November 20, 2009 (FinancialWire) Papa Bello Enterprises, Inc. (OTC: PAPA) has closed its acquisition of The Kebab Cafe; a Southern California-based restaurant concept specializing in Middle Eastern style cuisine with a European twist.
The company said the acquisition will bring in an additional revenue stream to Papa Bello while helping to reach the companys goal of becoming a more diversified food service company.
The Kebab Cafe currently operates a flagship location in the Westfield Mall in La Jolla, California and is currently in negotiations to open two additional corporate locations in the Southern California area over the next few months.
Baltimore-based Papa Bello Enterprises owns, operates, and franchises food service restaurants in the United States and abroad.
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