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About the Listing 105080 - RC422195
Business Overview This is a turnkey, fully equipped Korean restaurant in Novi, MI. The business has been operating successfully for years with a loyal local customer base and strong repeat business. The current owner works full-time in the kitchen as the head chef, preparing all dishes fresh daily. Key Highlights Financials: Gross Revenue: $740K SDE / Cash Flow: $38,000 Total Operating Expenses: $432k(includes rent, wages, utilities, etc.) SDE: The $38,000 Alcohol License: Full on-premise liquor license is included in the sale (very valuable in Oakland County). *** Why This Business Stands Out *** Prime location on Grand River Ave. with excellent visibility and parking Low rent burden relative to sales (only 7.5%) Fully equipped kitchen with all necessary hoods, grills, and equipment Simple, proven menu focused on authentic Korean cuisine Owner is willing to provide training and transition support *** Ideal Buyer *** Experienced restaurant operator or chef who wants to step into a ready-to-run business Family team looking for a profitable owner-operator opportunity Someone who can maintain or grow the current revenue with strong cost control This is a legitimate, straightforward business with clean books and no complicated franchises or royalties. The numbers are real and straight from the corporate tax return (Form 1120). Serious buyers only - proof of funds required.Asking Price: $300,000 (includes all equipment, inventory, and alcohol license)
Listing Highlights
Status
Active
Days on Site
12
Property Type
Commercial Sale
MLS ®
60985648
Year Built
19
Total Square Footage
24,000
Lot/Acreage
3
County
Oakland
Area
Novi (63272)
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 24000
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 369x360
- Zoning: Commercial
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Questions About..
39743 Grand River Ave Novi, MI 48375
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