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| YOUR FREE GUIDE TO BUYING AND RUNNING A SMALL BUSINESS OR BAR IN BENIDORM & SPAIN |
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| Bars for sale in Benidorm - Albir Bars for sale - La Cala Finestrat bars for sale - Benidorm Restaurants For Sale |
| Spain Business Guide Buying & Running A Bar In Spain Business Transfer Agent Benidorm & Costa Blanca Spain FREE advice for everyone |
Buying A Bar In Benidorm
Benidorm Bars and small businesses in Spain still offer a great opportunity in the
right hands despite the financial crisis. Spain provides plenty of the right kind of
businesses for a successful life. With the right amount of research, proper financial
business into a profitable and sustainable operation. 70% of all ex-pats who go into
business run bars or cafeterias in Spain. The Costa Blanca is the number one
destination in Spain to set up a new life for British residents and English speaking.
You should consider the following positive points to owning a business in Spain.
Our guide mainly covers running a bar as this is of interest to most of our website
visitors. Or course it is harder these days but long hours and hard work can still pay!
Businesses in Spain enjoy all year profitable trading especially in the tourist hot
spots in the south with the Costa Blanca being the most popular destination for
foreigners setting up business. Do your homework and be realistic about income!
Bars, Restaurants and Cafés offer the best rate of success as these can be
marketed toward the tourist sector where it is possible to operate with only a little
conversational Spanish. Expect to work long hours, therefore you need to love the
customer service style of business and be prepared to think outside the box!
Life in Spain is very safe and less stressful for business owners, with less
paperwork once set up, than in the UK and other European countries. Running costs
are similar to those in the UK but with very low council rates and usually lower rent.
There are less creditors and debtors in Spain as the economy is still cash driven,
especially in the hospitality sector making most businesses cash rich to operate.
Operating costs are much less in Spain for fixed costs such as business rates and
refuse collection. The Tax system also greatly considers sole traders offering easy
and simple ways to pay Tax on your business. Self emplyed social security
payments are high however at around a minimum of 240€ per month.
With so many lifestyle opportunities the country offers something for every type
and style of entrepreneur and most of all in the service industries which serve the
tourism sectors. Although visitor numbers and spend are down since the credit crisis
if you offer a good products and excellence in customer service the income is still
there in the right locations. Hard work and clever marketing is the key to success.
Setting up a business outside the “box” is possible as there are so many niche
markets in Benidorm and Spain which are untapped. This is especially true when
considering offering services to the many hundreds of thousands of ex-pats living in
Spain. Remember however that it takes a good few years to build regular trade.
If you are looking to find somewhere to live a great life and work hard, you would
be hard pressed to find a better place than Spain. The country has grown rapidly
since the introduction of the Euro and although the decline in the property market
and incomes have dropped in real terms for those ex-pats who live here on GBP
incomes Spain still remains an excellent place to put down roots and own a small
business. With, the massive tourist sector there is a continuing and ever changing
need for tourist related businesses, feeding the service industries which in turn feed
the economy along the Spanish coasts.
BE REALISTIC, WORK LONG HOURS AND HAVE A SOUND PLAN!
The secret to success is to be realisitc about potential income from a small
business, especially bars and be realistic about your lifestyle costs and
expenditure. The Spanish way of life is all about living a happy life. However if want
a detached Villa with a pool or a luxury beach apartment and the best of everything
you will unlikey be able to finance this from a small bar. Be prepared to work very
long hours, buy on a sound plan and not just a dream of living in the Sun and you
should have a great life here. We wish you luck and success.
Please read each of these items below they are all very important
considerations for running a Spain business.
Or start from the first page here
Benidorm Bars and small businesses in Spain still offer a great opportunity in the
right hands despite the financial crisis. Spain provides plenty of the right kind of
businesses for a successful life. With the right amount of research, proper financial
business into a profitable and sustainable operation. 70% of all ex-pats who go into
business run bars or cafeterias in Spain. The Costa Blanca is the number one
destination in Spain to set up a new life for British residents and English speaking.
You should consider the following positive points to owning a business in Spain.
Our guide mainly covers running a bar as this is of interest to most of our website
visitors. Or course it is harder these days but long hours and hard work can still pay!
Businesses in Spain enjoy all year profitable trading especially in the tourist hot
spots in the south with the Costa Blanca being the most popular destination for
foreigners setting up business. Do your homework and be realistic about income!
Bars, Restaurants and Cafés offer the best rate of success as these can be
marketed toward the tourist sector where it is possible to operate with only a little
conversational Spanish. Expect to work long hours, therefore you need to love the
customer service style of business and be prepared to think outside the box!
Life in Spain is very safe and less stressful for business owners, with less
paperwork once set up, than in the UK and other European countries. Running costs
are similar to those in the UK but with very low council rates and usually lower rent.
There are less creditors and debtors in Spain as the economy is still cash driven,
especially in the hospitality sector making most businesses cash rich to operate.
Operating costs are much less in Spain for fixed costs such as business rates and
refuse collection. The Tax system also greatly considers sole traders offering easy
and simple ways to pay Tax on your business. Self emplyed social security
payments are high however at around a minimum of 240€ per month.
With so many lifestyle opportunities the country offers something for every type
and style of entrepreneur and most of all in the service industries which serve the
tourism sectors. Although visitor numbers and spend are down since the credit crisis
if you offer a good products and excellence in customer service the income is still
there in the right locations. Hard work and clever marketing is the key to success.
Setting up a business outside the “box” is possible as there are so many niche
markets in Benidorm and Spain which are untapped. This is especially true when
considering offering services to the many hundreds of thousands of ex-pats living in
Spain. Remember however that it takes a good few years to build regular trade.
If you are looking to find somewhere to live a great life and work hard, you would
be hard pressed to find a better place than Spain. The country has grown rapidly
since the introduction of the Euro and although the decline in the property market
and incomes have dropped in real terms for those ex-pats who live here on GBP
incomes Spain still remains an excellent place to put down roots and own a small
business. With, the massive tourist sector there is a continuing and ever changing
need for tourist related businesses, feeding the service industries which in turn feed
the economy along the Spanish coasts.
BE REALISTIC, WORK LONG HOURS AND HAVE A SOUND PLAN!
The secret to success is to be realisitc about potential income from a small
business, especially bars and be realistic about your lifestyle costs and
expenditure. The Spanish way of life is all about living a happy life. However if want
a detached Villa with a pool or a luxury beach apartment and the best of everything
you will unlikey be able to finance this from a small bar. Be prepared to work very
long hours, buy on a sound plan and not just a dream of living in the Sun and you
should have a great life here. We wish you luck and success.
Please read each of these items below they are all very important
considerations for running a Spain business.
Or start from the first page here
- Make sure the services and safety equipment are all in order
- Employ a good independent English speaking lawyer
- Employ the services of an English speaking Gestoria
- Know what is included in the sale price
- What is a traspaso is it different form a lease or rental?
- Know how long the contract is for and can you legally renew it
- Talk to other business owners find out if they are trading well
- Meet the landlord of your premises (essential)
- Never pay a deposit to anyone but your lawyer / Paying an "Aval"
- Buying a cheap bar for sale - Cheap but is it a bargain?
- Checking out the area do you really want to live here?
- Consider the long hours - is this lifestyle for you?
- Have enough operating cash for the first 6 months
- Understand marketing - What services? Who are the customers?
- Operating cost analysis - Fixed, variable and lifestyle costs.
- Correct pricing not too high or low - 60% Gross profit minimum
- Employ an interpreter and translator - you will need one
Feel free to browse our Costa Blanca bars for sale to see what is available
today which may interest you or simply to get an idea of prices and types of
in our guide we suggest your read up on Marketing and our warning about
Paying a Deposit on a Bar in Spain.
today which may interest you or simply to get an idea of prices and types of
in our guide we suggest your read up on Marketing and our warning about
Paying a Deposit on a Bar in Spain.
