
Payment is due day of sale.

REMOVAL

No removal until auction conclusion.
Removal day of sale until 5:00pm or 1 hour following the sale, whichever is later.
Additional removal
- Friday, November 30th from 8:00am - 4:00pm
- Monday, December 3rd - Wednesday, December 5th from 8:00am - 4:00pm

INSURANCE REQUIREMENTS

All buyers or riggers utilizing specialized equipment (Forklifts, Torches, Lifts) for removal will be required to provide Furrow Auction Company with an insurance certificate which meets minimum overall liability of $1 million and $500,000 per occurrence naming General Parts Corporation and Furrow Auction Company as Additional Insured.

DIRECTIONS

Coming soon...