Beachfront Restaurant and Hotel For Sale: Property type:Business

Location: Cerros Sands, Corozal

Price: $950,000 USD

Is it your dream to run a palapa restaurant and bar in the Caribbean? Not a dream anymore! It also has a four room beautiful resort on location, The Royale.  Located inside of the gated, masterplanned, marina community of Cerros Sands. Make this your reality for under 1M. This immaculately built full service restaurant is seafront with palapas in all the right places. Its nothing to have 200 out here and not feel crowded, with +/-350 feet of sea frontage one can see why. Currently operating and profitable, the resort also comes with the property where plans for four addition four room complexes and a pool are cleared and ready for the build. Estimated full completion would be another 1.2M. This really is an opportunity to own a resort with 20 room potential, full service restaurant and bar, pool, and the view of a lifetime everyday! The offer includes a fully equipped palapa bar, a built-in restaurant with darts and pool tables, an additional bar, a newly constructed stage for live music, rooftop access, a fully equipped kitchen, and outdoor tables located on the beach, with palapas at most of them. This is an excellent opportunity due to the rapid development of the Corozal – Sarteneja road, including infrastructure expansion and growing interest from investors. The region is becoming increasingly attractive to both tourists and residents, which boosts the potential for businesses like restaurants and hotels. Investing in this location offers a chance to benefit from future property value increases and the growth of the local market. Let’s start the conversation!