Listed by Keller Williams Paint Creek
$300,000
DaeJangKeum 39743 Grand River Avenue
Details
Property Type Retail, Business for Sale
Sub Type Restaurant, Bar
Square Footage 2,600
Tenancy Single
Lease Type Modified
Zoning Business
Parking Spaces spaces
Investment Type Owner/User
Ground Lease No
Established Korean Restaurant with Liquor License(valued $150K). Turn-Key Owner-Operator Opportunity
Marketing description
This is a premier, fully-equipped Korean restaurant located in a high-traffic, affluent Novi corridor. With $740,000 in gross revenue and a loyal local following, this business offers a rare combination of stability and growth potential.
- Valuable Asset: Includes a hard-to-obtain full on-premise liquor license in Oakland County.
- Low Overhead: High efficiency with a rent ratio of only 7.5% of gross sales.
- Prime Location: Excellent visibility on Grand River Ave with ample parking and no franchise fees.
- Ready for Transition: Owner-chef will provide training to ensure a smooth handoff of this successful, established operation.
An ideal opportunity for an owner-operator or family team seeking a clean, profitable, and straightforward business.
Investment highlights
Business Overview ($150,000 valued Liquor LC Included)
- This is a turnkey, fully equipped Korean restaurant located in Novi, Michigan, a high-income and fast-growing suburban market. The business has been operating successfully for many years, supported by a loyal local customer base and strong repeat clientele. The current owner is a full-time head chef who prepares all dishes fresh daily, maintaining consistent quality and authenticity.
Key Financials
- Gross Revenue: $740,000
- Seller’s Discretionary Earnings (SDE): $38,000
- Total Operating Expenses: $432,000 (including rent, labor, utilities, etc.)
- Liquor License
- A full on-premise liquor license is included in the sale. This license is highly valuable and difficult to obtain in Oakland County, adding significant upside potential.
- Why This Business Stands Out
- Prime location on Grand River Ave with excellent visibility and ample parking
- Low rent ratio at approximately 7.5% of gross sales
- Fully equipped commercial kitchen with hood system, grills, and all necessary equipment
- Established and proven menu focused on authentic Korean cuisine
- Owner willing to provide training and smooth transition support
- Ideal Buyer
- Experienced restaurant operator or chef seeking a ready-to-run opportunity
- Family-operated team looking for a stable, owner-operated business
- Buyer with strong cost control who can maintain or improve profitability
- Additional Notes
- This is a clean, straightforward business with no franchise fees or royalty obligations. Financials are well-documented and based directly on corporate tax returns (Form 1120).
- Includes all equipment, inventory, and liquor license.
- Serious inquiries only. Proof of funds required.
- All information is deemed reliable but not guaranteed and should be independently verified.
Listing Contacts
Listed by Keller Williams Paint Creek
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