Bars and Restaurants for sale - Hotels for sale - Commercial units
Starting your own business when you move abroad is a popular route that expats take and a trend that will always continue due to the amount of expats moving abroad as growing numbers of new services are needed.
We at Links Worldwide Properties have a complete portfolio of overseas bars, restaurants, hotels, offices and commercial units ready for use throughout throughout mainland Spain, we do have a few bars, restaurants, hotels, office and commercial units in other countries however, due to huge demand Spain is our main area of expertise.
We offer commercial properties that are 100% freehold and rented with traspaso which is a payment like a lease contract, which can give the right to the owner of the lease to sell on in the near future should he/she wish to do so. Leases of these type of properties usually last between 3-5 years but can be up to 10 years.
When buying a bar / restaurant / hotel etc, you will need to study the laws and regulations in Spain as they are very much different to what you will be used to in the UK.
Bar / restaurant / hotel - drinks licence
Most of the commercial drinking premises will come with a licence which is registered to the occupants of the property, this will need to be transfered over into your name.
Finance on commercial properties?
Banks and lenders do not in general loan monies for leasehold properties only freehold, if finance is something that you will need the other possibilities are raising the capital in the UK or remortgaging a property of yours.
Live Entertainment
Many areas throughout Spain such as parts of the Costa Blanca and Costa del Sol have seen many councils end issuing music licences due to a number of different factors, which you could most probably guess why! If live entertainment is something that you are looking to pursue, you will need to check out if one can be issued on the property you like or to ask us if the property in question already has one.
Is running a bar / restaurant that easy? Is there much money the business?
Quite a simple answer really if you think about it, yes money can be made in Spain running a bar / restaurant / hotel or any business if it is run properly, if you have to pay a traspaso you will need to take into account the monies spent on this and rental alongside that.
Freehold is obviously a much safer option, although traspasos are not that bad IF you do your sums properly, many people do fall - we would not lie to you, you need to go into the business in the right frame of mind and put in the hard work.
Spanish bars and restaurants for example can be extremely hard work as they are not like the pubs back in the UK that open at 11am and close at 11pm, you will have to get used to 16 hour day shifts, different climate (working in 30C + is going to take its toll on you in the summer), treat it like a business and not as a holiday - don't drink away your profits!
It has been done on numerous occasions by bar owners, giving away drinks and drinking their own bars dry!
You need to be committed, some bar owners will have late nights and try to get away with not opening on time or not at all, keep it as professional as possible and you will succeed.
Other businesses in Spain
There are so many gaps in the market in Spain to fill to service not only the expat community but the Spanish and other foreign residents, before you jump straight in your will need to do your research as you would anywhere else in the world.
There is some serious money to be made in starting your own business in Spain, if you need any help or advice, we can be on hand to help you.
For more information about setting up a business, please send your questions to us and we will try to find the answer for you.
Bars / restaurants / hotels / commercial units by area in Spain
Please note: Restaurants will come under bars or commercials.
Albacete:
Canary Islands:
Costa Almeria:
Costa Blanca:
Costa de la Luz:
Costa del Sol:
Granada:
Murcia:
Sevilla:
Valencia:
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