FOR SALE: PAPA'S BY THE SEAFriday 15th June 2018
Price: Recently reduced from US$1.2 million to US$995,000.
A rare opportunity to acquire a freehold beachfront restaurant & bar in a prime position in one of the best locations in the Caribbean.
Falmouth Harbour is the winter home to some of the largest superyachts in the world and is the sailing hub of the Caribbean Islands and hosts some of the worlds most famous regattas amongst many other events each winter, starting each season in December with the Antigua Charter Yacht Show. After Christmas and New Year is The Superyacht Cup in January, the RORC Caribbean 600 in February, ICONIC Powerboat Race in March, Panerai Antigua Classics and Sailing Week both in April and the Optimist World Championships in July 2019.
Papa’s By the Sea first opened in 2015 in purpose built premises situated just off the main road into English and Falmouth Harbour comprising an alfresco restaurant and bar alongside a large swimming pool set in 0.75 of an acre of gardens directly on a sandy beach fronting Falmouth Harbour with a boat dock.
Seating 60 in a substantial covered gazebo enjoying cooling sea breezes with harbour views across all the superyachts lying at anchor. With further seating at the bar and in the gardens, Papas has already become a successful destination for lunch and dinner and has also become a venue for a number of events, parties, weddings and other functions, often for several hundred guests at a time. The large kitchen and bar have been fully fitted with new equipment. Guest cloakrooms complete the accommodation together with ample off-street parking.
There are loungers in the grounds for customers who wish to while away the day by the pool or swimming off the white sandy beach. With such extensive grounds, Papa’s offers a number of opportunities for further expansion and is ideally placed for an incoming operator with the vision to take it up to the next level, perhaps as a Nikki Beach style of operation, for example.
The business is for sale as a going concern in purpose built freehold premises, fully fitted, fully staffed, turnkey, ready for a new operator to walk in and take over.
See more on this property here.
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