Category Archives: Business Opportunity

New business in David

I received a request to post the following new business announcement.

Good Morning Don Ray. I want to thank you for for giving me the opportunity to share with your other readers information about a new business in David. The business’s name is FISER Physical Therapy and Rehabilitation Center. The owner, Jazmin Abrego, is a licensed Physical Therapist, who’s experience includes 5 years as a Physical Therapist at Chiriqui Hospital. Jazmin uses a variety of therapeutic techniques to treat conditions such as muscle pain, injuries or post operative rehabilitation. She is also the only Physical Therapist in Panama who uses a technique called dry needling, which is similar to acupuncture. I, personally, have used Jasmine’s Physical Therapy services for over a year and I can attest to her knowledge, professionalism, and kind and caring personality Also, she is fluent in English.

Her office is located at Ave 3rs Oesta, Plaza Pinatal, Local #5 in David. Her cell phone # is 6927-1878. Please call for more information or to schedule an appointment.

Thank you.
Kathy Reny

Splendid business opportunity for sale!

I received a request to post the following. As I state with all such posts, it is up to the interested parties to do their own due-diligence.

The opportunity of a lifetime! This property/business/opportunity we offer you is approaching its time in development. Our vision for this storage business has steadily continued to grow into different chapters and the growth of this area (with tremendous rise in population) has not disappointed.

In 2007 we realized that there were no public storage facilities in the area yet people were moving here and building homes, especially in Boquete. 8 years later we know we were on the right track – our storage capacity and business has more than doubled since its inception and opening. With the growth of our business also came older age for the 3 owners/partners. We have ideas and ambitions and plans, and will continue with them, but the business now needs some younger blood for continued successful growth.

Today our 1.02 hectare titled property, located on a major new 4-lane highway, prime location between 2 rapidly growing areas of Boquete and David, is 85% leveled, 40% utilized, contains a nice 3 bedroom house our manager lives in, and a 38 foot fifth wheel motor home which sits under a grove of trees, for the owner’s use.

In addition 13 marine containers are divided into 52 storage units of various sizes, and we offer car, boat, and RV storage; an income of over$5,000 monthly is possible. We have always averaged 75-85% occupancy and have expanded as necessary. Every year we have increased our income.

In addition we host a monthly flea market going strong for 4 years now, about 60 – 80 vendors, a nice side income for the owners. We also have a small corner of our property leased for 20 years for an internet tower. In addition to the rent, we also get free internet. We also accommodate RV’s traveling through Panama with camping and hookups. An onsite ozone clinic funded by two of the owners is also available and not included in this sale.

The property is shaded with many trees and plants and features a year round creek running through the property and a creek outside running front of the gate. There is never a water issue as our 40 foot deep well provides us with pure drinkable water all year long.

Above is what we currently have built; below is a look at prospective opportunities for the prospective buyer:

The north end of the property houses the flea market and 3 block and concrete storage units. The storage units currently provide $630 per month in rent and the open flea market area provides approximately $800/mo net to the owners. The total square feet of this area is 30×80 (2400 square feet, including the storage units). (Two of these units measure 15x9x10ft, one measures 30x9x10). Total monthly revenue from this area is currently $1,430 per month.
Suggestions for alternative uses of this space and further development are:
Expand the storage business in this locale, 6 more units (approximately 40 sq. ft.), at a cost of $5, 000 each ($30,000 total), and with 70% occupancy rate you will amortize your investment in two years. After that it is pure profit. Currently we are keeping the flea market as a community service since we’ve initiated Phase II of the business in the back lot.
Alternatively this north area can be converted to a business mall with rents of configured units of approximately $2.50/sf, yielding each unit approx. 270 sf, at a rent of $675/month = $4,050 per month ($48,600/year). This is a prime possibility given the growth in the area north and south, the location, and lack of shops, restaurants, and services.
In the back lies a grassy area and seasonal creek (mostly year round) where 6 condos can easily be built. This is a more ambitious project as the cost of construction is around $100/sf. There are no condos in this area and they would be welcome. Most people now moving to Panama (Chiriqui) are looking to rent or live in a smaller space. Easy for locking and leaving. Also some buy condos as an investment and rent them out. Condos at 1000sf each cost $100,000 and each can sell for $140,000, more or less. Possibly 6 units with a pool and stream running by would be a good project. Total costs equal over $1,000,000 but the return on your money will be at least 10-15%.
Another idea that was presented to us in the same area is a small hotel. Figure a cost of about $1,000,000 again for the construction, and possibly 15 rooms for rent, plus a swimming pool. Rooms about $90 per night each night = $1,350 per night (total capacity), = $40,000 per month, optimum.

All the above have been developments beyond our scope and plans at this time. There is also room for expansion as the lot south of the property is for sale at a very reasonable price.

Note: The cost of operating a business is much less than in the United States or Canada. Our employee earns $22 per day, 6 days a week, plus benefits including the house for he and his family to live in.

Price: $750,000.00 Price Reduced $679,000
Contact Linda 6503-7756 or for more information

HERE is a Video of the property.

For Sale Restaurante Stella’s Marina (derecho de llave)

I received a request to post the following.

Selling key right (derecho de llave) from Restaurante Stella’s Marina in Pedregal de David

Price 15.000.- US$ including permiso de operaciones and alcohol license.

Whole Inventory of the restaurant, Gas equipment, gas grill, deep-friers, gas stove, working tables, refrigerators, deep freezers, micro-wave, soup bowls, platters, dishcloths, espresso machine, cups, tables, chairs, music equipment, and a lot more.

All equipment is used but functional.

Monthly rent 588.50 $ included tax,

Rent includes to security and water.

For more information contact Walter & Annabelle.

Email address unholzw @ (remove the spaces)
Walter cell # 643 15 850
Annabelle cell # 643 62 059

Granny’s Sausage in Boquete

I was told that there is now American style breakfast sausage available in Boquete. Actually, David Johnson, who I met this morning, calls it Tennessee sausage.

This is a family owned business. David said he finally gave up on getting good sausage in Panama and started making his own.

It comes in Mild, Regular and Hot. I ordered and picked up two pounds (one Mild and one Regular) this morning. The price is $5.50 a pound.

I hope it is what I am looking for. I have had a tremendous craving since PriceSmart quit carrying Jones Farm links.

I understand that Granny’s Sausage is available every Tuesday meeting in Boquete. If you want to try some before I report back, write David at

The BookMark Is For Sale

I received an email from Hal at the BookMark telling me that he is putting the BookMark on the market. He basically said he wanted to start using his hammock more and that the BookMark’s business had grown to the point he thought it needed younger management.

He said it had grown from being a $30 -$50 a day business to what he called a $300 – $400 a day monster.

He currently has a couple of interested parties, one of which is interested in a partnership with someone who would run the day to day management of the business.

Hal said his current inventory is approximately 20,000 books and that he has all the sales data since 2004, showing steady growth.

The BookMark has been written about in every Panama Guide book I have seen and has the largest selection of English books in Panama in my estimation.

If you have an interest in this business opportunity, contact Harold (Hal) De Mun. You can reach him at the following email address. I hope that whoever picks up this business will continue what Hal created. He has kept me in reading material since I move to Panama.

Good luck Hal and I will miss seeing you on my trips up to Dolega to get more books.

Business Opportunity in David Chiriquí

Hotel Panamá Rey Today

I received the following email from Wee-Mingh Fung related to a business opportunity in the city of David, Chiriquí. I have gotten to know Wee-Mingh because Café Don Sui is one of my favorite restaurants and I have talked to him many times while I was there.

You may also remember the photos I took on my visit to Hotel Panamá Rey

I am happy to post his email and if you have an interest in this business opportunity, contact him, at the following email address.

Don, we are trying to find lenders, buyers or partners to embark on a 1.4 million dollar renovation for the Hotel Panamá Rey. This hotel is the tallest building in “downtown” David, and has been successfully in business for 26 years. We have a business plan that can be sent to investors or lenders. You have done a great job at conveying information in your WEB site about Chiriquí, so we would like to know if you can help us find people interested in investing in the city of David’s hotel and tourism industry.


Wee-Mingh Fung

This is an architect view of the Hotel Panamá Rey following renovation.

Hotel Panamá Rey as it is planned