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Q: |
Why are most businesses leasehold?
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A: |
Freeholds are very expensive in Spain,
especially on the Costa del Sol. Most
freeholds are owned by Spanish families who
prefer to live off the rent obtained by
leasing the property. |
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Q: |
Can anyone buy a business in Spain? |
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Yes although it is much easier for EU citizens
as no special work permit is required. |
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Q: |
I have never worked in a bar before, will this
be a problem? |
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A: |
Not really. Running a bar in Spain is
relatively easy although you do need to be
prepared to work long hours. Some business
experience always helps but you will have lots
of help and advice here. You need to be happy
working with people and enjoy yourself. |
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Q: |
When I purchase a lease, can I sell this lease
at any time? |
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A: |
Yes. |
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Q: |
Once I have bought a lease, do I have to pay
any more lump sums of money? |
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A: |
No. When the lease is renewed, you do not have
to pay a lump sum again. |
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Q: |
Are there bars with accommodation included? |
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A: |
Not usually. Most bars come without
accommodation and you will have to rent an
apartment close by. Sol Commercials can help
you find somewhere to live by introducing you
to honest agents in the area. |
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Q: |
How much will a rented apartment cost and are
they furnished? |
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A: |
On average, we say, allow 750 euros per month
for an apartment. This will be a 2/3 bedroom,
close to the sea and usually fully furnished.
These are rented on a long term contract. |
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Q: |
I don't speak Spanish - is this a problem? |
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A: |
On the Costa del Sol, most Spanish people
speak enough English to understand you.
Although it is nice to learn Spanish, all
suppliers speak English so you will manage
perfectly well. |
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Q: |
How do I find the right suppliers for may bar
or business? |
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A: |
When you buy through Sol Commercials, we will
give you a printed booklet that lists all the
suppliers along with recommended tradesmen. |
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Q: |
I have heard nightmare stories about buying a
bar in Spain - are they true? |
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A: |
Some of them unfortunately are. There are
ruthless agents in Spain who will sell you
anything to make a commission. It is vital
that the agent makes sure your business is
legal and debt free. Sol Commercials have a
very professional attitude towards this and
will ensure that your business is legal and
debt free. We will also advise you on the best
type of business for you, in the best area. We
want you to be happy and successful in your
new life - that way we can still drink in your
bar and hopefully sell the business for you
when you decide to move on. |
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Q: |
What is the cost of living like in Spain? |
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A: |
In
general the cost of living is much lower than
the UK, up to 40% lower. Food, drink,
cigarettes, eating out, clothing are all much
cheaper. |
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Q: |
Can I drive in Spain and buy a Spanish vehicle? |
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A: |
Yes. Your UK photocard licence is fine for
Spain. To buy a Spanish vehicle you have
to have residencia. This is easy to obtain
and your accountant/gestor will help you. |
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Q: |
Is there any resentment of the English from
Spaniards? |
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A: |
No. In 17 years we have never seen any. The
Spanish are comfortable with English people
and are happy with the money being brought
into the Costa del Sol which helps the overall
economy. |
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Q: |
Can I still buy English products in Spain? |
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A: |
Yes. Most supermarkets now have a full range
of English products although they can be
expensive. There are also many English owned
shops where goods are imported for foreign
residents. |
|
Q: |
Can I bring my pets with me when I move to
Spain? |
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Of course you can but there are special
regulations. They will need a pet passport and
a document confirming they are rabies free.
Your vet will help you make all the necessary
arrangements. |
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Q: |
What about schools and education in Spain? |
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A: |
There are two types of school in Spain;
Private and State. You can send your children
to either. Private education is paid for per
term, State schools are free although you pay
for materials and books. There are plenty of
both types on the Costa del Sol and your
children will soon feel at home. Sol
Commercials will introduce you to people who
have children at school and they will give you
lots of advice and help. |
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Q: |
Do I need to be qualified to handle food?
|
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A: |
Yes. You have to obtain a hygiene certificate.
It costs around 50€ per person and is very
easy to obtain. We make all the arrangements
for you. |
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Q: |
Can I change the name of a bar or business? |
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A: |
Yes. It is a simple procedure and your lawyer
will advise and help you do this.. |
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Q: |
What about accounts and taxes in Spain? |
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A: |
We will give you contact details for
accountants and advisors who will arrange to
prepare your accounts for you. It is a complex
matter but is not a problem for you if you use
an accountant. |
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Q: |
Are there any additional fees and hidden costs
in buying a bar or other business in Spain? |
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A: |
Sol Commercials believe our success is due to
our honesty and the fact that our clients
never get surprises. Our fees are paid by the
seller, you pay the legal fees to the lawyer
and other than your rent there are no more
costs for the business transfer. We will
ensure you are fully aware of ALL costs,
before you buy. |
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Please let us know if you see any business listed, on
solcommercials.com, cheaper on
another agents website!
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