Retail - Restaurants | Retail - Other Eating & Drinking Places

Asking Price	$950,000	Inventory
Gross Income	$750,000	Real Estate	$950,000*
Cash Flow	$100,000	Year Established	1974
FF&E	$200,000*	Employees	24

* included in the asking price

** not included in the asking price

Great business for sale

Great Opportunity: Existing Business or Owner/User. MOTIVATED SELLER- MAKE OFFER 13,000 sf historic building on 38,000 sf land in historic neighborhood just blocks from downtown Pueblo, CO. Priced to sell, this can be purchased as real estate only OR can include the business and assets of the renowned La Renaissance Restaurant. The real estate consists of a corner location with three parcels of land and a 13,000 building (10,930 sf main level) that was built and used as a church from 1886 to 1974. Zoned R-5, permitted uses include offices, residential, apartments, and other possible business uses. La Renaissance has been in business for over 37 years and is recipient of many awards and national press. Five dining rooms with seating for 323, three offices, large basement, and ample parking. 2006 gross was $750k+. Very experienced staff. There are too many great details to list here; PLEASE CONTACT BROKER FOR MORE DETAILS. 103 miles south of Denver, Colorado. Pueblo is called the "banana belt" due to it's year round temperate climate and is full of recreational activities. Pueblo is the home to Colorado's largest single event, the Colorado State Fair and the ~ 6,000 student Colorado State University-Pueblo. Pueblo population is ~ 103,000 (2005). Pueblo has a low cost of doing business among the lowest in America which is a key reason why more than 50 companies have located here in recent years. Pueblo serves as the southern boundary for the state s major business growth corridor, better known as the Front Range of the Rockies.

Facilities: Make offer- biz with 13,000 sf historic building on 38,000 sf land in historic neighborhood just blocks from downtown Pueblo, CO. Can be purchased as real estate only OR can include the business and assets of the renowned La Renaissance Restaurant. The real estate consists of a corner location with three parcels of land and a 13,000 building (10,930 sf main level) that was built and used as a church from 1886 to 1974. Five dining rooms with seating for 323, three offices, large basement, and ample parking.

Competition: Corner location. Been in business over 37 years. Popular dining establishment and long time customers. A few blocks from the Pueblo Historic District located in quaint historic neighborhood. motivated sellers

Growth/Expansion: Could add lunches and brunch to successful dinner service. Could expand bar area for cocktails and happy hour. Could do more events and banquets.

Financing: possible owner carry to qualified buyer

Support/Training: Negotiable in psa

Reason Selling: retirement