This exceptional “hospitality venue” (or retail space) is a gateway to the highly sought-after Main Street in Buena Vista, Colorado. Although this listing is for real estate only, the buyer is purchasing a turn-key opportunity to move into a proven hospitality business in the dynamic economic environment of Buena Vista. All restaurant/bar/entertainment-venue fixtures and furnishings are included.
Over the past five years The Lariat has become a symbol of the smart growth in Buena Vista -- a place where customers feel safe, have a location to meet with friends and meet new friends, can enjoy business lunches, and savor the vitality of this entertainment venue. In short, The Lariat has become an institution in Buena Vista; it has been described by some as “the soul” of BV. Local residents and the growing tourism industry have provided incredible support for The Lariat.
Sales revenue has grown ten-fold and reached $2.6M in 2019 (last full year prior to Covid) with an exciting trajectory into the future. The revenue level and reputation of The Lariat reduce risk for the buyer as does the $1.75M renovation that took place in the 2016-2018 period.
The building dates back to the mid-1880’s, but has been modernized and structurally brought up to code by the current owners to create The Lariat. It is this new atmosphere/environment that customers have described as classy, hip, steam punk, and trendy. The discriminating buyer will notice the creative use of Salida red brick, glass, antique wood floors, and designer metal accents crafted by a local artist.
In addition to the main level hospitality venue, the two-story building includes five nicely furnished apartments on the second floor, all ensuite to provide additional revenue generation. Four of these are studios and the fifth is the owner’s 1-BR apartment. Square footage: main level is 4,503 sq ft. and second floor is 2,622 sq ft.