39743 Grand River Ave, Novi, MI

Description

Motivated seller, please send your offer.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 HighlightsFinancials:Gross Revenue: $740KSDE / Cash Flow: $38,000Total Operating Expenses: $432k(includes rent, wages, utilities, etc.)SDE: The $38,000 Alcohol License: Excluded*** Why This Business Stands Out ***Prime location on Grand River Ave. with excellent visibility and parkingLow rent burden relative to sales (only 7.5%)Fully equipped kitchen with all necessary hoods, grills, and equipmentSimple, proven menu focused on authentic Korean cuisineOwner is willing to provide training and transition support*** Ideal Buyer ***Experienced restaurant operator or chef who wants to step into a ready-to-run businessFamily team looking for a profitable owner-operator opportunitySomeone who can maintain or grow the current revenue with strong cost controlThis 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: $170,000 -- The data in this list has been compiled with the best efforts, but the buyer should verify all information independently.

Price & Status History

MLS Listing History1 listing

Tax & Assessment

Property Details