Under the authority granted in N.J.S.A. 54:49-13a and R.S. 33:1-26, the property to be sold was seized for unpaid State taxes due from:

D&M Restaurant Associates, LLC
128 Taunton Blvd.
Medford, NJ 08055


PROPERTY FOR SALE:

State of New Jersey, County of Burlington, Township of Medford
Plenary Retail Consumption Liquor License # 0320-33-010-004

LOCATION OF SALE:

Township of Medford, Department of Public Safety
91 Union Street.
Medford, NJ 08055

DATE AND TIME: Cancelled

MINIMUM BID: $10,000.00

Terms of Bidding: Bulk bids only

PAYMENT TERMS:

• Successful bidders must make a minimum deposit of 25% of their respective bid IMMEDIATELY following their successful bid. Failure to do so will result in forfeiture of the bid.
• Payment must be in guaranteed funds such as cash, certified check, bank check or money order. No third party instruments will be accepted.
• Balance, also in guaranteed funds, due by 12 noon on April 24, 2009 at the Division of Taxation, 50 Barrack St, Trenton, NJ or deposit monies will be forfeited.
• Checks must be made payable to: New Jersey Division of Taxation

• This sale may be postponed or cancelled at the discretion of the NJ Division of Taxation.
• The NJ Division of Taxation reserves the right to receive or reject bids or bidders.
• NJ Division of Taxation employees or any member of the employee’s immediate family may not participate in this public sale.
• This liquor license is sold subject to any restriction imposed by the NJ Division of Alcoholic Beverage Control on this license as those set forth in N.J.A.C. 13:2-24 as well as any violations imposed by the municipality.
• The successful bidder for the liquor license must submit a complete “good faith” transfer application to the municipality and pay the fee for the transfer of the license by Thursday, April 30, 2009. Failure to do so will result in forfeiture of all monies paid to the NJ Division of Taxation for the license.
• The successful bidder must remit to the municipality a certified check in the amount of $2,525.00 by April 30, 2009 to pay the outstanding fees due on the prior tax year of 2008-2009 and pay the current year fee of $2,500.00 by June 30, 2009. Unless the municipality approves the transfer of the liquor license prior to July 1, 2009, failure to timely submit a renewal application will result in forfeiture of all monies paid to the NJ Division of Taxation for the license. The NJ Division of Taxation will assist with the renewal process at the request of the municipality. Any monies paid by the NJ Division of Taxation for the renewal of the liquor license will be reimbursed directly to the NJ Division of Taxation by the successful bidder.
• If the successful bidder makes proper application for the transfer and renewal of the license, passes the background check conducted by the municipality, follows all guidelines set by the municipality and the municipality denies the application, then the monies paid to the NJ Division of Taxation will be refunded. The NJ Division of Taxation then has the right to go to the next highest bidder or re-auction the license.