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$170,000
Est. payment /mo
24,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Business Opportunity
Listing Status Active
Purchase Type For Sale
Square Footage 24,000 sqft
Price per Sqft $7
Municipality Novi City
Subdivision Novi City
MLS Listing ID 20261026911
Year Built 1986
Lot Size 3.000 Acres
Acres 3.0
Lot Dimensions 369x360
Property Sub-Type Business Opportunity
Source Realcomp
Property 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.
Location
State MI
County Oakland
Zoning Commercial
Direction See the direction of the digital map.
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Foundation Slab
Water Public
Structure Type Brick
Schools
School District Novi
Others
Tax ID 2224476025
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Listed by Keller Williams Paint Creek
Nearby School & Business
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