Restaurants have a high failure rate. There are three Italian restaurants in the same area according to information available online. And, most importantly, the Q3 shows additional capital input and a loan by a related party (if I remember correctly) of $500,000. THAT investment will be the first paid off.
But no worries. Jim will simply up the "Goodwill" value of PBE and all will be well for investors.
Yeah, right.
If you're not in this POS, STAY OUT! (You'll thank me later.)
BTW, regarding this:
NEW HOTEL & RESTAURANT LIQUOR LICENSE– PAPA BELLO ENTERPRISES, INC. D/B/A ROSARIO’S AT THE RIVERWALK, 101 S. MAIN STREET, UNITS 200 & 201
They don't have this license YET. They've no-showed at the Liqour Board twice previously. We'll see what happens this time.
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