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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. 13-33804-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: CHI HAN KIM, 5580 CLAIREMONT MESA BLVD, SAN DIEGO, CA 92117
Doing business as: BUGA RESTAURANT
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: BUGA RESTAURANT, INC, 13495 MANGO DR, DEL MAR, CA 92014
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: 5580 CLAIREMONT MESA BLVD, SAN DIEGO, CA 92117
The type of license to be transferred is/are: Type: ON-SALE BEER AND WINE-EATING PLACE License No. 41-405715 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 RED HILL AVE, STE 140, IRVINE, CA 92614 and the anticipated sale date is MARCH 19, 2013
The purchase price of consideration in connection with the sale of the business and transfer of the license, is the sum of $700,000.00, including inventory estimated at $5,000.00, which consists of the following: DESCRIPTION, AMOUNT: CASH $700,000.00, ALLOCATION TOTAL $700,000.00
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.
CHI HAN KIM, Seller(s)/Licensee(s)
BUGA RESTAURANT, INC, Buyer(s)/Applicant(s)
LA1271211 SDDT 2/21/13-00107935