BULK SALES

NOTICE TO CREDITORS OF BULK SALE AND OF INTENTION TO TRANSFER ALCOHOLIC BEVERAGE LICENSE
(UCC Sec. 6101 et seq. and B & P 24073 et seq.)
Escrow No. 13700-CH
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 business address of the Seller(s)/licensee(s) are: STEPHANIE REXANN AVENUE, 7850 FLORENCE AVE, DOWNEY, CA 90240
Doing Business as: GUARDSMAN LOUNGE
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: GUARDSMAN LOUNGE, 7850 FLORENCE AVE, DOWNEY CA 90240
The name(s) and address of the Buyer(s)/applicant(s) is/are: FRYKLUND ENTERPRISES INC, 7850 FLORENCE AVE, DOWNEY CA 90240
The assets being sold are generally described as: FURNITURE, FIXTURES, EQUIPMENT, TRADE NAME, GOODWILL, LEASE, LEASEHOLD IMPROVEMENTS, COVENANT NOT TO COMPETE AND ABC LICENSE ON-SALE GENERAL PUBLIC PREMISES LICENSE #48-432877 and is/are located at: 7850 FLORENCE AVE, DOWNEY CA 90240
The type and number of license to be transferred is/are: Type: ON-SALE GENERAL PUBLIC PREMISES, License Number: 48-432877 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: ACT ONE ESCROW INC, 17918 PIONEER BLVD, STE 202, ARTESIA, CA 90701 and the anticipated sale date is MAY 19, 2017
The bulk sale is subject to California Uniform Commercial Code Section 6106.2.
The purchase price of consideration in connection with the sale of the business and transfer of the license, is the sum of $250,000.00, including inventory estimated at $, which consists of the following: DESCRIPTION, AMOUNT: CHECK $2,000.00; CASH $248,000.00; TOTAL CONSIDERATION $250,000.00
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.
STEPHANIE REXANN AVENUE, Seller(s)/Licensee(s)
FRYKLUND ENTERPRISES INC, Buyer(s)/Applicant(s)
LA1801751 DAILY COMMERCE 4/27/17

The Downey Patriot
4/27/17