BULK SALES
NOTICE TO CREDITORS OF
BULK SALE AND OF INTENTION
TO TRANSFER
ALCOHOLIC BEVERAGE LICENSE
(U.C.C. 6101 et seq. and
B & P 24073 and 24074 et seq.)
Escrow No. 70474-EK
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: JAE CHEOL YOO, 11829 ALONDRA BLVD, NORWALK, CA 90650
The business is known as: HAPPY LIQUOR
The names, and addresses of the Buyer/Transferee are: KBG LIQUOR, INC, A CALIFORNIA CORPORATION, 11829 ALONDRA BLVD, NORWALK, CA 90650
As listed by the Seller/Licensee, all other business names and addresses used by the Seller/Licensee within the 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, TRADENAME, GOODWILL, LEASE, LEASEHOLD IMPROVEMENTS, COVENANT NOT TO COMPETE and are located at: 11829 ALONDRA BLVD, NORWALK, CA 90650
The kind of license to be transferred is: OFF-SALE GENERAL 21-534053, now issued for the premises located at: 11829 ALONDRA BLVD, NORWALK, CA 90650
The anticipated date of the sale/transfer is NOVEMBER 10, 2025 at the office of: UNITED ESCROW CO., 3440 WILSHIRE BLVD #600, LOS ANGELES, CA 90010
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 $290,000.00, which consists of the following: DESCRIPTION, AMOUNT: CHECKS $10,000.00; DEMAND $280,000.00
It has been agreed between the Seller/Licensee and the intended Buyer/Transferee, as required by Sec. 24073 and 24074 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: SEPTEMBER 12, 2025
JAE CHEOL YOO, Seller/Licensee
KBG LIQUOR, INC, A CALIFORNIA CORPORATION, Buyer/Transferee
ORD-4194927 DOWNEY PATRIOT 9/25/25
FCS ORD-4194927
The Downey Patriot
9/25/25