Morales has "big dreams of opening a restaurant" featuring "excellent cooks specialising in barbecued meat," the Bolivian leader said in an interview with the El Deber de Santa Cruz newspaper.
Bolivia's first indigenous president, Morales, 54, was elected in 2005 with 54 percent of the vote and was re-elected in 2009 with 64 percent support.
He is estimated to win reelection with a resounding 74 percent in next year's balloting, according to opinion polls.
Once he retires after serving his third term, Morales said he could open the eatery with two members of his Movement for Socialism party.
"This job sometimes keeps me up at night," the 54-year-old leader admitted.
He promised to keep food costs down, but said he would find other ways to earn money.
"The menu won't be expensive, but we will charge for the photos," he said, presumably speaking about political partisans and well-wishers he anticipates would throng his establishment.
"We will charge a lot for those."
There was no set plan on who would work in the restaurant, but Morales said that he could be among staff.
"The president will be a waiter," Morales joked.
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