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Moving to Spain?
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Are you interested in buying a business in Spain?
With 1000's to choose from and all different types of Businesses for sale in Spain the choice is huge. For many years one of the most popular businesses for sale in Spain has been bars.
A lot of British people have bought bars and restaurant businesses in Spain and been very succesfull, others however have not done so well. It is always worth reseraching businesses that are for sale in Spain by using a reputable businesses for sale agency you will find several within this website.
There are several options available when buying businesses in Spain, if you are moving to Spain within the next year or so then it make sense to visit Spain as many times as possible before you commit to buying a business in Spain. You will find that some businesses that are for sale may only be seasonal such as beach bars and businesses that rely on the tourist trade in the Summer.
Some businesses that are for sale in Spain are busy all year round as the business is not relying on tourists for trade.
“The summer weather all year round has been attracting families from all of Europe’s countries for years,” so according to the world famous Lonely Planet Guide, people are atracted to the laid back way of life in Spain. If you look in any lifestyle magazine you will find that most of them ranked Spain’s quality of life as the third highest in the world, taking into account a range of factors including weather, culture and economy. In addition 76% of British homeowners dream of moving to Spain and starting a business, and there is a steady flow of British families moving to Spain and buying already established businesses and starting up businesses from scratch.
A lot of British families choose to buy franchise businesses that are for sale in Spain as most of the hard work has already been done, and they can rely on support and advice in getting what ever type of businesses that they decide to start.
In the past a lot British families took the decision of moving to Spain after retirement, or after being made redundant or winning the lottery. As a result a bustling British ex-pat community has been steadily growing not just along the Spanish Costas but also inland (Campo)
There is now a new relocation breed in Spain - one seeking to invest and take over existing businesses. These families do so well before retirement age and have spotted the opportunity to make money as well as improve their quality of life whilst living in Spain.
“Buying and running businesses in Spain is as easy as it is in the UK ” says Jason Harding of www.franchiseforsalespain.com But, he warns, that it is a good idea to decide on the amount of working capital before you investigate further. “It is difficult to get financing on a leasehold or leased property, only freeholds or businesses where real property is included can be totally financed,” he says, however most franchise businesses can be financed via Apple Financial Services in Torrox who specialise in Bank introductions and arranging finance for many different types of franchises and businesses for sale in Spain.
Harding advises that buyers should only go to Spain when they’re in a position to actually buy a business. "A good business will go in a matter of weeks, maybe even less,” he warns. It is always adviseable to put a small deposit (providing it is refundable) prior to leaving the UK so that you are not pipped to the post.
Once you’ve found your ideal business in Spain and decided that you want to make an offer, the next step is to "take legal advice from a lawyer in Spain, known as an Abogado." You will also need to also instruct the services of a ‘Gestor’. A Gestor is a Spanish paperwork specialist, a go-between who liases with the local authorities and government, and to help you aquire the relevent permits and certificates that you need to start running your new business. A Gestor’s fees will often be between £1,000 and £1,500, including the charges levied by the local authorities. If you are buying a franchise business most of this has already been done as you are effectively trading under the franchise umberella.
Unless you are a fluent Spanish speaker, you would be best advised to concentrate your efforts on the regions of Spain with the heaviest British tourist traffic and highest concentration of British ex-pat residents. The obvious areas are the Costas, the Balearics and the Canary Islands.
The tourism and service sectors are the most popular choices for Britons buying a business in Spain, with its 4000 km of beaches and long April to October summer season. Most business buyers relocating to Spain opt for a bar or catering business of some kind for obvious reasons. Bars and catering businesses are inexpensive, there is plenty of availability, and in its simplest form the catering industry requires little or no previous experience.
It is very important to fix your exchange rate of buying euro from sterling at the time of buying a business in Spain because if the euro goes up in value against the pound by 5% the business that you are buying will efectively be costing you 5% more! We recommend that you use a company such as HIFX (they are the most established, and longest running with offices around the globe).