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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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39743 Grand River Ave , Novi, MI
$170,000
Est. Payment: $377.78/mo
0 Bed
0 Bath
24000 Sqft
Status: Active | Days on site: 134
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House 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.

Highlights

Listed by Yoon Noh , 248-494-8287 Keller Williams Paint Creek , 248-609-8000.

Property Type

Commercial Sale

Lot/Acreage
3

Year Built

1986

County

Oakland

Neighborhood

Novi City

School District

Novi

Listing ID

20261026911

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Water:Public

Exterior Features

Principal Interest
$378
Taxes
$108

Home Price

$170,000

Loan Details

30 yrs
%

Down Payment

20%
$34,000
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Monthly Price:
$377.78

Principal

Taxes

Principal Taxes HOA Total
Monthly $377.78 $108.38 $0.00 $486.15
Yearly $4,533.33 $1,300.50 $0.00 $5,833.83
Total $136,000.00 $39,015.00 $0.00 $175,015.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Novi, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.