Torquays’ Local Cafe
Torquays’ Local Cafe
A profitable Surf-Coast cafe with strong sales through COVID-19 restrictions. On offer with a further-price-drop is the local favourite, ideally situated in-between the local pharmacy and Woolworths earning a solid six-figure return. Coffee sales have been unaffected by the recent restrictions selling 30-36 kg of coffee per week. Takeaway food options are selling out and regulars are looking forward to being allowed to return to dine-in.
During regular trade, the cafe focuses on serving coffee, cakes, pies, baguettes, quiche, and many other sweet and savoury treats. With a breakfast and lunch menu and a wide selection of catering options that can be delivered, there is something for everyone. Friendly and welcoming staff greet local customers by name, the level of service fosters loyalty and word of mouth has spread quickly.
The current owners are open to reasonable offers as they have plans to move on to another venture in horticulture and are ready to hand the cafe over. At this price, it is a massive return on investment and an ideal first buy. Ask about options for part vendor finance.
The key features of the business are:
• A Surf-Coast lifestyle on offer in a growing shire.
• An excellent location with heaps of parking.
• A consistent $15,500 plus per week turn-over with 30 to 36 kg of coffee per week.
• 10 years in operation with loyal locals.
• Simple food serving breakfast and lunch.
• 70 pax seating.
• Additional revenue from catering.
• Excellent sales to rent ratio.
• Excellent sales to expenses ratio.
• Fair rent and a long lease.
• Can be profitable under management.
• Excellent suppliers and equipment.
• Massive Return on Investment.
What makes the business successful?
Being in an ideal location with a major supermarket adjacent and ample car parking sees constant foot traffic pass the cafe, mum’s, bubs, school kids, seniors, tourists, holidaymakers and regulars popping in for a coffee and take away snack.
High revenue is generated from the ability to offer great food at affordable prices that can be eaten in or taken away. Match that with a good coffee and passers-by don’t think twice when their stomach rumbles. Local business owners prefer the lunch menu and pop in during the week.
The catering delivery options consist of delicious platters and services local businesses, schools and government increasing sales and profits. This service also brings new customers to the cafe and increases customer loyalty. Catering customers also request Christmas meats and hampers which are pre-ordered every year as the business closes Christmas day, Boxing day and Queens birthday.
There is an opportunity to open on the above public holidays and further capitalise on the tourist and visitor trade.
The premise itself offers an indoor-outdoor experience with the main shop window opening right up for the warmer days. Being so close to the ocean creates a relaxed vibe and patrons enjoy the open ambience.
The cafe has previously operated under management providing a decent return to the owner, however working the business offers a better income and is highly rewarding as the locals, young and old are a mixed bag of characters.
If you are looking for a cafe with great food, high turnover and regulars you will enjoy getting to know, then enquire now. Complete your online enquiry for a confidential discussion with the lead broker and receive a comprehensive Business Profile and Market Review.
Sold: $190,000 + SAV
(Open to Reasonable Offers and Part Vendor Finance)
Finn Business Sales
Geelong and South West Victoria
(03) 5259 9970
Broker: Tony Dickson
0431 279 400
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