SALAE PENDING Price reduced to $69,900

Restaurant is a few blocks from the main campus of the University of Michigan. Restaurant has a lot of upside potential. 4 years ago owners invested over $100,000 in renovating, updating the dining rooms, kitchen, and storage areas and brought everything up to code. This white table cloth, glass topped ethnic restaurant serves buffet and al carte. The restaurant could easily be redecorated in to any motif, and kitchen equipment will facilitate most cuisines. Dining area is approximately 2,000 SF. Kitchen of about 500 SF. One unused finished room downstairs could easily be used for special events, meeting room, or additional restaurant dining. However do note there is no elevator thus not handicapped compliant for that area. Rent is a reasonable $4,500/mo plus taxes and insurance. Lease is transferable to new financially qualified owner. Liquor licenses are available through the state and/or city. License does not come with the purchase of the restaurant. A NDA (confidentiality agreement) and conversation with the broker is required before details, location, name is provided. Contact Michelle Webster @ 734-323-0376 or email michelle@bbfbrokers for NDA and discussion.

Facilities: The dining area is approximately 2,000 SF plus a kitchen of about 500 SF. Plus additional room and storage. Parking for owner and 3 employees provided. Customer parking on street in front of the restaurant and a structure within a block. Outdoor seating permit available through the city.

Competition: Lots of competition for this type of ethnic eatery in downtown Ann Arbor. The competition however can't beat the parking availability and access to the student population.

Growth and Expansion: A new owner needs to budget for marketing, advertising, networking in order to grow.

Support/Training: Owner is willing to stay on part time as and if needed. Is very willing to train new owner also should that be needed.

Reason Selling: Retirement

Year Established: 2008

Employees: 10

Contact Michelle for more info.