The Torquay Restaurant
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The Torquay Restaurant
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Take over a beautifully fitted out turnkey restaurant in a prime position licensed for 76 customers that can seat 40 indoors and 12 outdoors at a discount price below fit-out cost. This Torquay restaurant offers a unique dining experience that appeals to all the senses, from the decor to menu offerings, targeting customers 25 to 50 years of age looking to share delicious food, indulge in cocktails, and enjoy conversation and laughter with family and friends.
The business presents a wonderful opportunity for the first time owner or an experienced hospitality professional looking to expand. The cost of the investment in the fit-out is above the asking price and the result is a modern on-trend restaurant and bar for the taking. At this asking price, there is also the opportunity to make changes to the venue and do your own thing.
The new owner will be able to capitalise on the growth of one of Victoria’s premier seaside destinations and service the previouly suppressed domestic travel demand built up from Covid-19 lockdowns. The current owners are only selling due to time commitments and to focus on other business ventures.
The key features of the business are:
• A unique menu offering a point of difference for this type of food and service in the region
• Ideal location that generates major foot traffic
• Fantastic atmosphere and decor
• 3 x 3 x 3-year lease
• On offer at below fit-out cost
What makes this business successful?
The restaurant’s prime location and proximity to key attractions such as a caravan park, pub, sporting precincts and other dining options, make this a perfect destination location with plenty of foot traffic all year round.
Torquay itself is an extremely popular tourist destination famous for its surf beaches and lifestyle. A laidback town with its own unique shopping district it offers something for everyone of all ages. The restaurant was created with the intentions of providing a relaxed dining atmosphere with creative food to share amongst family and friends at a fair price point. Add the delicious cocktails, an international wine list, coffee, and attentive service that gives the customers an experience like no other and you have a recipe for success.
The restaurant attracts regular local customers, holidaymakers, and tourists that visit the popular destination all year round. By design, the restaurant offers a standout dining experience with food that can be shared, and drink that encourages robust conversation and laughter.
Whilst COVID-19 lockdowns have meant a slower time for the restaurant over this 2020 period, the business has been priced to sell at below the fit-out cost and represents and an excellent opportunity for a buyer.
If you are looking to build on a modern turnkey restaurant recently renovated and ready to service the increasing travel demand, then enquire now.
Complete your online enquiry for a confidential discussion with the lead broker and receive a comprehensive Business Profile and Market Review.
Price $149,000 + SAV
Finn Business Sales
Geelong and South West Victoria
(03) 5259 9970
Broker: Anthony Dickson
0431 279 400
*Images are used for advertising purposes. Actual business images may not appear.
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