After notice and hearing, the Chief of Police may revoke any permit issued under this chapter for the following reasons:
1. Fraudulent Statements. The permit holder has made fraudulent statements in the application for the permit or in the conduct of the business.
2. Violation of Law. The permit holder has violated this chapter or has otherwise conducted the business in an unlawful manner.
3. Endangered Public Welfare, Health, or Safety. The permit holder has conducted the business in such manner as to endanger the public welfare, safety, order, or morals.