Papa Bello Enterprises to acquire Pastore's of Rosedale

Restaurant chain Papa Bello Enterprises has signed a letter of intent to acquire Pastore's of Rosedale.

Following the acquisition, Pastore's will assist Papa Bello in the design and deployment of a new franchise concept that the company expects to market nationwide under the name Pastore's Italian Bistro & Pizzeria. The acquisition is anticipated to close no later than November 30, 2009.

James Price, CEO of Papa Bello Enterprises, said: "Pastore's is a well known and respected name in the Baltimore area. As we develop this new concept, we will draw from the decade of success that Pastore's has realized and utilize their strengths to forge a strong, profitable franchise model built on high quality food, reasonable prices and impeccable customer service.

"We intend opening our first new Pastore's Italian Bistro location within the next 60 days in Baltimore, Maryland. This location will be used as the model for franchising the concept as well as training new franchisees."

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