This is a public record generated listing.

Assets of California Restaurants Business

Please note that this listing has expired. To view active listings, please subscribe to one of our plans.
Add to Dashboard

Listing Information


Assets of California Restaurants Business

Price: $125,000.00

Other Item Info
Item #: casbke_435152
Created: 12/26/2019
Category: Business Property > All Assets or Going Concerns > Restaurants
Sale Date: Thu. Jan 23, 2020
Seller Info
Leslie Gladstone
Trustee's Attorney
401 Via Del Norte
La Jolla, CA 92037
Bankruptcy Info
Case #: 3:19-bk-01962
Case Title: Karma Capital, Inc
Court: California Southern Bankruptcy Court
Chapter: 7
View Case Docket

See More Documents


Sale of assets of Karma Capital, Inc, incuding all of seller's and all of seller's right, title and interest in and to the following then existing assets of Debtor related to the three (3) Restaurants located at 358 East H Street, #604, Chula Vista, CA 91910 ("Chula Vista Restaurant"); 10728 Westview Parkway, Suite 305, San Diego, CA 92126 ("Mira Mesa Restaurant"); and 9828 Mission Gorge Road, Unit 18B, Santee, CA 92071 ("Santee Restaurant") (collectively, the "Assets"):

  • Franchise Agreements with Mediterranean Cuisine Franchising Company LLC ("MCFC");
  • Standard Lease Agreement with The Terra Nova Group, as landlord, dated December 14, 2005, and all amendments thereto including but not limited to any rights of the Estate in the Third Amendment dated April 2018, regarding the Chula Vista Restaurant;
  • Seller's furniture, fixtures, leasehold improvements, furnishings and/or equipment on site at closing;
  • Seller's software, accounts, goodwill, signage, marketing/advertising materials, menu boards, point of sale systems, inventory, and financial and tax books and records pertaining to the applicable restaurant. Seller may retain copies of all such books and records or the original thereof as may be reasonably necessary for the continued administration of the Estate; and Buyer agrees to provide reasonable access to Seller to any books and records as may be necessary to administer the Estate or as otherwise reasonably requested;
  • All intangible personal properly owned by Debtor and used in connection with the Restaurants, including any transferable permits, licenses, leases, and/or phone numbers; and
  • The business as a going concern and all goodwill associated thereto.

Assets for sale is more described from Page No. 24-55 on the attached PDF.

Additional Details

  1. Sale Hearing Time: 2:00 p.m.
  2. Bid Amount: $130,000
  3. Bid Increment: $5,000
  4. Bid Deposit: $10,000
  5. Bid Deadline: January 20, 2019

Other Information

Terms and Conditions:

See Attached.

Subscribe to our free newsletters

* indicates required
Send me information about...
Choose the CaseFolder where you want to see this Deal, or create a new CaseFolder Lite.