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Half Down & Seller Financing Option Several Years - Profitable Rest.

Hoboken, NJ

Seller Financing Available

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Asking Price:$450,000
Rent:$8,350/Month
Gross Revenue:$1,300,000
Established Year:2015
Listing ID: 2289861Listing provided by BizBuySell
BUSINESS DESCRIPTION

Discover a Gem in Hoboken: Your Opportunity Awaits!

Step into a thriving Greek restaurant that’s been a local favorite for nearly a decade! With a strong reputation for delicious food and great reviews, this BYOB establishment attracts loyal customers looking for authentic Mediterranean flavors.

Proven Success: Consistent annual revenue of $1.2M-$1.3M
Flexible Financing: Current owner offers seller financing with just $250k down
Room to Grow: Includes a spacious basement for storage ; and lot of potential expansion of business
Community Staple: A warm, inviting atmosphere that keeps diners coming back

Don’t miss this chance to own a beloved restaurant in the heart of Hoboken! Whether you’re an experienced restaurateur or looking to start your journey, this business is ready for you to step in and thrive.

DETAILED INFORMATION
Location
Hoboken, NJ
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,400
Lease Expiration
03/10/2031
Employees
10
Facilities
*Basement storage with freezer chests also 1,400 SF *All equipment is to stay *Public parking lots and street parking within vicinity *Outdoor seating available
Competition
Loyal base of returning customers who enjoy our food, along with many new guests discovering us for the first time. Wonderful mix that keeps the restaurant vibrant!
Growth & Expansion
Expansion Opportunities: Potential to apply for additional outdoor seating, enhancing the dining experience and increasing capacity. Renovation Potential: Space available for upgrades and renovations to elevate the restaurant’s ambiance and functionality. Marketing Growth: Room to implement targeted marketing strategies, including specials and happy hours, to attract new customers and boost sales. Established Reputation: A loyal customer base that appreciates quality food and service, providing a solid foundation for future growth.
Financing
50% down. remainder seller financing available
Support & Training
Training & support will be provided for a reasonable time frame which is to be determined upon receiving offer.
Reason for Selling
Focus on another business
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