BUYING GUIDEOnce you have decided what kind of business you would like, whether it be a Bar, cafe, restaurant, hotel, bed and breakfast or shop, we can mix and match your requirements and budget to locate a choice of suitable businesses. The vast majority of purchaser's will opt for a bar or catering business of some kind. These are tried and tested, and the British owners have been successfully operating these businesses on the Costa del Sol for many years.
LEASEHOLD BUSINESSESBy far the most popular choice, especially if new to the business, leases are easy to buy and easy to sell on later if required. Most leases are 5 or 10 year with the possibility of renewing after this term. The monthly rent once agreed can only be increased by inflation which is set by the Spanish government each year. In most cases the lease includes goodwill and all fixture and fittings. The rent is payable 1 month in advance and you will need to pay a 2 month returnable deposit, as this is required by law.
FREEHOLD BUSINESSESNot as popular as leasehold, mainly because of the expense, but the benefits of a freehold business are very good. You can lease the business out taking a one off payment and receive a monthly rent, or simply run the business yourself with no rent to pay. We can advise you in all issues of purchasing a freehold property for investment purposes.
LICENCES AND LEGAL PAPERWORKYou are more than welcome to sort these out yourself, however we offer a complete package where our solicitor and ourselves will do all the donkey work for you, leaving you to concentrate on the new business. You can be rest assured that everything will be done correctly and legally in accordance with the Spanish government. Although it takes time for all the paperwork to be completed, you are allowed to open the business with certain documents in place which takes about 5 days. The price depends greatly on the business venture and if the business is freehold or leasehold, this can be discussed in more detail when ready.
STOCKAll bars and catering businesses in Spain are freehouses so you can choose what breweries and suppliers you wish to deal with. Beer coolers and fonts are supplied by the brewery and usually glasses, umbrellas, drip trays, mats and promotional products can be negotiated free of charge on a new order. Deliveries are often daily and therefore less space is required, but more importantly cash layout for your stock is very little.
OVERHEADSOverheads compared to the UK are much lower with profits running very high on drinks and food. This is why many Brits opt for this type of business, most of our clients have never worked in this industry before but it's much easier and less stress than running a catering business back in the UK.
SUMMARY
Does this sound good to you? Do you think that this is just a dream? To most people it is. For all our clients it is hard work, but great fun and very profitable. If you can afford 20,000 pounds or more, then we can help you achieve your dream. Email us or telephone us for a no obligation chat.
PROPERTY MISDESCRIPTIONS ACT 1991
The Agent has not tested any apparatus, equipment, fixture, fittings or services, and so does not verify they are in working order, fit for their pupose, or written ownership of the sellers, therefore the Buyer must assume the information given is incorrect. Neither has the Agent checked the legal documentation to verify legal status of the property. A Buyer must assume that the information is incorrect, until it has been verified by their own Solicitors. The Measurements supplied are for general guidance, and as such must be considered as incorrect. A Buyer is advised to re-check the measurements themselves before committing themselves to any expense. The Sales particulars may change in the course of time, and any interested party is advised to make final inspection of the property prior to exchange contracts.
MISREPRESENTATION ACT 1967
These details are prepared as a general guide only, and should not be relied upon as a basis to enter into legal contract, or to commit expenditure. An interested party should rely soley on their own Surveyor, Solicitor or other professionals before committing themselves to any expenditure or other legal commitments. If any interested party wishes to rely upon any information from the Agent, then a request should be made and specific written confirmation can be provided. The Agent will not be responsible for any verbal statement made by any member of staff, as only specific written confirmation has been requested.
DATA PROTECTION ACT 1998
Please note that all personal information provided by customers wishing to receive information and /or services from the estate agent will be processed by the estate agent for the purpose of providing services associated with the business of an estate agent and for the additional purposes set out in the privacy policy (copies available upon request) but specifically excluding mailings or promotions by a third party. If you do not wish your personal information to be used for these purposes, please notify your estate agent.
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