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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 and address of the Seller/Licensee is: FLINTRIDGE PROPER PARTNERS LLC 464 FOOTHILL BLVD., LA CANADA FLINTRIDGE, CA 91011 The business is known as: THE FLINTRIDGE PROPER The name and address of the Buyer/Transferee is: PROPER HOSPITALITY GROUP LLC 464 FOOTHILL BLVD., LA CANADA FLINTRIDGE, CA 9101 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 The assets to be sold are described in general as: FURNITURE, FIXTURES, EQUIPMENT, GOODWILL, TRADE NAME, LEASEHOLD INTEREST, AND ABC LICENSE and are located at: 462-464 FOOTHILL BLVD., LA CANADA FLINTRIDGE, CA 91011 The ABC License to be transferred is: ON SALE GENERAL EATING PLACE LICENSE License No. 47-525455 now issued for the premises located at: 462-464 FOOTHILL BLVD., LA CANADA FLINTRIDGE, CA 91011 The anticipated date of the bulk sale is UPON ISSUANCE OF THE PERMANENT ABC LICENSE TO BUYER at the office of: FEDERAL ESCROW, INC, 23734 VALENCIA BLVD #100A, VALENCIA, CA 91355 The amount of the purchase price or consideration in connection with the transfer of the license and business, including the estimated inventory, is the sum of $370,000.00, which consists of the following: DESCRIPTION, AMOUNT: CASH $241,382.00 LEASE ACQUISITION FEE $128,618.00 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. Date: OCTOBER 26, 2018 FLINTRIDGE PROPER PARTNERS LLC, A CALIFORNIA LIMITED LIABILITY COMPANY, Seller(s)/Licensee(s) PROPER HOSPITALITY GROUP LLC, A CALIFORNIA LIMITED LIABILITY COMPANY, Buyer(s)/Transferee(s) LA2136710 LA CANADA VALLEY SUN 11/8/18

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Posted:
1 week, 3 days, 18 hours ago
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Public & Legal Notices