Turnkey Korean
39743 Grand River Ave Novi, MI 48375
39743 Grand River Ave, Novi, MI, 48375
$170,000
For Sale
$170,000
Turnkey Korean restaurant with a fully equipped kitchen, located on Grand River Ave with visibility and parking.
Days on Market94
Property Features for 39743 Grand River Ave
General Information
- Standard status
- Active
- Property subtype
- Business Opportunity
Building Details
- Year Built
- 1986
Listing agency
Keller Williams Paint Creek
(248) 494-8287
Listed by
Yoon Noh · License #6501422195
(248) 494-8287
Source
Phgrealty
Added: Apr 20 Updated: Jul 22 at 6:21AM Checked: Jul 22 at 6:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Paint Creek
Investment Insights
Based on property information with market context.
This is a turnkey, fully equipped Korean restaurant sale, with the current owner working full-time in the kitchen as the head chef and preparing all dishes fresh daily. The business is offered with a fully set kitchen setup, including the hoods, grills, and other necessary equipment, along with a simple, proven menu focused on authentic Korean cuisine. The owner also states they are willing to provide training and transition support.
The property is positioned on Grand River Ave in Novi, MI, with visibility and parking. Financial highlights provided include $740,000 gross revenue, $38,000 SDE, and total operating expenses of $432k (including rent, wages, utilities, etc.). An alcohol license is referenced as excluded from the offering.
The seller describes the business as having clean books and no complicated franchises or royalties, with numbers provided from corporate tax return Form 1120. Serious buyers only, with proof of funds required.
The property is positioned on Grand River Ave in Novi, MI, with visibility and parking. Financial highlights provided include $740,000 gross revenue, $38,000 SDE, and total operating expenses of $432k (including rent, wages, utilities, etc.). An alcohol license is referenced as excluded from the offering.
The seller describes the business as having clean books and no complicated franchises or royalties, with numbers provided from corporate tax return Form 1120. Serious buyers only, with proof of funds required.
Key Highlights
- Korean restaurant business in Novi, MI, with turnkey operation and fully equipped kitchen
- Gross revenue reported at $740K with SDE/cash flow of $38,000
- Total operating expenses reported at $432K (includes rent, wages, utilities, etc.)
Property Analytics
Location Intelligence
Current Use by Public Records
Hola Seoul
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Dae Jang Keum
Restaurant
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FAQs
What type of property is this?
Conventional restaurant - Turnkey Korean restaurant with a fully equipped kitchen, located on Grand River Ave with visibility and parking.
Where is this conventional restaurant located?
The property is located at 39743 Grand River Ave Novi, MI.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: Korean restaurant business in Novi, MI, with turnkey operation and fully equipped kitchen; Gross revenue reported at $740K with SDE/cash flow of $38,000; Total operating expenses reported at $432K (includes rent, wages, utilities, etc.)
