Joseph Freyre, owner of Joseph’s Fine Dining, 1606 S. 8th St., and the Manitou Pancake and Steak House, 26 Manitou Ave., Manitou Springs has struck a deal to sell the pancake place to Farley McDonough, who with her husband, David, own the beleaguered Adam’s Mountain Café, 934 Manitou Ave. in Manitou Springs.
“She made us a decent offer for the building that we couldn’t resist,” Freyre said. “She needed to move. With the flooding that is suppose to continue for 10 years she needed to get out of that place. But the deal is still in the works.”
Why would Freyre want to back out of a business that has proven to be a cash cow?
“My brother is ready to retire,” he said. “He runs that restaurant and I run Joseph’s. I couldn’t do both. We’ve had the pancake house for 13 years. It was time.”
The plan is to close on the deal in Jan. and McDonough hopes to open in April according to Freyre.
“She has a lot of work to do to meet her needs,” he said. “It was fine for us. For our needs. But she wants a different look.”