BusinessHilton Smythe are pleased to have been given the opportunity to manage the sale of Prime Cut which is a well-established bar / restaurant with a renowned reputation amongst local residents. This is a superb opportunity to take on a high turnover local business in an area teeming with customer.There has been a restaurant business at these premises for many years and the current owner has been running it successfully and lucratively since 2018. The business was rebranded as Prime Cut a couple of months ago and this has resulted in an impressive upturn in turnover which is likely to continue as the business becomes more established.Alas this wonderful business is now being sold, albeit reluctantly and with a heavy heart only due to personal reasons. The owner is keen to see his beloved restaurant pass to an ambitious and entrepreneurial new owner who can take this already thriving business to the next level.
From a renowned chef team, Prime Cut is a family run restaurant that prides itself on being Corsham leading steak restaurant, with a core menu of signature dishes such as;
Steaks such as Ribeye, Fillet, Sirloin, Rump
Flat Iron Chicken
Sides and starters
Deep fried calamari
Steamed mussels with mixed herbs
DessertsAs well as a beautiful dining room, Prime Cut has a separate bar and lounge area, which is perfect for after work and social drinks.The sale will include the company website (primecutrestaurant.co.uk) and Facebook page and the business enjoys great visibility on the internet with fantastic reviews from the likes of TripAdvisor and OpenTable etc.Reasons to Buy
A well-established business with an enviable reputation and many existing customers
Perfect trading position on a busy main road in the heart of the town
Ideal owner managed or partnership business
All fixtures and fittings included making this a real Turnkey business opportunity
Current owner happy to offer a handover to ensure the continued success
Beautifully presented and fastidiously maintained with much money having been recently spent.
Little or no competition locally
Priced to facilitate a quick sale.Hilton Smythe highly advise early viewing to avoid disappointment. This great little business is likely to attract considerable interest.LocationPrime Cut is located in Corsham.Corsham is a historic market town and civil parish in West Wiltshire. It is at the South-Western edge of the Cotswolds, just off the A 4 national route, which was formerly the main turnpike road from London to Bristol, 28 miles Southwest of Swindon, 20 miles Southeast of Bristol, 8 miles Northeast of Bath and 4 miles Southwest of Chippenham.Corsham is close to the county borders with Bath and North East Somerset And South Gloucestershire.Corsham small town centre includes the Martingate Centre, a late 20th century shopping centre which also houses offices and a small teaching facility for Wiltshire College and is located behind the business.Corsham is connected to Bradford on Avon by the B3109 Road, to Melksham by the B3353, and to Chippenham and Bath by the A4. Four public car parks in the town centre are operated by Wiltshire Council for a small fee. Bus companies Faresaver, and First Bristol And Bath, operate local services, as well as buses to all nearby towns.Prime Cut is perfectly situated in a main road position alongside other complimentary retail businesses and thus benefits from high levels of footfall and passing trade. The business is beautifully presented and maintained with clear visible signage and distinctive grey livery. The business has literally just been refurbished with much money having been spent by the current owner.The business has a lovely ‘upmarket ‘feel about it. There are several inexpensive public car parks within a couple of minutes’ walkPremisesPrime Cut occupies three floors of a substantial inner terraced property and briefly comprises:Ground FloorRestaurant / Bar
Windows to front and part glazed door opening to a lovely generous restaurant and bar with a real upmarket feel. Bespoke bar with stone effect front and complimentary worktop, coffee machine and grinder, double glass fronted chiller, two single glass fronted chillers, double glass fronted wine chiller, Supawash glass wash, stainless steel sink with Monobloc tap.Generous restaurant with expensive looking wood flooring, beamed ceiling with bespoke timber cladding, quality tables and chairs currently providing approximately 72 covers, built in banquette seating, feature stone fireplace, specially commissioned timber wine racking, pendant lighting enhance by rope effect wall lights, exposed brick walls.Kitchen
Comprehensively equipped catering kitchen, full extraction system with stainless steel canopy, griddle, two twin basket fryers, stainless steel preparation tables, 6 burner range cooker with oven beneath, 3 compartment stainless steel fridge, two six pot salad bars, glass fronted drinks chiller, stainless steel upright fridge, double deck Pizza oven.Freezer / Dry Goods Room
Two double Polar stainless steel fridges, glass topped chest freezer, dough mixer, 3 compartment stainless steel fridge.Wash Up Area
Stainless steel preparation tables, wall mounted plate racking, deep double stainless steel sinks, perimeter shelving.First Floor
To the first floor and accessed by a door from the restaurant is owner’s accommodation with a lounge and single bedroom/ home office.
To the second floor are two bedrooms, a bathroom and a roof terrace.TenureWe are advised that Prime Cut is being sold as a leasehold business opportunity. The existing lease has approximately 2 years remaining, and we are advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner. The current rent is £23,496 per annum which is reasonable given the size and location of the premises.
We are advised that the business rates payable are approximately £2900 per annum.HoursMonday to Thursday 17.00-22.30
Friday to Saturday 12.00-15.00 & 17.00-23.00
Sunday 12.00-21.00StaffThe business is run and managed by our client with the full time help of his partner and 3 part time members of staff.Financial ProfilePrime Cut generates an advised current turnover of circa £208,000 per annum and the business continues to grow at an impressive pace as it becomes more established and its reputation spreads.