The Spice and Tea Exchange of Panama City Beach

Asking Price$450,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue$500,000

Inventory$150,000
Included in asking price
FF&E$25,000
Included in asking price
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The Spice and Tea Exchange of Panama City Beach


Asking Price$450,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue$500,000

Inventory$150,000
Included in asking price
FF&E$25,000
Included in asking price
Business Description
Providing Custom Blends, Teas, Sugars, Spices and Salts
The Spice & Tea Exchange® is a unique franchise, specializing in high-quality gourmet spices and herbs, loose-leaf teas, and over 100 flavor-infused sugars, salts and custom-blended seasonings, complemented with a Tea Bar serving over 75 different teas to choose from, all within an interactive, sensory shopping experience. "Creating & sharing the experience of a more flavorful life," is the mission and cornerstone of our business, in which we strive to provide guests with quality products and flavorful memories. We offer a high-quality, diverse assortment of products, gifts and accessories for use in the kitchen and on-the-go. One step into our shops will kick your senses into high gear as you open the jars and smell, explore recipes, and speak with our knowledgeable staff about your culinary interests.

Fresh Ingredients
• Full-service Tea Bar
• 140+ Premium Spices & Herbs
• 85+ Proprietary Seasoning Blends
• 50+ Exclusive Loose-Leaf Teas
• Sea Salts & Infused Sugars
• Meal Kits & Gourmet Gifts
• Kitchen Accessories
Franchise Growth
• 90+ franchise locations Open
• 3 Under Development
• 15% Multi Unit Ownership

Area of Opportunity

Our primary target market are Tourists, of which, ~15 - 17 million people pass through Pier Park each year and growing. A majority of our customers are 25 to 60 years old and range from the weekend griller to gourmet chefs, lifelong tea drinkers and everything in between. This demographic also tends to have a higher level of disposable income. The “dwell time” of the average shopper at Pier Park, which measures the amount of time spent shopping, is 77 minutes.
About the Business
Years in Operation
5
Employees
6 (1 Full-time, 5 Part-time)
Manager full-time, with 5 part-time employees
Franchise
This business is an established The Spice and Tea Exchange franchise
Facilities & Assets
1283 sq ft of completely remodeled space with custom built shelving, tea bar and blending counters, designed to resemble an old-fashioned Spice and Tea Trading Company. A "Turn-key operation that comes with robust inventory, all equipment/supplies, decor, and a proprietary POS system.
Website
https://www.spiceandtea.com/panamacitybeach
Market Outlook / Competition
There is no other business like ours within a 50-mile radius. The business is located in a Prime Location in Pier Park, right in the center of the Boardwalk. According to the Pier Park Management and the local Chamber of Commerce, there are more than 17 million people that walk by the storefront every year.
Opportunities for Growth
There is plenty of opportunity for growth in sales, revenue and multi-store ownership.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
1,283
Rent
$7,000.00 per month
Lease Expiration
11/29/2030
About the Sale
Seller Motivation
Retiring
Transition Support
All training, IT support and Marketing is provided by corporate HQ, for monthly fees.
Financing Options
None
Listing Info
ID
2413695
Listing Views
73
Business Location

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Business Listed by: William (Lance) Boekenoogen

Listing ID: 2413695 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.