Description
Newly updated finishes. Exciting opportunity to purchase established and popular turn key business (Hot Pot Chen Restaurant and Bar) on W Stadium Blvd -Ann Arbor. High traffic location for dine in/carry out serving authentic traditional cuisine. 2.4 Miles W of the University of Michigan Campus. 1.9 Miles from Michigan Stadium. W Stadium Blvd is one of the main thoroughfares to and from the Big House. The building is approximately 5042 sf plus an additional 400 sf paved patio for future outside seating. There's a large area off of the main dining room for private banquets and events. Large kitchen may offer ability to add catering services if desired. Plenty of parking spaces in the back and side of building.
Equipment, furnishings (booths, chairs, tables, server stations, full working bar), fixtures, all tableware and décor, signage, business LLC and liquor license included in sale of business. The restaurant owner leases the space. The building is not for sale. The lease will be assigned per the existing lease agreement w/ property owner approval. If you purchase this restaurant business, you would purchase all rights to the restaurant from current restaurant owner and then be obligated to abide by lease agreement including a security deposit, monthly rent, liability insurance, paying taxes, utilities & services, exterior/interior maintenance and repairs. The current lease ends 7-1-2028.
Location
Listing Agent: Christina Phillips Courtesy of: Shain Park, REALTORS® IDX provided courtesy of Realcomp II Ltd. via site owner and the originating MLS listed above, ©2022 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Updated: 1st February, 2023 11:57 AM (UTC)
