For Sale

565 Richmond Street

Mexican House Downtown
London
$199,000
900 Sq Ft
Licensed Restaurant
Licensed for 60 + 15

Incredible opportunity to take over this lovely licensed restaurant located right in the heart of London’s iconic “Richmond Row.” This well-positioned corner unit offers outstanding visibility with AAA signage and benefits from steady foot traffic in one of the city’s busiest retail and entertainment corridors.

The space is a manageable 900 sq ft, making it ideal for an efficient operation with low overhead. It comes fully equipped with an 8-ft commercial hood, a large walk-in fridge, and a liquor license for 40 patrons. The interior layout is well designed for both dine-in service and takeout, with cozy seating and a welcoming atmosphere. Current gross rent is $6,018 (including TMI) with 3 years remaining on the lease plus a 5-year renewal option available, offering excellent long-term security.

This turnkey restaurant is an ideal candidate for rebranding into a wide range of concepts, franchises, or cuisines. Whether you’re looking to bring in a new dining experience or expand an existing brand, this location has all the right ingredients for success. Please do not go direct or speak to staff or ownership.

Fantastic opportunity to take over a former diner with a long history at this well-known location. The space offers an excellent layout designed for minimal labour costs, making it ideal for streamlined operations.

Property Details: This licensed location can easily function as either a quick-service restaurant (QSR) or a full-service seated restaurant, depending on your concept. It boasts outstanding visibility and signage right on Richmond Street, surrounded by parking options for customers.

Additional features include basement access with a dedicated prep area, 200-amp power, and straightforward potential for conversion to a wide range of restaurant concepts or franchises. A great chance to bring new life to a familiar space.

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