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 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 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.
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