Retail•Restaurant•For Sale

Palapa Bar Grill

Boca del Rio Drive, San Pedro, 00000

Sale Price $2,500,000
Sale Type Business for Sale
Year Built 2016
Gross Bldg 4,182 SqFt
Land Area Acres
The Palapa Bar & Grill has been a popular tourist destination in Belize for over 25 years. Purchase price includes palapa structure, dock, decks, all equipment and appliances, liquor license, trade permits, pier permit and licenses, tax and social security numbers, and government sales tax ID. The business also collects pier rental income from 2 water sports businesses. Bar and restaurant inventory will be negotiated at the time of sale. Palapa has consistently been one of the most popular destinations for tourists and sales have increased dramatically since moving from their prior Tres Coco's location. 2018 has been the most profitable year to date. The bar and restaurant is located on the longest pier on Ambergris Caye and extends 367 feet over the Caribbean Sea overlooking the World's longest living reef. 2018 owner cash flow = $445,226 and EBITDA = $405,226 Belize
  • Pier extends over 367' over the Caribbean Sea - updated in 2016
  • 4,182 sq ft newly constructed thatched roof structure made out of native woods and timbers - completed end of 2016
  • Watch Eagle Rays and Tarpons swim nightly under the lights
  • Bar features 5 - HD 65" televisions, new appliances and music stage with sound system
  • Fun swim area in the bright blue sea complete with new, large sun deck and easy entry stairs
  • Relax in inner tubes, float in the tropical warm waters and have your favorite beverage served to you by zip line!
6/7/2019 9:52:29 PM 6/13/2019 3:19:59 PM
April Femrite
Business Broker
NAI Belize


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