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Turnkey Hoboken Restaurant w/ $900K Sales & Signature Chicken Recipe

Hoboken, NJ (Hudson County)
Turnkey Hoboken Restaurant w/ $900K Sales & Signature Chicken Recipe

Asking Price:$409,000

Cash Flow (SDE):Not Disclosed

EBITDA:Not Disclosed

Gross Revenue:$885,000

Established:2010

Business Description
Exceptional Fast-Casual Restaurant in Prime Hoboken Location – 15 Years Established – Strong Sales & Turnkey Condition

A rare opportunity to acquire a highly successful and long-established fast-casual restaurant located in the heart of Hoboken’s busiest commercial district. Operating for 15 years under the same ownership, this business has built a loyal customer base, strong brand presence, and a reputation for serving some of the most popular Korean-style fried chicken dishes in the area.

2023 annual revenue reached approx. $900,000, with 2024 trending in the $850,000–$900,000 range, supported by both dine-in and delivery sales. Financial documentation & POS reports will be provided to qualified buyers.

[Key Highlights]
• Strong, consistent revenue — historically around $900K per year
• Prime Hoboken location with heavy foot traffic near major residential and student population
• 15 years in business under original ownership
• Newly renovated interior within the past 2 years (flooring, wall tiles, decorative finishes)
• Upgraded equipment, including 3 newer kitchen units and a deep fryer
• Walk-in cooler — highly desirable in a sub-700 sq ft space
• Proprietary chicken recipe included (professionally developed and further refined for U.S. market)
• Favorable new lease secured at $6,000/month gross starting Jan 2026
• Neighboring tenant pays approx. $8,000/month, making this lease a competitive advantage
• Turnkey condition — no renovation or equipment upgrade required
• Expanding menu (ramyeon cup, tteokbokki, etc.) generating additional sales
• Strong delivery mix via major platforms (UberEats, DoorDash, etc.)
• Well-maintained, clean kitchen with efficient workflow and layout

[Reason for Sale]
Owner is relocating out of state and preparing for retirement after 15 successful years.

[Ideal Buyer]
• Restaurant operators seeking a profitable, easy-to-run turnkey business
• Buyers wanting to enter the booming Korean fried chicken market
• Investors seeking a high-traffic, low-risk location with proven sales
• Multi-unit operators who want strong delivery infrastructure

Ad#:2445830

Detailed Information
Location:
Hoboken, NJ
Furniture, Fixtures, & Equipment (FF&E):
$80,000
Included in asking price
Facilities:
Recently renovated 690 sq. ft. restaurant space in excellent turnkey condition. Includes upgraded interior finishes, decorative wall/floor tile, and a clean, modern layout. Fully equipped kitchen with multiple newer appliances— including a newer deep fryer, prep equipment, and a small walk-in cooler—providing strong storage capacity for high-volume operations. All fixtures, furnishings, and equipment (FF&E) are included in the sale, along with a proprietary in-house chicken recipe that has been refined specifically for the local market.
Competition:
Located in a high-demand, high-traffic area of Hoboken with strong local and student-driven customer base. Consistent year-round demand, with peak season during the academic year. Competition exists, but the business stands out due to its established 15-year brand presence, specialty menu, proprietary chicken recipe, strong delivery volume, and below-market rent that gives the new owner a significant competitive advantage.
Growth & Expansion:
Significant opportunities exist to expand revenue through increased marketing, extended hours, catering, expanded delivery platforms, and enhanced social media presence. The proprietary chicken recipe and walk-in cooler enable menu expansion with minimal additional investment. Continued development of new high-margin items (such as Korean street-style dishes) offers strong potential for further growth.
Support & Training:
Ownership will provide comprehensive training to ensure a smooth transition. This includes recipe training, operational procedures, vendor introductions, employee guidance, and hands-on support during the initial onboarding period. Additional support may be arranged as needed.
Reason for Selling:
Owner is preparing for relocation and a change in personal priorities after 15 y
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Thomas Kang
Business Listed By:
Thomas Kang RE/MAX NOW
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Thomas Kang
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RE/MAX NOW
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Ad#:2445830

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