Torquay’s Favourite Restaurant
Torquay’s Favourite Restaurant
Are you looking for a modern surf-coast restaurant at a cheap price? On offer is a bright and happening establishment with an extensive plant and equipment list, modern commercial kitchen and everything included to take over.
This favourite 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 restaurant cafe, their coffee is to die for, and the relaxing venue with quality artisan food fills your belly and dazzles your senses.
The key business features are:
• Heavily discounted sale.
• New Lease.
• Locals and tourists.
• Artisan food.
• Multiple revenue streams.
What is on offer?
The business currently operates with one head chef and five casuals. The current owner is running another business and cannot manage both – they have relocated and 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 house, including bookings and events. The original fit estimate is $294,000 making this an excellent 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. Currently operating 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 business’s 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 hand made 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 crave something fresh 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 an excellent way to boost more trade.
If you are looking for a modern restaurant cafe and considering the costs of fit-out, the business is massively reduced and comes with a modern feel, near new everything, and only minor changes to place your personal touch. Make a smart decision and look after the Torquay community and visitor’s hospitality needs, enquire now to review an extensive plant & equipment list.
Complete your online enquiry for a confidential discussion with the lead broker and receive a comprehensive Fact Sheet and Plant and Equipment list.
Price: $95,000 + SAV | Asset Price | Under Offer
Finn Business Sales
Geelong and South West Victoria
Office: (03) 5259 9970
Broker: Alan Wood | Mob: 0400 792 811 | email@example.com | visit us at geelong.thefinngroup.com.au