Wed, 15 Feb 2017 | BUSINESS SALE
Award-winning London-based Mexican restaurant chain Lupita is up for sale for £1.8 million as the popularity of Mexican dining continues apace.
Lupita has three eateries in the capital: Villiers Street at Charing Cross, Commercial Street in the City and one on Kensington High Street. A fourth site in Battersea is also in the works.
Sellers Christie & Co said the company, owned by Calita Limited, was “prominent”, with an “established base”.
Mexican food is now one of the most popular choices for British restaurant-goers. In 2005 the number of Mexican restaurants rose by 71 per cent, outstripping growth in the popular gourmet burger segment. Chains like Wahaca, launched by MasterChef winner Thomasina Miers, are now a well-known face on the high street.
Lupita was named best Mexican restaurant by Zagat in 2016. In partnership with El Farolito in Mexico City, the first Lupita site opened in 2010.
Simon Chaplin, head of restaurants at Christie & Co, said: “This is an excellent opportunity to acquire three prominent restaurants with an established base. Mexican food is recognised as being a trend to watch, not limited to shells and wraps but also at the quality end with quesadillas, tortas and soft tacos. This is the cuisine that has brought Lupita its success.
“Mexican restaurants have seen a growth similar to the burger phenomenon but have the added appeal of being a more healthy alternative for many as well as offering speed and convenience. It is also a cuisine that can travel, unlike many others, so is able to take full advantage of the delivery revolution.”
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