Couple buys upscale restaurant in Philly for 3.3M, marking milestone in city's history.

Tracey and Cheri Syphax, a married entrepreneurial couple from New Jersey, recently made a positive change in their community by acquiring Booker’s Restaurant & Bar in West Philadelphia for $3.3 million. This Black-owned restaurant has been making an impact in the community for the past six years since it first opened in 2017, and was originally owned by entrepreneur Saba Tedla. It is known for its excellent dishes and superior service, paying tribute to Booker Wright, a legendary African-American waiter in 1960s Mississippi.



The couple acquired the restaurant through their company Phax Entertainment Group, LLC, with the help of a loan from the U.S. Small Business Administration. Tracey and Cheri are looking forward to keeping the restaurant's operations and impact on the community, while adding their own touches such as enhancing the look and adding new dishes.



Tracey shared his enthusiasm: "As a 28-year serial entrepreneur and entrepreneurial instructor, I recognize great models and Saba Tedla has built a great model of excellent service, great food in a warm and inviting atmosphere that has made Bookers a staple go-to restaurant in the heart of West Philly. Our purchase of Bookers now opens endless possibilities for this well-known corridor. We are excited to become a member of this thriving up-and-coming neighborhood. ”



Cheri added: “Tracey and I are excited to take over a restaurant with such a great reputation and following. I have patronized Saba since Aksum and it is a surreal, full-circle moment to own an establishment that made my transition to Philly feel like home. We will keep the menu items our regulars have come to know and love, while listening to their needs and desires for something new. We will also create dishes and cocktails that will tickle and delight their palate and look forward to serving them with the same quality and excellence they have come to expect.”



Learn more about Booker’s Restaurant & Bar via its official website at BookersRestaurantAndBar.com, and follow the couple on Instagram @JustPhax. This news first appeared on blackbusiness.com.

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