SAN DIEGO // PRNewswire-FirstCall // -- Papa Bello Enterprises (Pink Sheets: PAPA) announced today that the company has signed a new lease agreement to open the 2nd Kebab Cafe which will be located in the Horton Plaza Shopping Mall in the Gas Lamp Quarter of downtown San Diego. Horton Plaza, an open-air, five-level retail destination currently has approximately 130 retail stores and over 10,000,000 annual customer visits. The Kebab Cafe; a Southern California based restaurant concept specializing in Middle Eastern style cuisine with a European twist is a Kambo Brothers restaurant concept.
The build out is expected to commence within a few weeks and The Kebab Cafe should open for business on or about the 1st of June, 2010. The company expects this location to become the signature Kebab Cafe due to the significantly higher visibility and foot traffic compared to the present, profitable, location.
James Price, CEO of Papa Bello enterprises states, "We are thrilled to sign this leasing agreement which begins the planned expansion of our Kebab Cafe concept. As we begin to exit this economic recession, we intend to take advantage of every reasonable opportunity for the expansion of our business. This particular location is, in my opinion, one of the best in the country and gives us a great opportunity for success. San Diego is a diverse cultural area and we believe that the Kebab Cafe is the perfect concept for this location.
As I stated in an earlier press release, I believe that each individual Kebab Cafe location should be able to operate with a 15%-25% net profit margin, making it an attractive franchise opportunity for entrepreneurs. We look forward to watching the Kebab Cafe concept take off right before our eyes."
Founded in 2005, Papa Bello Enterprises is a San Diego, California based corporation that owns, operates, and franchises food service restaurants in the United States and abroad. The company was founded on the principles of providing the consumer with the highest standards of quality, value, and service. For more information on Papa Bello Enterprises or franchise information, please visit www.papabelloenterprises.com
This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward-looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "seeks," "will," and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risks, and uncertainties, and by reference to the underlying assumptions.
SOURCE Papa Bello Enterprises