Cafe La France, Inc.

Proposed Ticker:	CLAF	216 Weybosset Street
Exchange:	NASDAQ-Small Cap Market	Providence, Rhode Island 02903
Industry:	Retail	(401) 453-2233

All share information is proposed
Type of Shares:	Common Shares	Filing Date:	12/18/96
U.S. Shares Filed:	1,150,000	Filing Price:	$4.25
Non-U.S. Shares Filed:	0	Offering Amount:	$4,887,500
Primary Shares:	1,150,000	Expenses:	$497,000
Secondary Shares:	0	Shs Out After:	2,443,302

Manager	Tier	Phone
Schneider Securities, Inc.	Lead Manager	(303) 694-0111

Auditor: KPMG Peat Marwick
	Audited Income	Latest Unaudited Income	Prior Unaudited Income		Balance Sheet
	9/29/96				9/29/96
Revenue:	$2.20			Assets:	$0.89
Net Income:	-$0.67			Liabilities:	$1.20
EPS:	-$0.47			Equity:	-$0.32
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year

Business Description

The company consists of a chain of 17 cafes 11 of which are owned and operated by the company and six of which are operated as franchises by independent third parties who have entered into franchise agreements with the company. The company's menu features coffee beverages including espresso and cappuccino, muffins, croissants, brownies and cookies baked on the premises, made-to-order sandwiches, hot soups, salads and cold beverages. Target customers include urban office employees, students and other adults who are time-sensitive yet desire a higher quality breakfast and lunch experience than is typically found at quick service restaurants. The company seeks to locate its cafes in high visibility, heavily-trafficked office or shopping areas that are easily accessible to its target clientele.

Use of Proceeds

The proceeds from the proposed offering will be used to finance the expansion and development of additional restaurants; to repay outstanding indebtedness to certain noteholders and for general corporate purposes.

Last updated: 12/29/96