HomeMy WebLinkAbout911260.tiff HALE, SMITH & WILLIAMS, P.C.
ATTORNEYS AT LAW
RAYMOND S. HALE 125 WEST MULBERRY STREET, SUITE 112
MICHAEL D. LIGGETT FORT COLLINS. COLORADO 80521-2808 TELEPHONE
MICHELE KING McKELLAR' (303) 182-9770
THOMAS H. MOORE
ERIC A PETERSON DAVID S. POWER FACSIMILE
KELSEY J. SMITH (303) 182-0339
DAVE WILLIAMS
ZACHARY O. WILSON
•Also Admitted in Wyoming
March 14, 1991
VIA FEDERAL EXPRESS
Weld County Board of Equalization
915 10th Street
Greeley, Colorado 80632
Weld County Attorney's Office
915 10th Street
Greeley, Colorado 80632
Attention: Jan Allison,
Assistant County Attorney
Board of Assessment Appeals
1313 Sherman Street
Room 315
Denver, Colorado 80203
RE: Docket No. 13876
Little Caesars Pizza of Northern
Colorado - Weld County
Ladies and Gentlemen:
Enclosed with this letter are copies of the exhibits that
will be relied upon by my client, the Petitioner in this matter,
at the hearing on March 25 . An Index to the exhibits is included.
The witnesses at the hearing will be Anthony Fonte and Mark
J. Soukup. Mr. Fonte is the principal of the Petitioner
Corporation. He will testify, from his experience and from
information recently gathered by him, concerning the market value
of the personal property involved in this appeal . His address and
telephone number are Shores Six, Suite 102, 375 East Horsetooth
911460
�S00 f�l :340 ,/ Ci L tid c( c C (° , J c s zt Z
Weld County Board of Equalization
Weld County Attorney's Office
Board of Assessment Appeals
RE: Docket No. 13876
Little Caesars Pizza of Northern
Colorado - Weld County
March 14, 1991
Page 2 of 2
Road, Fort Collins, Colorado 80525 (223-8421) . Mr. Soukup is a
Certified Public Accountant licensed in the State of Colorado. He
will testify concerning the incompleteness of the method used by
the Assessor to value the personal property involved herein. He
will also testify concerning the reasonable values of the items of
personal property, based upon their historic costs of purchase and
a reasonable method of depreciation. He will compare the results
of such calculations with the fair market information compiled by
Mr. Fonte. Mr. Soukup's address and telephone number are 2850
McClelland Drive, Suite 3000, Fort Collins, Colorado 80525 (223-
2727) . Thank you.
Very truly yours,
Dave Williams
DW/ssb
Enclosures
cc : Little Caesars Pizza of
Northern Colorado
Mark Soukup
w/enclosures
INDEX TO EXHIBITS
Docket Number 13876
Little Caesars - Weld County
1. Letter of July 31, 1990, from Soukup & Associates to Weld
County Board of Equalization.
2 . Schedule dated December 14, 1990, showing costs,
depreciation, and assessment values for the Greeley store.
3 . Letter dated January 21, 1991, from Blue Line Distributing,
Inc. , of Michigan, stating the valuations used in the
restaurant equipment industry for fair market value.
4 . Letter dated January 23, 1991, from F.D. Stella Products
Company, stating the fair market valuation standards within
the restaurant equipment industry.
5 . Letter dated December 12, 1990 (with an accompanying
schedule) from the SanBay Co. , showing a list of values for
used restaurant equipment, including items involved in this
appeal .
c5'oukap. cAss.ocialis.
CERTIFIED PUBLIC ACCOUNTANTS, PG
(303) 229-2727
2850 McClelland Dr., Suite 3000 (Metro) (303) 442-2072
Fort Collins, Colorado 80525 (Fax) (303) 228-0813
July 31, 1990
Weld County Board of Equalization
P.O. Box 758
Greeley, Colorado 80632
Re: Protest of Personal Property Valuations for the following
two locations of Little Caesars Pizza of Northern Colorado,
Inc.
Schedule No. Location
0010316 2331 23rd Avenue, Greeley
0013852 3810 W. 10th Street, Greeley
Dear Board:
Our protest of the personal property valuations for our
client' s two locations listed above is based on how to arrive at
"current year actual value, " within the parameters of the
Colorado law. Paragraph 2 . 4 of Section I from the Assessor's
Manual on appraising personal property states,
The assessor is required by Article X, Section
3( 1) (a) of the Colorado Constitution to appraise and
value for assessment all property not exempt from
taxation. Assessors are required to give appropriate
consideration to the cost, market and income approaches
to value, . . . .
Personal property is not one of the exceptions
mentioned in the constitution and as such, is valued
subject to the three approaches .
Paragraph 2 .4 . 1 defines "current actual value" by stating how to
determine it,
The assessor is required by 39-1-104( 12 . 3) (a) (I) ,
C.R.S . , to determine the current actual value of
personal property, after consideration of such of the
three approaches to value as are applicable. All
information used to determine the current actual value
must be gathered and analyzed from the period
immediately preceding the current assessment date. The
Weld County Board of Equalization
July 31, 1990
Page Two
most current valuation information available must be
gathered and analyzed. Assessors must consider current
economic conditions when appraising personal property and
must document physical, functional and economic obsolescence
as of the assessment date.
A copy of these two quoted paragraphs is attached and labeled as
our Exhibit 1 . We also included a copy of the paragraph 39-1-
104 ( 12 . 3) (a) ( I) , C.R.S . , cited in the above quote, as our Exhibit
2 .
It is obvious from the manual ' s directions and the statute,
that the assessor is to appraise personal property by use of the
three accepted approaches to appraising; ( 1) the cost approach,
(2) the market data approach, and (3) the income approach. The
current actual value is then determined after consideration of
the applicable three approaches . In the appraisal profession
this is referred to as the Appraisal Process to determine the
"market value" or "fair market value" of a property. These terms
may be defined as, "That price which a property would likely
bring if it were exposed for sale on the open market, assuming a
willing buyer and a willing seller. "
Our concern is that our client' s property has been appraised
by use of only a variation of the cost approach, ignoring either
of the other two approaches which are to be considered. It is
not always possible to use all three of the approaches in every
appraisal . For instance the income approach is only applicable
to property which is being leased or rented and the income stream
from such can be converted into an estimate of value. The market
data approach is not possible where there are no comparable sales
or market data. The cost approach is not applicable when it is
difficult to determine a property' s economic life.
Because our client is the owner and user of the personal
property in question, the income approach would not be
applicable. However, the market data approach would be very
applicable, and in our opinion would most accurately reflect,
"the price which the property would likely bring if it were
exposed for sale on the open market . . . . " In order to apply
the market data approach, there needs to be sales of comparable
property to provide the necessary market data.
Although there does not appear to be published data as to
the value of used restaurant equipment, there are at least two
definite methods of selling used equipment. One is by auction,
such as during the liquidation of an entire establishment. The
other is by selling to local area equipment dealers, who buy and
sell used equipment. By consulting with local representatives of
Weld County Board of Equalization
July 31, 1990
Page Three
both of these markets, we determined that equipment similar to
that represented by our client's two schedule numbers listed
above would sell for 10% to 30% of its original cost. Because
our client's equipment in the two locations was determined to be
in average condition and age, we chose to value it at 20% of its
original cost. Therefore, we determined the actual values for
the two schedules to be as follows:
Schedule No. Location
0010316 2331 23rd Avenue, Greeley Actual Value
0013852 3810 W. 10th Street, Greele $20,463
Y 22,679
We also requested a qualified equipment dealer, who does
appraisals, to appraise two of our client's stores . This
information provided us with an indication of a high and low
ratio of market value to original cost for these particular types
of establishments . The "High" value on the appraisals represents
the price at which the equipment dealer would sell the equipment
to a customer. The "Low" value represents the price at which the
dealer would be willing to buy the equipment from our client.
The results of those appraisals is summarized below:
Original Cost High 8 of
of Equipment Value Low of
$113, 397 Cost Value Cost
94,849 $18,877 16 . 6% $6,347 5 . 68
18, 153 19 . 1 5, 886 6 .2
AVERAGE PERCENT OF COST 17 . 8%
5. 9%
Copies of the appraisals with respective original cost
information are attached as Exhibits 3 and 4 . Applying even the
high average percent of cost ratio, of 17 . 88, to the original
costs of the two Weld County locations would indicate the
following actual values .
Schedule No. Location
0010316 2331 23rd Avenue, Greeley Actual Value
0013852 3810 W. 10th Street, Greele $18,212 ',- a
Y 20, 185 q-- 'P'
These compare to the assessor' s actual values below:
Schedule No. Location Assessor's
0010316 2331 23rd Avenue, Greeley Actual Value
0013852 3810 W. 10th Street, Greele $71,297
Y 80,848
Weld County Board of Equalization
July 31, 1990
Page Four
As you can see there is a considerable over valuation of our
client ' s personal property. We would request an adjustment in
the actual values, not to exceed the values determined from the
outside appraisal ratio of 17 . 8% of original cost.
Thank you for your consideration and cooperation of this
adjustment. If you have any questions regarding our
determination of value, please call us at your convenience.
Very truly yours,
SOUKUP & ASSOCIATES, P.C.
Mark J. Soukup
Steve Groeteke
SG:co
Enclosures
cc: Mr. and Mrs . Anthony Fonte
sxx. 1 Section I, Page 7
2.4 PROPERTY VALUATION
The assessor is required by Article X, Section 3(1)(a) of the Colorado
Constitution to appraise and value for assessment all property not
exempt from taxation. Assessors are required to give appropriate
consideration to the cost, market and income approaches to value, except
when valuing residential real property, agricultural land, oil and gas
leaseholds or lands and producing mines.
Personal property is not one of the exceptions mentioned in the
constitution and as such, is valued subject to the three approaches.
2.4.1 Current Actual Value
The assessor is required by 39-1-104(12.3) (a)(I) , C.R.S. , to determine
the current actual value of personal property, after consideration of
such of the three approaches to value as are applicable. All information
used to determine the current actual value must be gathered and analyzed
from the period immediately preceding the current assessment date. The
most current valuation information available must be gathered and
analyzed. Assessors must consider current economic conditions when
appraising personal property and must document physical , functional and
economic obsolescence as of the assessment date.
2.4.1.1 Level of Value Applicable
The current actual value of personal property as of the assessment date
must be adjusted to the level of value in effect for real property.
Refer to 39-1-104(10.1) (a), C.R.S.
2.4.1.2 Personal Property Adjustment Factors
The property tax administrator publishes a factor to adjust the actual
value of personal property to the level of value applicable for real
property. The assessors must use the factor published by the
administrator to adjust all personal property valuations to the correct
level of value. Refer to 39-1-104(12.3) (a)(I) , C.R.S. The adjustment
factors are found in Appendix IV-D.
2.4.2 Valuation For Assessment
Valuations for assessment or assessed value must also be determined by
the assessor. In Colorado, assessed valuations are fractional , that is,
based upon a percentage of actual value.
15-DPT-AD
PUB ARL VOL 5 2-89
EXE ' 2
(12.2) (a) Except as provided in subsection (12) of this
section, for property tax years commencing on or after
January 1, 1987, the requirement stated in subsections (9) to
(11) of this section that the actual value of real property be
determined according to a specified year's level of value and
manuals and associated data published by the administrator for
said specified year and approved by the advisory committee to
the administrator shall apply to the assessment of all classes
of real property, including but not limited to the following
classes of real property:
(I) (Deleted by amendment, L. 87, p. 1390, section 2,
effective April 1, 1987.)
(II) (Deleted by amendment, L. 87, p. 1392, section 2,
effective April 1, 1987.)
(III) Operating property and plants of public utilities;
and
(IV) Agricultural land.
(V) (Deleted by amendment, L. 87, p. 1385, section 1,
effective June 20, 1987.)
(b) This subsection (12.2) shall take effect January 1,
1987.
(12.3) (a) (I) The actual value of personal property .
shall be determined by appropriate consideration of such of
the three approaches specified in section 39-1-103 (5) (a) as
are applicable to the appraisal of such property. Subject to
review and approval by the advisory committee, the
administrator shall prepare and publish appraisal procedures
and instructions for the annual appraisal of such property
which will include a factor or factors to adjust the actual
value for the current year of assessment to the level of
value applicable to real property.
(II) In determining actual value, depreciation
attributable to age shall not exceed that for the actual age
of the property on the assessment date. Physical, functional,
and economic obsolescence shall be considered in determining
actual value.
(b) Repealed, L. 83, p. 1485, section 11, effective
April 22, 1983.
(12.4) For property tax years commencing on and after
January 1, 1987, the requirement stated in subsections (9) to
(11) of this section that the actual value of real property be
determined according to a specified year's level of value and
manuals and associated data published by the administrator for
said specified year and approved by the advisory committee to
(1989) -18-
i of 1 /tea v e S
T 3
RESTAURANTEEQUIPMENT COMPANY INC. .
lit.'
PHONE(303)480-5000
FAX(303)477-1680
EQUIPMENT APPRAISAL VALUE 3427 LIPAN STREET
DENVER,COLORADO 80211
Little Caesars
3810 W 10th
Greeley, CO
ITEM DESCRIPTION High Low i
100 14" ROUND PANS 1.00 100.00 0.20 20.00
2 SOAP ,AND PAPER DTSPENScRS 8.00 16.00 1.00 2.00
1 PIZZA PRIDE WARpRER 140.00 40.00
1 MOP BUCKET AND ,MOP 25.00 10.00
1 6ft PREP TABLE S/S TABLE w.: OASTZIS 175.00 60.00
1 Eft OVER SHELVES 55.00 20.00
1 3ft WIRE SHELVES 140.00 40.00
4 4ft OVER SHELVES 60.00 240.00 20.00 80.00
1 AMANA RANGE 200.00 50.00
1 914" .PREP TABLE 300,00 90.00
1 ' 9X4 'OVER SHELVE 150.00 50.00
3 72 ' TICKET RACKS 40.00 120.00 15.00 45.00
1 20 ' TICKET RACK 25.00 10.00
1 44 ' TICKET RACK 35.00 10.00
2 6ft WORK TABLES 175.00 350,00 60.00 120.00
1 PIZZA OVEN 2800.00 900.00
1 10 ft HOOD 1500.00`` 300.00
3 CLOCKS 2,00 6.00 0.50 1.50
5 PHONES 20.00 100.00 10.00 50.00
3 36x24 WIRE RACKS 20.00 60.00 10.00 30.00
2 8ft WORK TABLES W/ CASTERS 250.00 500.00 75.00 150.00
1 7ft WORK TABLES W/ CASTERS 200.00 6o.ou
1 GLOBE SLICER 600.00 200.00
2 HAND SINKS 25.00 50.00 15.00 30.00
3 36x20 RACKS 20.00 60.00 10.00 30.00
1 STEPHEN FOOL PROCESSOR 1900.00 700.00
1 30 ' OVER SHELVES 30.00 10.00
1 8 1/2 3 -COMP . SINK w. PRERINSE 550.00 250.00
100 14 ' PANS 1.00 100.00 0.20 20.00
60 .12 ' PANS 1.00 60.00 0.20 12.00
40 10" PANS 1.00 40.00 0.20 8.00
172 12x12 PANS 1,00 172.00 0.20 34.40
8 6x-6 PANS 1.00 8.00 0.20 1.60
2 42 ' DOUBLE OVEN SHELVES 55.00 110.00 20.00 40.00'
2 STOCK POTS 40.00 80.00 15.00 30.00 ,
3 36x18 WIRE SHELVES 35•0o 105.00 10.00 30.00 %
4 SHEET PAN RACKS 80.00 320.00 40,00 16a00
14 APRONS 2.00 28.00 0.50 7.00
1 WATER HEATER W/ MOP AND SINK 275.00 70.00
1 IMPERIAL FREEZER 350.00 90.00
1 VEG . SINK w/ PRE RINSE 275.00 250.00
1 MANTOWOC 200 950.00 400.00
18x36 WIRE SHELVES 55.00 10.00
1 10x10 10 WALK IN 1950.00 600.00
1 SHEET PAN CART 80.00 30.00
2 4ft WIRE SHELVES 125.00 250.00 60.00 120,00
1 5ft DONAGE RACK - 120.00 50.00
1 3ft WIRE SHELVES 45.00 ' 20.001
7 - 26 - 90 W E D 9 : 41 R EST . EQUIP . C O . P . 02
• ;age 2
EQUIPMENT APPRAISAL VALUE
Little Caesars
3810 W 10th
Greeley, CO
ITEM DESCRIPTION _ High Low
1 AIRCURTAIN 40.00 15.00
24 FULL PLASTIC PANS 8.00 192.00 3.00 72.00
12 LARGE LIDS 2.00 24.00 0.50 6.00
3 SCALES 25.00 75.00 5.00 15.00
64 TRAYS 18x26 3.00 192.00 1.00 6;.00
24 PIZZA PANS DIVIDERS 1.00 24.00 0.50 12.00
24 12x12 SQ . PANS 1.00 24.00 0.50 12.00
3 WIRE RACKS 20.00 60.00 10.00 30.00
1 TOMATOE SLICER 30.00 15.00
2 60gt POTS 40.00 80.00 15.00 30.00
1 LADDER 15.00 5.00
2 SOAP & PAPER DISPENSER 6.00 12.00 4.00 8.00
1 LITTLE CaSARS BRAIN TEASER 15.00 10.00
20 1/3 PANS 4.00 80.00 0.50 10.00
20 1/6 PANS 1.00 20.00 0.50 10.00
5 1/2 PANS 5.00 25.00 1.00 5.00
20 SHEET PANS 3.00 60.00 1.00 20.00
1 ANIEST DOUGH SHEETER 1200.00 400.00
2 OVER HEAD FANS 2.00 4.00 1.00 2.00
I l@FT MENU SIfN 15o.00r 40.00
1 12ft BACK COUNTER 75.00 40.00
I SAFE Mc GUNN 350.00 75.00
1 FIRE E X TIIyrGUISSES 10.00 5.00
2 6ft BENCHES 20.00 40.00 10.00 20.00
1 PIZZA NEON SIGN 30.00' 10.00
2 O U T SIDE NEON S I N 50.00 100.00' 20.00 40.00 -
1 12ft FRONT COUNTER 150.00 75.00
TOTAL $ 18,877.00 $ 6,347.5
• .
HIGH FIGURE : REFECTS AVERAGE MARKET USED SELLING PRICE
LOW FIGURE : REFECTS AVERAGE MARKET DEALER BUYING PRICE
EXHI' ' 4
ii
OSTAURANT EQUIPMENT COMPANY INC._
- PHONE(303)480.5000
FAX(303)477-1680
3427 L1PAN STREET
EQUIPMENT APPRAISAL VALUE DENVER,COLORADO 80211
Little U6188P8
838 Caffman St
Longmont, CO
ITEM DESCRIPTION High . Low
1 • 4ftx20" wire shelve . . . •.95.00." . . 30.0:
1 • COCOA DRINK DISPENSER 75.00 ' 25.0;
! 400.16 ice machine 1100.00 500.Oc
1 RANDELL 5' SANDWICH UNIT 600.00 350.0;
1 AMRENA RC/6 200.00 50.0c
2 4 ' OVERSHELVE 45.00 90.00 20.00 40.oc
1 6 FOOT TICKET BAR 30.00 15.Oc
1 lOtt HOOD 1500.00 3oo.oc
5 PHONES 20.00 100.00 10.00 50.00
2 S/S HAND SINKS 25.00 50.00
1 7ft 6 ' RANDELL SANDWICH UNIT PREPTABLE 900.00 25o.00
1 5ft GUEST CHECK RACKS 20.00 5.0c
1 7ft 6" OVER SHELVES 55.00 20.00
2 6ft WORK TABLE W/ BACK SPLASH & CASTERS 175.00 350.00 60.00 12o.oc
4 4ft OVEN SHELVES 60.00 240.00 20.00 80.CC
1 3ft WIRE SHELVES ON CASTERS 175.00 45.0c
1 4ft WORK TABLE W/CASTERS 160.00 40.0c
1 8x12 VOLLRATH WALK IN 1800.00 6o0.oc
4 5ft WIRE SHELVES 150.00 600.00 50.00 200.0c
5 SHEET PAN CARTS 80.00 400.00 30.00150.0c
1 4' x3 ' DONAGE RACKS 120.00 50.Oc
1 8ft WORK TABLE W/ BACKTLASHW/ CASTERS 250.00 75.00
1 CART 60.00 20.0C
1 BEPKEL FOOD PROCESSOR 1900.00 7o0.00
2 4ft OVER SHELVES 45•oo 90.00 2'0.00 4o.0C
1 ADVANCED VEG. SINK W% PRE RINSE 275.00 90.0c
2 3ft WIRE OVEN RACKS 20.00 40.00 5.00 10.00
1 3 comp , sink w/ prerinse 550.00 9o.oc
4 5ft WIRE SHELVES 140.00 560.00 50.00 200.00
21 TRAYS 1.00 21.00 0.40 8.40
9 1/3 PANS 4.00 36.00 0.50 4.5c
35 18x26 SHEET TRAYS 3.00 105.00 1.00 35.0c
2 WALL CLOCKS 2.00 4.00 0.50 l.0c
22 FULL PANS 8.00 176.00 3.00 66.oc
20 LIDS 2.00 40.00 0.50 10.0c
15 6 PANS 1.00 15.00 0.20 3•oc
17 6PANS 1.00 17.00 0.20 3.4C
18 1/3 PANS 4.00 72.00 0.50 9•oc
19 1/2 PANS 5.00 95.0 1.00 19.00
3 SCALES 25.00 75.00 5.00 15.0c
75 SHEET PANS 1.00 75.00 0.25 18.75
1 12 ' SIGN BOARD 150.00v 40.Oc
2 CAZSAR SIGN OUT SIDE 5.00 io.00v Loa 2.0c
1 3 ' x4 ' WORK TABLE 95.00 4o.oc
1 4 ' x18 ' OVER SHELVES 45.00 20.00
1 GLOBE SLICER 600.00 200.CC
2 8ft WORK TABLE w/ CASTEP,S BACKSPLASH .300.00 600.00 125.00 250.00
1 RANDELL PIZZA OVEN 1200.00 400.00
.
Little Caesars - -- _838 Longmont,f�C St
O
ITEM DESCRIPTION High Low
IN ; "
1 MOP SK 80.00 15.00
1 18x24 OVER HEAD SHELVES 35.00 15.00
1 TIME CLOCK 90.00ti 45.00
1 IMPERIAL SINGLE DOOR FREEZER 350.00 90.00
1 A 0 BU SMITH WATER HEATER 275.00
1 RANDEL PIZZA HOLDING BOX 70.00
3 CASH REGISTER 150.00 40.00
4WASTT BUCKET Leased
120 PANS 20.00 80.00 2.00 8.00
1 LITTLE; CAESAR BRAIN TEASER 2.00 240.00 0.50 60.00
2 6ft FRONT COUNTER 15.00 10.00
1 .14ft FRONT COUNTER 20.00 40.00 10.00 20.00
1 14ft BACK COUNTER 350.00 50.00
140 MEDIUM FANS 200.00 40.00
21 SMALL PANS 1.50 210.00 0.50 70.00
38 x9 PANS 1.00 21.00 0.20 4.20
2 60 QUART POTS 1.00 38.00 0.20 7.60
40.00 80.00 1 .00
2 LITTLE CIiESAR SIGNS IN SIDE 2.00 4.001.00 32,00 1 LADDER I 15.00
1 AIR CURTAIN 5.00
24 PIZZA PAN DIVIDERS 40.00 5,00
1.00 24.00 - 10.00
TOTAL I $1 _
8,- 1-53.00 $ 5,886.85
I •
C
HIGH FIGURE : REFECTS AVERAGE MARKET USED SELLING PRICE
LOW FIGURE : REFECTS AVERAGE MARKET DEALER BUYING PRICE
F
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DISTRIBUTING INC.
23149 COMMERCE DRIVE • FARMINGTON HILLS, MICHIGAN 48024 • (313)476-2900
January 21, 1991
Hr . Tony Fonte
Shore 6
375 East Horse Tooth
Suite 102
. Ft. Collins, CO 30525
Dear Tony:
Following is a standard schedule used throughout the equipment
industry to evaluate equipment that is over 1 year old.
12 months to 24 months 502 of value
24 months to 36 months 302 of value
36 months or older 102 to 20Z of value
Anything older than 5 years is worth scrap price or whatever a
buyer is willing to give. Host used equipment over 5 years old is
junked_
If you need any other information please feel free to call .
Sincerely,
Rick Birndorf
Director of Equipment
Sales
RBlth
Nil - Ill J,„„, C CU „id COMPRRY
G �
JOfp,L COIZCEpf JYL good CCE'L(TLCE gilly2YrLEnt
jr 7000 FENKELL AVENUE • DETROIT, MICHIGAN 48238 • (313)341-6400 • FAX(313)34243398
"From the front door to the back, a 'turnkey' job you will be proud of"
January 23, 1991
Mr. T. Fonte
37115 E. Horse Tooth
Suite 102
Ft. Collins, Colorado 80525
Tony,
As per our phone conversation regarding value of used equipment, it is
our policy that equipment depreciates approximately 50% after only two to
three months o£ operation. After one year in use, equipment is valued at
less than 40% o£ original price. This does depend on the actual condition
of individual pieces of equipment. Any equipment older than four to five
years, is usually worth approximately 10% or less. Most used equipment older
than five years has been used in an every day situation is usually worthless.
I£ you should have any questions, don't hesitate to call me personally.
Sincerely,
THE F. D. STELLA
PR UCTS COMP
J es J. Schulte
Assistant to the President
JJS:ak
Factory to you - Distribution of Equipment,md oplies for: Restaurants, Dri:P-ins, Bars, Instinttlons, Hotels, Mote's,
Hospitals, Militarl,. Schools. Market+, Dairies, And Indusu?a, 'n-()Lilt Feeding /nstalla ions.
INSTRUCTIONS TO SENDER INSTRUCTIONS TO =I'LL -'=T
1. DETACH YELLOW COPY 1587 1. WRITE REPLY AT BOTTOM.
-- 2: SEND WHITE AND PINK PARTS.. _ . -.. - 2.. TACH_STUB, RETAIN WHITE COPY AND
WITH CARBON TO PERSON ADDRESSED. RETURN PINK COPY TO SENDER.
-_-._-.-_
REPLY - MEZZO - FROM 6nrbaTO • E- , 9._h) ()
O .2._.
3 - J-- a
Cot 161 E.Market St.
� Sandusky, Ohio 44870
P� / r_ /424-0-12-i9' - - c__ Phone(419)626-4186
11>�1sun.JEcic �/� � j , � DATE
. AV I el?()
MESSAGE REPLY NECESSARY
❑ YES ❑ NO
m._it_lore_• /' —at
---276.1431/4_4_4712152.71
ORIGINATOR- DO NOT WRITE BELOW THIS LINE - SIGNED(.
REPLY -
•
DATE OF REPLY
USED EQUIPMENT•
#101 Milk Cooler Stainless-Norris 350.00 #266Do11-Flynn-recon. Automatic glass washer 2490.00
#102 5 Butter Pad Dispenser s/s 25.00 #268AMF-Plate Chiller 150.00
#105 Drop in cold Pan 75.00. #269 Vulcan-6 burner, 24" grill w/2 ovens-Electric 495.00
#110 2 Burner DE Hot Plate 75.00 #270 Blodgett-Double pizza oven-Electric 1490.00
#111 Steam Table 49.00 #271 Blodgett-Double pizza oven-Electric 1245.00
#113 Hobart 60 qt. Mixer-Model H600-vary good 3500.00 #273 Rabum - cup or glass washer 19.00
#114 Beam Scale Floor Model 150.00 #274 Metro - glass or dish rack 24.50
#117 2 Drop In Plate Lowerator-plates to 10" 125.00 #275 Hobart - flat rack 6.50
#118A Stock Pot Stove-Gas 249.00 #276 Hobart - peg rack 6.50
#119 Hobart Elec. double deck pizza oven 1500.00 #277 Raburn - glass rack 19.00
#122 South Bend Magic Ray Broiler-Gas 1499.00 #278 Metro - cup rack 24.50
#124 Weber-Pressure Chicken Fryer; 1199.00 #284 Hobart - tubular chute for veg. slicer 29.00
#125 Pressure Chicken Fryer 1199.00 #285 Prince Castle-Bunn Toaster 249.00
#127 Vulcan Hart Fryer, Floor Model Electric 700.00 #286 holding meat drain tray w/trivet 9.50
#128 Vulcan Hart Fryer, Floor Model Electric 700.00 #287 wire basket 4.90
#129 43-1/2" wide Copper Hood 199.00 #288 French Fry Warmer-overhead 49.00
#131 48" x 48" x 24" Exhaust Hood 250.00 #289 Pop Cold Plates 49.00
#133 Vulcan Hart 36" Grill Electric 900.00 #292 Cornelius-instant mashed potato machine 24.50
#134A Keating Gas 36" grill on stand w/casters 460.00 #309 black leather sofa 150.00
#136 Biro Meat Saw-Like New 750.00 #312 Solid Wood Top w/Base
#137 Vulcan 72" grill on legs-Electric 599.00 30" x 30" 65.00
#140 Vulcan 72" grill on legs-Electric 790.00 30" x 54" 125.00
#144 Cocktail station, has hand sink, drain board, 36" x 36" 90.00
water filler & glass rinser s/s 295.00 #31472" bakers table w/spice bins, drawer,
#158 Exhaust hood for Pizza deck oven 200.00 flour bin & 2 shelves 495.00
#159 Black galvinized exhaust hood : , ! 200.00 #315 Pepsi - 3 flavors 290.00
#169 -#172, 4 Insert dividers w/Tull-sz. pans 49.00 #316 Garland, 4 burner range w/oven 490.00
#173 -#174, 2 drain trays w/5/8" holes 24.00 #318 Norris, Mild dispenser s/s 225.00
#175 -#178, 4 drain trays w/3/8" holes 48.00 #320 Water chillers for pop or drinking water 150.00
#179 -#182, 4 insert holders ' 25.00 #321 Duke-6 section foodwarmer w/shalt 690.00
#184 54" s/s Work table top 99.00 #322 Cooks center w/hoods 2750.00
#186 - #187, 2-4 hole silvwerware dividers 50.00 #323 s/s 3-compt. sink w/legs drainboards &shelves2690.00
#191 Tartar Sauce guns .29.00 #324 s/s 7' x 14" wall shelves 99.00
#194 Iced Tea Machine 5.00 #325 14" x 7" s/s wall shelf 99.00
#195 s/s Silverware bin - 12.50 #326 Hand dryer, Like New 175.00
#203. Sandwich Toaster-Toastmaster 150.00 #327 Jet spray, Hot Chocolate Machine 150.00
#204 Waffle Maker-Twin 50.00 #331 Taylor Shake Machine 2700.00
#206 Double Waffle Iron 50.00 #333 s/s Waitress Station 400.00
#207 '4 Burner coffee warmer • 150.00 #335 Emberglo Steamer sod 1 350.00
#208 Deep Fryer-Chicken • q 490.00 #32-C 8' bu Snn nn
#210 Counter Stool - 40.00 #338 6' bar sink 300.00
#223 6 drawer desk w/2 side shelf,- 250.00 #34038" Range, 4 Burners, 2' Grill 275.00
#224 6 drawer desk • i ; ,. 200.00 #345 Little Red Smoke House 7000.00
#243 .Union ceiling Ian L c! r ,,, 20.00 #351 Refrigerated Display Case 200.00
#244 Union celing fan 20.00 #352 Norris Milk Dispenser 75.00
#246 Rug Shampooer-By Worldl p� , 295.00 #353 Booster water Heater, Cam Industries 150.00
#247 Fastran fryer timer 100.00 #354 Baker Pride Electric oven 250.00
#248 Jet Spray hot chocolate machine 50.00 #357 Frialator Fryer 250.00
#249 Jet Spray hot chocolate machine 50.00 #358 Bastina/Blessing dish-o-lafor,dishwash, w/tabies750.00
#254 large number system 25.00 #360 GE 4 burner electric range 950.00
#255 Prince Castle grill timer 50.00 #361 Delfield Refrigerated Display case 425.00
#256 Mies Filter - grease seperator 250.00 #363 Sensor Portion Control scale
#261 Display Case, Refrigerated 199.00 Factory reconditioned 199.9 oz. cap. 350.00
#262 Jet Spray-Single drink display machine 49.00 #364 #3BWP Star Food Warmer 50.00
#264 Hatco-72" Heat Strip Warmer 99.00 #365 Karma Beverage Dispenser 25.00
#265 Berkel Foodcutter 899.00 #366 #941 Hamilton Beach drink mixer 250.00
r :j....,,. sTAs2i. r.:5"1" scram'44i�`e'#"nir4 .a :-.,-A 'r r.,` .:r.- + 1M1
I I' 1
l
USE
p , EQUIPMENT cont.
' f 50.00
f67 #932 Hamilton Beach drink mixer 95.00 #409#750MD Hot cocoa maker 800.00
.368 Westbend 36 cup perculator 25.00 #410Traulsen 1-section refrigerator
#369 CH2AWV Cory 2-burner hot plate" !. 40.00 #411 FX15153 Auto broil-recond. conveyor toaster 2;95.00
00.00
200.00 #412 s/s Work Table 250.00
j #370 #28-500 Tomlinson soup pot 200.00 #413 Portable work table
#371 A-120#28-500 Tomlinson soup pot 50.00
4!• #374 A-120 Hobart mixer_ -; ' ' �. 950.00 #414 #10-10-4A-LU Greitzer power pak 350.00
250.00 #415 MF4 meat refrigerator (each) 50.00
#375 MD-2228 Serv-o-lift lowerator , ; 250.00 #416 -#419 s/s shelves
#376 MD-2228 Serv-o-lift Iowerator � 150.00
250.00 #420 s/s shelves wholes 100.00
#377 s/s work
Serv-o-IHt lowerator 300.00 #421 ECR31 Sweetheart triple cup dispenser 100.00
#378 Salad
work table 350.00 #422 Tray slide 50.00
#379 Salad bar 1250.00 #423 s/s shelf 375.00
#383 48* g Duke salad bar w/sneeze guard 650.00
#384 48" gas grill " � 600.00 #424 8.5-C-18 Eagle 3-comet. bar sink, 5'
#386 S3SR Duke steam table 700.00 #425 CK20 G.E. 28# electric counter fryer 650.00
#389 GEF3M Vulcan 3 - 40# deep fryer 1000.00 #426 CK20 G.E. 28# electric counter fryer��n�
50.00 # a s 460.00
#390 #250 NCR cash register 50.00 #428 s/s bun warmer - Toastmaster
#391 AM- NCR cash register 429.00
#394 AM-11C Hobart dishwasher w/2-s/s tables 3500.00 #429 Wearever broiler 750.00
#395 CK-50 G.E. electric fryer 1200.00 #430 Duke 4-well counter top hot food bar
700.00
#396 #6115T Hobart potato peeler w/stand 00 -
#397 Cash register and stand 450. F.,,,.une rear r=s W/RASES
250.00 25.00
#398 MD-2 Silex coffee brewer 250.00 30" x 30"
#399 MD-2228 Sarv-o-list lowerator 30.00
400.00 36" x 36" 25.00
#400 MAC-228 Bllckman coffee brewer 250.00 30" Round
#401 MD-2228 Serv-o-lift lowerator 95.00 42" Round 50. 75.00
85.00
#403 DC985 Wilder pastry display case 100 60" Round
#405 Coffee Thermo 30.00
36"
#406 Coffee Thermo " 50.00 24' x 35.00
#407 Heated display ' 250.00 30" x 42" 65.00
#408 Coffee Thermo 50.00 30" x 48"
l Golden Oak table top 24" x 42" 30.00
C,
',. •0 1' t i a t + I
Booths- Many Sizes, Shapes, & Colors
I
""
f ,-i'', Cif + ' 't
All of the used equipment listed above is in our warehouse
• " In Sandusky, Ohio.':The prices listed do not include
: delivery. San Bay will offer an opinion as to the condition
1 - ! of any piece you might inquire about, but will not warranty ,
' ;' •!' or be responsible for said piece.' All sales are AS IS., .
t 5 i'} ' I Iii rta(.Iun$ i n.
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