A modern Surf-Coast cafe and restaurant in the heart of Torquay on offer at asset value; a bright and happening establishment with an extensive plant and equipment list, modern commercial kitchen and everything included to take over.
This popular spot has earned a reputation for showcasing some of the best food the Surf-coast and Bellarine Peninsula has to offer. A vibrant and funky cafe/restaurant, their coffee is to die for and the relaxing venue with quality artisan food fills your belly and dazzles your senses.
What is on offer?
• Heavily Discounted Sale
• New Lease
• Locals and Tourists
• Artisan Food
• Multiple Revenue Streams
What makes the business successful?
The business currently operates with one head chef and five casuals. The current owner is operating another business and cannot manage both – they have relocated and just want out. The current chef looks after all ordering and menu preparation, while their five casuals are trained and manage the day to day front of the house, including bookings and events. The original fit-out was estimated at $294,000 making this a great opportunity to step in at an excellent price and manage the business back to success.
The current lease is due to expire with the option of another five years – making for a good length of time to rebuild and make good profits from the low asking price.
The business operates from 7:30 am to 3:30 pm taking care of the morning coffee rush during the week and services the weekend breakfast and lunch visitors including locals and tourists alike. During the businesses success, the venue was open nights as there is a decent commercial kitchen and license to serve up to 80 people for dinners, drinks and events.
The quality handmade food and friendly service is a strong point with comfort food and healthy recipes to satisfy all. The menu has been kept simple but delicious.
Opening additional hours such as nights and offering something new to the Torquay area will stimulate business; the locals just crave something new and different. Getting involved and being a part of the community will open doors to more trade.
Previously the business successfully held events for Rip Curl and other local business operators with their catering menu increasing sales and building customer loyalty. Birthday parties and local sporting group functions would stimulate extra business – sponsorships may be a good way to stimulate more trade.
If you are looking for a modern cafe/restaurant and considering the costs of fit-out, this cafe is heavily reduced and comes with a modern feel, near new everything and only minor changes to put your personal touch on things.
Make a winning, look after the Torquay community and visitor’s hospitality needs, enquire now to review an extensive Plant and Equipment list.
Complete your online enquiry for a confidential discussion with the lead broker and receive a comprehensive Fact Sheet.
Asking Price: $95,000 + SAV
Finn Business Sales
Geelong & South West Victoria
(03) 5259 9970
Broker: Alan Wood
0400 792 811
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