Asian Market & Boba Tea Restaurant For Sale
Business Description
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.
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.
About the Business
- Years in Operation
- 37
- Employees
- 7 (2 Full-time, 5 Part-time)
- Facilities & Assets
- Walk-in freezer, reach in coolers, reach in freezers, prep cooler, ice cream tub freezer, ice machines, security camera system, Clover POS stations, other miscellaneous machines, tables and chairs, metal food prep tables, industrial shelves for storage, store display shelving, etc. The store also sells balikbayan boxes and send money via Western Union/Vigo for additional income.
- Website
- HTTPS://Oceanorientalmarket.com
- Market Outlook / Competition
- Only one other Asian market in the area with similar inventory. First business to offer boba tea in the area and it has become very popular.
- Opportunities for Growth
- Plenty of room to add to bottom line. Many requests to open additional locations.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 3,500
About the Sale
- Seller Motivation
- Retiring
- Transition Support
- 30 days hands on. 6 months phone consultation.
- Financing Options
- Owner financing with 25% down
Listing Info
- ID
- 2329691
- Listing Views
- 2361
Business Location
Listing ID: 2329691 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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