Fine Property UK is pleased to present a rare opportunity to acquire a substantial hospitality business occupying approximately 13,500 sq. ft. in a prime High Street location in Ascot.
The business brings together three established hospitality concepts under one roof: Onyx Bar & Restaurant, Samaa Shisha Lounge and Opium Nightclub. Together, they offer restaurant dining, cocktails, premium shisha, live DJs, private events, late-night entertainment and four-room accommodation above the premises.
The venue benefits from a late licence until approximately 4:00 a.m., private rear parking for around 10 vehicles, additional office space and separate vehicular access. Its prominent Ascot location provides strong potential for Royal Ascot trading, corporate functions, private hire, celebrations and other high-value events.
Annual turnover: £2.5 million
Annual profit: £1 million
Rent: £105,000 + VAT per annum
Business rates: approximately £4,800 per month
Approximately 12 years remain on the lease, which the vendor advises is renewable. The premises are held from a brewery landlord and are subject to a beer tie. Any lease assignment will be subject to the landlord’s consent.
1 High Street, Ascot, SL5 7JF
Asking price: £1,500,000
Approximate area: 13,500 sq. ft.
Approximately 16 staff members
An exceptional opportunity for an experienced hospitality operator, investor or leisure group seeking a high-turnover, multi-concept venue in one of Berkshire’s most prestigious locations.
Tenure : Leasehold