Investor wants back $11,000 loaned to food truck owner
A man who invested in a local food truck is taking steps to get back his money now that the business is closed.
Steve Smith, who closed Long Dick’s Sausage Emporium last fall, says he still intends to pay back an investor who filed a statement of claim with the Supreme Court of Newfoundland and Labrador.
— Telegram file photo
Long Dick’s Sausage Emporium sold gourmet sausages in downtown St. John’s for less than two years prior to owner Steve Smith’s announcement last November that he was shutting it down.
Not long after that news was made public, lawyers for Outer Cove resident Glen Noseworthy filed a statement of claim in Newfoundland and Labrador Supreme Court against Smith for $11,000.
According to that document, Noseworthy loaned Smith money on multiple occasions between the fall of 2012 and the summer of 2013 totalling that amount. Noseworthy is seeking the full $11,000 plus interest and court-related costs.
Long Dick’s Sausage Emporium faced various challenges operating in St. John’s. Newfoundland Power took issue with how Smith’s electricity service was set up, which he arranged based on feedback provided by a Newfoundland Power customer service representative.
Smith moved the truck to a council-approved space on New Gower Street in the fall of 2012. The city later impounded the truck to Smith’s chagrin in January of 2013 because it was interfering with snowclearing work. Smith claimed at the time that city plows boxed in his truck with snow that turned to ice.
A notice of substituted service was published in The Weekend Telegram, indicating the law firm representing Noseworthy has not been able to serve Smith in person.
Smith was unaware of the statement of claim filed against him when The Telegram reached him on Monday. Smith said he was surprised legal action had been taken.
“They backed me over a year ago,” said Smith. “They wanted to help me get through the costs that I was incurring at the time, which was related to the inflated power costs and the shutdown and everything I was being subjected to by the city.”
The former business owner said he still intends to pay the money back, but added he is basically bankrupt as a result of the failed business.
“I rode this business right out to the bitter end. It was a small business. I had everything into it and then some. I had more into it than the business was worth, and I rode it out until the end — until I basically went bankrupt.”
Smith says he leased the food truck from its owner, who has since sold the truck to another party. A listing for the truck was still available online, but a phone call to a real estate agent confirmed the truck was sold.
Smith has since moved out of St. John’s and is living with family. He is attempting to find a job in the insurance industry.
The Telegram attempted to contact Noseworthy, but he could not be reached for comment.