Papa Bello sells Tennessee development rights
Nevada-based Papa Bello Enterprises is selling its development rights for the state of Tennessee to Phoenix Rising Development LLC.
Papa Bello owns and operates franchisees of Italian style eateries and has 17 stores.
The contract with Phoenix, which also owns the rights to South Carolina, includes the acquisition of a Papa Bello’s corporate store in Cleveland, Tenn cashadvance.
"This agreement represents a substantial enhancement to fulfilling our expansion plans in the southeastern region of the country,” says Phoenix Rising CEO Chase Canfield.
Terms of the deal were not disclosed.