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Newly Refurbished Mexican Restaurant In Gateshead For Sale

Low Fell, Tyne and Wear, UK
Asking Price:
£20,000 Furniture / Fixtures and Inventory / Stock included
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 but can be increased.

Trading as an independent Mexican Cantina (no other Mexican restaurants within several miles) but could easily be converted to other styles of cuisine. Many 5 star reviews on Trip Advisor. Trading well post-lockdown.
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



Lease Terms:

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

Leasehold Rent:

£10,000 per annum


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.

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
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