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Cafe & Coffee Shop business for sale in Torquay

  • Cafe & Coffee Shop
  • Torquay QLD 4655
  • $295,000 SAV

Hervey Bay Mexican Restaurant Cantina

For sale is this well-established Mexican restaurant cantina, situated within the coastal area of Hervey Bay on Queensland's beautiful Fraser Coast.

Located in the suburb of Torquay, an easy 3.5 drive north of Brisbane, and 2.5 hours north of the Sunshine coast, this family friendly area has a thriving local community and is a popular playground for tourists throughout the year.

The business can be found along the town's main esplanade, which overlooks pristine beaches, and buzzes with life throughout the day and evening.

Offering great curb appeal, with a colorful facade, surrounded by tropical trees, the restaurant instantly welcomes you with salsa music and an al fresco dining area for up to 40 customers.

The interior projects a modern Mexican street art vibe, with a light, bright bar area lined wall-to-wall with tequila plus timber rustic tables and chairs with seating for 40 customers The open plan kitchen is well laid out, providing plenty of service and prep benches, with an additional storage room at the rear.

Well known throughout the area for serving great food including tacos, nachos and fabulous cocktails, the business is popular with locals and tourists alike.

Opening hours are Sunday, Monday, Tuesday 12:00 -8:00pm, closed Wednesday, Thursday and open Friday and Saturday 12:00 -8:30pm,

The business is supported by 16 staff in total (1 full time, the remainder part time or casual).

There is currently 3 years remaining on a 5-year lease, with an option to extend.

After creating and running this successful Mexican Restaurant and Cantina for the past 3.5 years, the owner is wanting to sell due to a change in personal circumstances. This creates a fantastic opportunity to capitalise on a solid well-run and profitable business, with excellent daily operational procedures already in place.

Boasting one of the best locations in town, there is so much opportunity to increase the turnover. Trading hours can be extended and opening the business 7 days would have an immediate positive impact. Online ordering could also be introduced.

**Please note that for confidentiality the image in this advert is generic and is not of the actual business**

Staff No
16 in total (1 full-time, remainder part time/casual)

Lease Info
Current 5 year lease with 3 years remaining plus an additional 5 year option

Trading Times
Sunday, Monday, Tuesday 12:00 -8:00pm
Wednesday, Thursday Closed
Friday and Saturday 12:00 -8:30pm

Size of Premises
40 seats inside
40 seats outside (footpath dining)

Opportunity
Extend opening hours
Offer home deliveries

Note to buyers
This business is being sold by the owner with our support from GSE through our Six Steps to Sale Program this means that you will be dealing directly with the seller.

GSE will send out information about the business for you and if you wish to view the business this will be arranged directly with the seller.

**Weekly**
Turnover (inc GST) $21, 654
Rent $945
Wages $7,200
Net Profit? $3,385

Business Highlights

Business ID2017888488
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ParkingAsk Business Broker
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Category
Last updated  22 Jun 2022
Map for Torquay QLD 4655
Map for Torquay QLD 4655Torquay QLD 4655

Business Highlights

Business ID2017888488
Floor AreaAsk Business Broker
ParkingAsk Business Broker
Annual returnAsk Business Broker
Category
Last updated  22 Jun 2022
GSE Business Consultants
Level 32/101 Miller St North Sydney NSW 2060
Paul Leach
GSE Business Consultants
Paul Leach
GSE Business Consultants
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