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Information on
Novel Coronavirus

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Division of Taxation

COVID-19 Related Tax Information
Information about the Federal Economic Impact Payment – Stimulus Check
Important Information About Retail COVID-19 Fees and Sales Tax

Public Auction of Seized Property

PPN Investments Corporation
2001 South Delaware Ave
Paulsboro, NJ 08066


PROPERTY FOR SALE:
Liquor License # 0814-33-016-012

LOCATION OF SALE:

Paulsboro Clerks Office
1211 N Delaware Street
Paulsboro, NJ 08066  


Date and Time of Sale:
November 13, 2019, at 11:00am

MINIMUM BID:
$10,000.00

PAYMENT TERMS:
  • Successful bidders must make a minimum deposit of 25 percent of 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, is due by 12 noon on Thursday, November 14, 2019 at the NJ Division of Taxation’s Camden Regional Information Center, or deposit monies will be forfeited.
  • Checks must be payable to: New Jersey Division of Taxation.

OTHER CONDITIONS:
  • This sale may be postponed or canceled at the discretion of the NJ Division of Taxation.
  • NJ Division of Taxation employees or any member of the employee’s immediate family may not participate in this public sale.
  • The NJ Division of Taxation reserves the right to receive or reject bids or bidders.
  • 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.
  • The successful bidder for the liquor license must submit a renewal application to the municipality and pay the fee by June 30, 2020, unless the municipality approves the transfer of the liquor license prior to July 1, 2020. 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.
  • 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 November 27, 2019.  Failure to do so will result in forfeiture of all monies paid to the NJ Division of Taxation for the license.
  • If the successful bidder makes proper application for the transfer and renewal of the license, passes the background check conducted by the municipality and the and municipality denies application, then the monies paid to the NJ Division of Taxation will be refunded. 
  • The NJ Division of Taxation has the right to go to the next highest bidder or re-auction the license.

FURTHER INFORMATION THIS SALE MAY BE OBTAINED FROM:
Thomas Kilvington, Supervising Investigator (856) 614-2624
Marzena Sample, Investigator  (856) 614-2627


Last Updated: Monday, 04/13/20