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Notice Is Hereby Given

Notice is hereby given that a bulk sale of assets and a transfer of alcoholic beverage license is about to be made. The name(s) and address of the Seller/Licensee are: THE TULSA RIB COMPANY, 220 E. KATELLA AVE, ORANGE, CA 92867 The business is known as: THE TULSA RIB COMPANY The names, Social Security or Federal Tax Numbers, and addresses of the Buyer/Transferee are: CMMM RESTAURANTS INC, 11119 IRIS COURT, CORONA, CA 92883 As listed by the Seller/Licensee, all other business names and addresses used by the Seller/Licensee within three years before the date such list was sent or delivered to the Buyer/Transferee are: NONE Chief Executive Office: 307 COLLEEN PLACE, COSTA MESA, CA 92627 The assets to be sold are described in general as: FURNITURE, FIXTURES, EQUIPMENT AND GOODWILL of a certain Liquor License No.: 41-528955 and are located at: 220 E. KATELLA AVE, ORANGE, CA 92867 The kind of license to be transferred is: ON-SALE BEER AND WINE-EATING PLACE License Number: 41-528955 now issued for the premises located at: SAME The anticipated date of the sale/transfer is: JUNE 15, 2018 at the office of: ADVANTAGE ONE ESCROW, 7777 CENTER AVE SUITE 350 HUNTINGTON BEACH, CA 92647 The purchase price or consideration in connection with the sale of the business and license, is the sum of $575,000.00, including inventory, which consists of the following: DESCRIPTION, AMOUNT: CASH TO OPEN $20,000.00 DEMAND NOTE FOR BALANCE OF CASH $530,000.00 DEMAND NOTE-INVENTORY $25,000.00; TOTAL CONSIDERATION $575,000.00 It has been agreed between the Seller/Licensee and the intended Buyer/Transferee, as required by Sec. 24073 of the Business and Professions Code, that the consideration for the transfer of the business and license is to be paid only after the transfer has been approved by the Department of Alcoholic Beverage Control. DATED: MAY 7, 2018 SELLER: THE TULSA RIB COMPANY, A CALIFORNIA CORPORATION BUYER: CMMM RESTAURANTS INC, A CALIFORNIA CORPORATION LA2023261-C DAILY PILOT 5/16/18 5611870 - 5/16/2018

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1 week, 1 day ago
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Public & Legal Notices