About a 10 minute walk from Beachy Keen is where you will find some local eats. Princess Terrace, Jan Juc has the following:
Only a short 10 minute walk from Beachy Keen, the local cafe is the best for breakfast or lunch.  Amazing coffee, milkshakes and fresh juices.
The best local pub for lunch and dinner. They do a fantastic seafood linguine pasta and also have kids deals from time to time. Also offer a seperate dining area for families with kidlings. I'd recommend calling to book during busy periods (03) 5261 5111. Being the local, they get busy. 
Fish and chips – YUM! They are on the same strip as Swell and The Beach Hotel.
Da mean Pizza,  you can eat in or take away. Call on 03 5261 9747 to order and pick up. The Cave is located behind Swell Cafe.
For simple supplies like bread and milk, the local General Store will do the job especially if you can’t be bothered to head out to Coles or Woolworths or any of the larger supermarkets in Torquay
There are so many places to go and eat in Torquay, so my advice would be to go and check out a few places however these are some of our faves: 
Pholklore - Our new favourite: Vietnamese food
Real Thai Cafe - Great Thai food
Torquay Larder - Coffee and yummy sweets
Growlers - For a great breakfast, lunch and dinner meals
Ole - Mexican great vibe and great food  
Fisho’s - for fish n chips (so good!)
Blackman's Brewery (pub food)
The Stoop (for something on the healthier side)
Ginger Monkey (Vegetarian food at it's best) 
Bombora's  (Pub and pizza)
Roku Den (Japanese to die for)
And the list goes on and on....