Businesses¶

• Restaurant in the City of David ¶

  Agent

  Allen Rosen

  Downtown

  Chiriqui

  Price

  USD $ 145,000

  One of the three best, most popular restaurants in the city of David is for sale. How do I know? Because I live in David and I know all the good restaurants -- all the bad ones, too. I eat at this restaurant often, so I can personally vouch for the fact that the food is excellent and it does good business.
  
  The restaurant specializes in pizza, pasta and steaks. The pepperoni pizza with roquefort is to die for. The imported argentine steaks are the best in town.
  
  The Argentine owner has figured out what people want and he gives it to them -- good food, not too fancy, with prompt, friendly service, at reasonable prices. Not rocket science, but you would be amazed at how few restaurant owners have grasped this basic reality of the food service business, especially in Panama.
  
  The restaurant seats approximately 150 people and comes fully furnished and equipped with 2 pizza ovens, commericial gas barbecue, gas grill, 10 burner gas stove, refrigerators and everything else required for a turn-key operation. Gross revenues average $250,000-$300,000 per year, with net income of roughly $60,000-$70,000. There are two years left on the lease, currently $1000 per month, and the landlord is willing to extend the lease for 3 more years.
  
  If you are interested in opening a restaurant in Panama, you could probably start from scratch with an investment of maybe $100,000--$150,000 for a restaurant of this size. But the vast majority of all new restaurants fail in the first two years. I have seen plenty open and close within a year or two in David.
  
  Or, for roughly the same investment, you can buy this very successful restaurant which has been in business 5 years with an excellent reputation, strong revenues, and a proven track record.
  
  It is hard to understand why anyone would want to open a new restaurant, with a high risk of failure, and all the headaches of getting started in a new business, when you could buy an existing one like this with a successful business formula, a proven track record, and strong revenues, for the same amount of money.
  
  The owner is in his 60s and no longer has the energy to run a business that is open 6 days a week for long hours. He wants to retire, but will stay on with a new owner for a 3-4 month training and transition period.
  
  

• Premium Office and Retail Building¶

  Agent

  Allen Rosen

  Chiriqui

  Price

  USD $ 1,350,000

  This is a very attractive and well-constructed new retail plaza with 4 stores downstairs and 4 offices upstairs in the city of David in Panama. David is the second largest city in Panama and has been growing rapidly over the past decade, even during the recent recession that has affected other parts of the world.  David is booming.
  
  The building is premium quality, centrally located downtown, with lots of of parking and excellent tenants, including a bank, an insurance company, a high-end bistro and a national coffee-shop chain.
  
  For investors who may wish to purchase this or other commerical properties, Chiiriqui Coastal Real Estate can provide all necessary management and legal services, including prioperty management, permanent resident visas and banking arrangements for investors.
  
  if you are worried about the condition of the US or European economies and the tax increases that are inevitably coming your way, this would be an excellent way of moving investment funds off-shore and employing them to generate income.
  
  Contact us for more details about this premium commercial property.