BOWLING GREEN, Ky. (WBKO) - Steamer Seafood is now in the ownership of Franklin Bank and Trust.
During the Warren County Master Commissioner's Sale on Tuesday, Franklin Bank and Trust was the only bid that was cast for $1.25 million for the building Steamers resides in, and also the lone bid of $197,500 for the restaurant's personal property.
13 News did reach out to a bank official after the sale, but they declined to comment.
Steamer Seafood will be up for sale as part of the Warren County Master Commissioner's Sale taking place October 29.
The property will be offered to the highest bidder due to debt with a Franklin bank.
Dale Augenstein, owner of Steamer has been working with the bank and said that just because the building is for sale, this does not impact the restaurant at all.
"The restaurant itself has absolutely no debt to any vendor of any kind, I mean zero. There's none. The debt is with Franklin Bank, period," said Dale Augenstein, Owner.
Steamer Seafood is also working on re-opening it;s original restaurant on Hilton Head Island. They also have several other deals in the works in town.
"We have a three year contract with SKYCTC and I just got a email from Mr. Todd Stewart from the athletic director. We will be back in Diddle Arena in less than a month for the WKU basketball season. Life goes on at Steamer I just will have a different landlord,"added Augenstein.
According to the Warren County Master Commissioner's website, Steamer appraised for $1.15 million, but owes over $2 and a half million.
The auction will take place "about the hour of 5:00 p.m., at the Justice Center on the 2nd Floor, in the District “D” Courtroom, Bowling Green, Kentucky."
See the document below for more details of the sale.