Cafes for sale in Ascot

View the "Bar, Cafe, Restaurant, Late Night Lounge/Nightclub Ascot" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 The sale came via an enquiry from your website. We're very pleased that it worked so well for us 

Polly Franey (July 2015)
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Leasehold Price: £350,000 Annual Turnover: £500,000
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Business Description
A jewel in the middle of Ascot High Street directly opposite ESSO 24/7 filling station and next door to Starbucks, Knight Frank, Boots, Tesco, Budgens, etc. Only a couple of hundred yards from the famous Royal Ascot Racecourse this Cafe, Late Night Lounge (2 bars) and Restaurant is on 2 floors. Licenced outside terrace for Shisha, drinks and food. Trades from 12 noon 5 days per week. Capacity 250 people. Current lease has approximately 7 years left but is fully renewable under the Act. The landlord must renew if tenant so desires. It's a retirement sale (owner 71).

Drink, Dine, Dance to DJs at weekends from 10pm after dinner service. Very popular party venue. Very expensive quality fit out, all equipment owned outright. 3 years of trading, frequented by many celebrities and featured on several TV shows.

This up market business is well promoted on social media and attracts guests not only locally but from as far away as Oxford, London, Brighton, etc., etc. Race days every month plus regular events like Red Bull Air Race, etc., etc. are extremely profitable. Many national and international companies, with local head offices, have booked for parties and corporate entertainment.

Run mainly under management (leaving massive room for improvement) it averages annual turnover £500K+ mainly in wet sales. Many income streams and potential for many more under energetic ownership. Licenced for On and Off Sales from 8am 7 days per week until 3am on Friday & Saturday, 2am Monday to Thursday and 1am on Sunday.

The main areas of expansion would be 1/ Food sales (currently about 10% of total takings), 2/ Addition of breakfast &/or brunch, 3/ Open to trade on Sunday & Monday (currently Tuesday - Saturday), 4/ Take away & delivery of food and alcohol, 5/ Late night off sales and 6/A reduction of the minimum age limit of 25 set by the owner.

Confidentiality is requested. Please visit as a customer in the first instance and do not discuss your interest with staff at this time.

07811110069
Tenure: Leasehold

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