Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Newly Refurbished Mexican Restaurant In Gateshead For Sale

Low Fell, Tyne and Wear, UK
Asking Price:
Under £50K Furniture / Fixtures and Inventory / Stock included
Turnover:
Available on request
Net Profit:
Available on request

Completely refurbished in November 2019, this vibrant restaurant is located in the affluent suburb of Low Fell, Gateshead.
The current owners have completely modernized the kitchen with many new appliances. Likewise, front of house has been extensively refurbished including upholstery, decoration, new chairs, crockery and cutlery. Circa 40 covers.

Trading as an independent Mexican Cantina (no other Mexican restaurants within several miles) but could easily be converted to other styles of cuisine.
Occupying a prime trading position above the widest footpath in Low Fell, it is ideally located.
Leasehold basis with rent review due Summer 2021, thereafter a further five years lease is available.
Own website and "click and collect" App comes with sale.
Ideal opportunity for an ambitious owner/operator.

If interested, please contact us by filling the form given below.

Property Information

Property:

Leasehold

Lease Terms:

There is a break in lease in June 2021, thereafter 5 years remain.

Leasehold Rent:

£10,000 per annum

Location:

Low Fell, Gateshead, Tyne & Wear

Premises Details:

Upper floor in high street of Low Fell.

Planning Consent:

None required.

Business Operation

Expansion Potential:

Opportunity to 'prove concept' and thereafter franchise.

Competition / Market:

No Mexican restaurants within several miles. Usual mix of Italian, Indian and Chinese restaurants close by.

Reasons for selling:

Owner required to take care of other family businesses in Scotland following a recent bereavement there.

Trading hours:

Tuesday - Saturday from 5pm til close.

Employees:
1
Years established:
As Mexican since 2019, previously Italian restaurant for 20+ years.

Other Information

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Prepared to finance up to 50% of sale price at Base Rate.

Furniture / Fixtures value:
£25,000 - included in the asking price
Inventory / Stock value:
£1,000 - included in the asking price
Website:
Login or register to view link

Contact Information

    1. Your Address

    2. Optional
  1. Optional
  1. What will happen?

    When you tick this box we will pass a copy of your details (excluding your message) along with the name of the business you enquired on to finance specialists Rangewell. They will contact you about financing your business purchase.

  2. What will I receive?

    BusinessesForSale.com is committed to protecting your privacy. Ticking this box means you are consenting to us sending you marketing emails.

    You will receive newsletters, updates and offers about business and franchise opportunities. We will also send you information about related business and franchise events.

    You can change your mind at any time by clicking unsubscribe in the footer of our emails.

    Find out more about what we do with your information in our privacy policy.

By submitting this form, you confirm that you agree to our Terms and Conditions. Please note that BusinessesForSale.com will send the above details to the seller of this business. Find out more about what we do with your information in our privacy policy.

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Free Trial available.

Sell Your Business

Are you a Business Owner?

Set up your Private Seller Account and create your listing today

Get Started Here

Are you a Business Broker?

Set up your BrokerWeb Account and list multiple businesses

Get Started Here