Sold
Reputable Restaurant For Sale
Leighton Buzzard, Bedfordshire
- Asking Price: £90,000 +SAV
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Turnover:
We are advised the business generated a turnover of circa £350,000 as of 2021, further financial information can be made available upon request.
Please quote reference B06944
- Tenure: Leasehold
Please quote reference B06944
Hilton Smythe is welcoming to the market Cod & Waffle Theedway. An extremely popular and well-established restaurant, with an outstanding reputation. The business was initially established in 2016.
Our clients have enjoyed running the business. During their time here, they have built an excellent rapport with the locals and have created a widely renowned friendly/local restaurant. A real community hub with ample regular customers and repeat trade.
The business currently trades 5 days a week ( 4 evenings) offering takeaway collection and sit-down dining. There is huge scope to expand the business by increasing the trading hours and offering delivery services, either in-house or via delivery apps.
The menu comprises of the well-known waffles along with fish and chips as well as desserts.
The premises are well presented, creating an inviting atmosphere.
Our clients are offering a hand over period and also advise that the current staff members are a major asset to the business.
The following is included in the sale:
- Walk-in Fridge/Freezer
- 3 Fryers
- Oven/Hob
- Rational Oven
- 2 Fridges plus Saladette
- Hot cupboard and Pass
- Mixer
- Chipper & Rumbler
- Microwave
- All restaurant furniture
- Drinks Fridges
- Till systems
- Outdoor Furniture / Parasols
The business is owner run and managed with the help of 1 full time and 3 part time staff members.
The business trading hours are:
Monday & Tuesday - Closed
Wednesday & Friday - 12:00pm - 21:00pm
Saturday - 10:00am - 21:00pm
Sunday - 10:00am - 15:00pm
Cod & Waffle is situated in the popular Theedway, Leighton Buzzard.
The business is located in the heavily populated area from which the business derives much trade, truly at the heart of this vibrant community.
Situated on a main road location the business also benefits from multiple car parks close by.
The spacious restaurant boasts seating for up to 70 with additional seating for 40 outside, separate toilets including disabled facilities and baby change. The spacious fully-fitted kitchen would suit multiple cuisines.
Tenure
We are advised the business is being sold on a Leasehold basis with 14 years remaining on the Lease, the rent is £22,000 per annum, this has been fixed by landlord until 2026 there is also a service charge of approximately £1,600 per annum.
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