Banbury steakhouse for sale due to ‘personal circumstances’

Ash&Flame Steakhouse in Parson’s Street, Banbury, is being offered for sale to a new owner or investor who wants to ‘own and develop a distinctive hospitality concept’.

The restaurant opened its doors last November, offering wood-fired steaks, grilled specialities, sharing platters, wood-fired pizzas and a unique live-fire dining experience.

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The sale listing said: “While there are other restaurants in the area, very few offer an authentic live fire cooking experience.

“The unique combination of a rustic stone interior, wood-fired oven, large charcoal grill and rotisserie creates a distinctive dining concept that stands out from traditional restaurants and provides strong opportunities for branding and customer loyalty.

“The business is being offered for sale or investment due to a change in personal circumstances.

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“I believe the concept has significant growth potential and would benefit from an owner or investor with the time and resources to fully develop its opportunities.”

It includes 50 covers across two floors, the restaurant business is offered as a fully-fitted premises in Banbury town centre, benefiting from high visibility and footfall.

The asking price, turnover and net profit is only available on request, but the annual leasehold rent is listed as £12,000.