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NOTICE TO CREDITORS OF BULK SALE AND OF INTENTION TO TRANSFER ALCOHOLIC BEVERAGE LICENSE(S)
(UCC Sec. 6101 et seq. and B & P Sec. 24073 et seq.)
Escrow No. 08-31976-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 of the seller(s)/licensee(s) are: YU AND MI CORPORATION, 2161-2163 AVENIDA DE LA PLAYA, LA JOLLA, CA 92037-3215
Doing business as: SUSHI BOAT
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: SUNG J. LEE AND MORI INC, 5235 GENESEE COVE #58, SAN DIEGO, CA 92122
The assets being sold are generally described as: ALL STOCK IN TRADE, FIXTURES, EQUIPMENT, GOODWILL, TRADENAME, LEASE, LEASEHOLD IMPROVEMENTS, AND COVENANT NOT TO COMPETE, AND ABC LICENSE and is/are located at: 2161-2163 AVENIDA DE LA PLAYA, LA JOLLA, CA 92037-3215
The type of license to be transferred is/are: Type: ON SALE BEER AND WINE-EATING PLACE License No. 41-463569 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, 17300 REDHILL AVE, STE 110, IRVINE, CA 92614 and the anticipated sale date is NOVEMBER 14, 2008
The purchase price of consideration in connection with the sale of the business and transfer of the license, is the sum of $221,000.00, including inventory estimated at $1,000.00, which consists of the following: DESCRIPTION, AMOUNT: CASH THRU ESCROW: $211,000.00, PROMISSORY NOTE IN FAVOR OF SELLER: $10,000.00
It has been agreed between the seller(s)/licensee(s) and the intended buyer(s)/transferee(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.
YU AND MI CORPORATION, Seller(s)/Licensee(s)
SUNG J. LEE AND MORI INC, Buyer(s)/Applicant(s)
PCTS LA144724 DAILY TRANSCRIPT 10/22/08-00048491