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NOTICE TO CREDITORS OF BULK SALE AND OF INTENTION TO TRANSFER ALCOHOLIC BEVERAGE LICENSE(S)
(UCC Sec. 6105 et seq. and B & P Sec. 24073 et seq.)
Escrow No. 14-34779-SH
NOTICE IS HEREBY GIVEN that a bulk sale of assets and a transfer of alcoholic beverage license(s) is about to be made. The name(s) and business address(es) of the Seller(s)/Licensee(s) are: JONG SIK HONG AND MIAE KIM, 13425 POWAY RD, STE 801-803, POWAY, CA 92064
Doing Business as: KAI SUSHI
All other business names(s) and address(es) used by the Seller(s)/Licensee(s) within the past three years, as stated by the Seller(s)/Licensee(s), is/are: NONE
The name(s) and address of the Buyer(s)/Applicant(s) is/are: TI & JI INVESTMENT, INC, 9113 HATCHER LN, SAN DIEGO, CA 92126
The assets being sold are generally described as: ALL STOCK IN TRADE, FIXTURES, EQUIPMENT, GOODWILL, TRADENAME, LEASE, LEASEHOLD IMPROVEMENT, COVENANT NOT TO COMPETE AND ABC LICENSE and is/are located at: 13425 POWAY RD, STE 801-803, POWAY, CA 92064
The type of license(s) and license no(s) to be transferred is/are: Type: ON-SALE BEER & WINE EATING PLACE License No. 41-542449 And are now issued for the premises located at: SAME
The bulk sale and transfer of alcoholic beverage license(s) is/are intended to be consummated at the office of: TEAM ESCROW, 17310 REDHILL AVE, STE 140, IRVINE, CA 92614 and the anticipated sale/transfer is FEBRUARY 3, 2015
The purchase price or consideration in connection with the sale of the business and transfer of the license, is the sum of $450,000.00, including inventory estimated at $500.00, which consists of the following: DESCRIPTION, AMOUNT: CASH $450,000.00; ALLOCATION SUB TOTAL $450,000.00; ALLOCATION TOTAL $450,000.00
It has been agreed between the Seller(s)/Licensee(s) and the intended Buyer(s)/Applicant(s), as required by Sec. 24073 of the Business and Professions code, that the consideration for transfer of the business and license is to be paid only after the transfer has been approved by the Department of Alcoholic Beverage Control.
Seller(s)/Licensee(s): JONG SIK HONG AND MIAE KIM
Buyer(s)/Applicant(s): TI & JI INVESTMENT, INC
LA1490882 SDDT 1/7/15-00126602