Panama Advisory International Group along with Panama Equity are pleased to announce that we have listed one of Panama’s finest restaurants for sale on an exclusive basis. The Owner is offering the leasehold interest for sale at this time as he is retiring, again! We welcome investor/operator interest as well as broker participation.
We believe that this property offers an investor/operator the opportunity to take over an newly established restaurant that is well located and offers significant upside potential. Within a 10 block radius, you’ve got more than ten hotels (with an additional four under construction), two full time universities, and literally hundreds of shops, restaurants, and small bohemian cafes. This restaurant is literally in the epicenter of the tourist district of El Cangrejo, your potential clientele is limitless!
Fast Facts
The size of the restaurant is approximately 800 square meters or 8,600 square feet in total, 100 m2 or 1076 sf of which is in 2 covered open areas.
The dining areas consist of six separate themes based upon different countries around the world where a tropical design and lifestyle host numerous culinary delights. There is also a discotheque and covered patio area.
The building was remodeled when the restaurant opened for business in 2009 and has been in continuous operation Monday through Friday 5PM to 2AM and Saturday from Noon to 2 AM. The client list has grown to over 7,000 patrons, many of whom are regular customers.
The Leasehold is under a 5 year lease with an option to renew where increases capped at no more than 5% per annum. Rent is $60,000 per annum.
There is secured on site and off site parking available.
The bar area is well appointed and offers patrons a host of beverages made by an experienced bar tender staff.
Guests include locals, tourists and members of the expat community as well as an occasional celebrity sighting.
The outdoor venues and disco are popular spots late into the night and early hours of the morning
Pangea offers an extensive wine list, an upscale decor and tastefully decorated spaces for patrons
Theme parties and Tango night offer patrons a never ending menu of activities at Pangea
Pangea is in the right place at the right time for the right operator to take this business to the next level.
For further information contact:
Tom Brymer 305-448-1003 in the US, (507) 6810 – 1074 in Panama
Or
Kent Davis (507) 6030 – 6782 in Panama
SEND FULL INFO TO ADDRESS ABOVE
JWADE CIR
It amazes me how many rela estate agents in Panama spend so much time and energy advertising a property for sale, but leave out the price angering potential buyers who may not want to waste their time inquiring if the property is priced beyond their means.