Property Description

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)

Property Features

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