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)
Location
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Copyright MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates, and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning, or any information storage and retrieval system, without written
permission from MiRealSource, Inc. Updated: 24th April, 2026 11:03 PM (UTC)
Copyright MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates, and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning, or any information storage and retrieval system, without written
permission from MiRealSource, Inc. Updated: 24th April, 2026 11:03 PM (UTC)
