ESTABLISHED ASIAN MARKET & BOBA TEA RESTAURANT - PANAMA CITY, FL
This profitable 35-year established Asian market presents an exceptional opportunity in Panama City's revitalized downtown district. The business combines traditional Asian grocery retail with a popular boba tea restaurant and prepared Filipino food service, creating multiple revenue streams in a 3,500 square foot owned building.
BUSINESS OVERVIEW:
• Established 1988 - over 3 decades of community presence
• Annual Revenue: $1,052,000
• Cash Flow: $140,000
• 8 employees supporting daily operations
• Prime downtown location with owned real estate
REVENUE STREAMS:
• Asian grocery and specialty products
• Boba tea service (first in area)
• Prepared Filipino cuisine
• Western Union/Vigo money transfer services
• Balikbayan box shipping services
COMPETITIVE ADVANTAGES:
• Only one similar Asian market competitor in area
• Pioneer and market leader in local boba tea segment
• Established customer base built over 30+ years
• Multiple service offerings under one roof
• Strategic downtown location
GROWTH POTENTIAL:
• Recent downtown streetscape project completion enhancing foot traffic
• Multiple customer requests for additional locations
• Expanding downtown district with new businesses and events
• Strong community marketing and promotional support
• Room for operational improvements and revenue expansion
FINANCIAL DETAILS:
• Asking Price: $950,000 (includes inventory valued at $120,000)
• FF&E: $85,000
• Real Estate: $770,000 (included in sale)
• Owner financing available with 25% down
SUPPORT INCLUDED:
• 30 days hands-on training
• 6 months phone consultation
This turnkey operation offers immediate cash flow with significant upside potential in a growing market. The combination of established customer relationships, diverse revenue streams, and prime real estate ownership creates a compelling investment opportunity for qualified buyers.
Reason for Sale: Owner retirement after successful decades of operation.
Ad#:2329691
