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NOTICE TO CREDITORS OF BULK SALE AND OF INTENTION TO TRANSFER ALCOHOLIC BEVERAGE LICENSE (U.C.C. 6101 et...

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Torrance Daily Breeze, NOTICE TO CREDITORS OF BULK SALE AND OF INTENTION TO TRANSFER ALCOHOLIC BEVERAGE LICENSE (U.C.C. 6101 et seq. and B & P 24074 et seq.) Escrow No. T-013983-JC Notice is hereby given that a bulk sale of assets and a transfer of alcoholic beverage license is about to be made. The names and address of the Seller/Licensee are: SALEEM ISSA SHIHADY AND ADELE ZEDAN SHIHADY, 2354 PACIFIC COAST HWY, LOMITA, CA 90717 The business is known as: MORAN'S LIQUOR MARKET The names and addresses of the Buyer/Transferee are: FADI GHABRO, 22420 OCEAN AVE #44, TORRANCE, CA 90505 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, LEASE, TELEPHONE NUMBER and are located at: 2354 PACIFIC COAST HWY, LOMITA, CA 90717 The kind of license to be transferred is: Type: OFF-SALE GENERAL, License Number: 21-288093 now issued for the premises located at: 2354 PACIFIC COAST HWY, LOMITA, CA 90717 The anticipated date of the sale/transfer is MARCH 3, 2016 at the office of: TOWER ESCROW INC., 23024 CRENSHAW BLVD, TORRANCE, CA 90505 The amount of the purchase price or consideration in connection with the transfer of the license and business, including estimated inventory, is the sum of $235,000.00, which consists of the following: DESCRIPTION, AMOUNT: CASH $50,000.00; PROMISSORY NOTE $185,000.00 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: FEBRUARY 1, 2016 SELLERS: SALEEM ISSA SHIHADY AND ADELE ZEDAN SHIHADY, BUYERS: FADI GHABRO LA1628655 DAILY BREEZE 2/9/16

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