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Re: Is 75000 eur enough for a flat and leasehold cafe
Originally Posted by Riyadhguy
(Post 13344762)
I haven't looked at Switzerland as I thought it was too expensive to live there. Also, I have never seen any ESL jobs going in Switzerland. I will have a look though. I did try Germany but there were so many applications. I think one school there attracted 460 applicants so I was told and they hired internally in the end. ANy job nowadays worth going for will ultimately attract a lot of applicants. I think Spain gets lots of applicants from young teachers who want to live the lifestyle there but the salaries are low. (like 25000 euros a year maybe 30k euros)
Do you fall into that category? And the schools are all the private ones, and from memory we have a few people on here that have done that job, and it don't pay €25,000 a year, from what I recall. Somewhat less, the average wage is around €1,200 a month There you go, this is from the local website. ​​​​​​The average wage for an ESL English teacher on the Costa Blanca (Alicante region) in 2026 typically ranges between €1,000 and €1,500 per month for full-time academy contracts, with hourly rates usually falling between €11 and €17 per hour |
Re: Is 75000 eur enough for a flat and leasehold cafe
Originally Posted by Riyadhguy
(Post 13344760)
As there are many cafebars in Spain, presumably people do make a good living at it. Not everyone perhaps, but there are many cafebars. anyway, I only asked the question, I am not actually buying anywhere yet. As you say 75000 won't even scratch the surface. But some people must be making a good living out of running them in Spain otherwise no one would buy them.
That's why bars are opening and closing daily in and around Benidorm and the other popular places. Just because there are many doesn't mean they are all making money. Most are at best covering costs and allowing the owners to exist. You really need to do some research and not just think like most people that it can't be hard, as everyone seems to be doing it. |
Re: Is 75000 eur enough for a flat and leasehold cafe
Originally Posted by Barriej
(Post 13344777)
All the 'school' jobs in my area are for 'Native speakers of English'.
Do you fall into that category? And the schools are all the private ones, and from memory we have a few people on here that have done that job, and it don't pay €25,000 a year, from what I recall. Somewhat less, the average wage is around €1,200 a month There you go, this is from the local website. ​​​​​​The average wage for an ESL English teacher on the Costa Blanca (Alicante region) in 2026 typically ranges between €1,000 and €1,500 per month for full-time academy contracts, with hourly rates usually falling between €11 and €17 per hour |
Re: Is 75000 eur enough for a flat and leasehold cafe
Originally Posted by Barriej
(Post 13344748)
You are paying a sum of money for a 'lease' that allows you to enjoy the space, or in the case of an existing business, you are buying the current tenant out of their contract and paying 'goodwill, the stock, fittings etc' for a specified time. Whatever term was left on the lease you purchased with the business or whatever term you agree with the freeholder (1 year, 5 years, or 10 years), this is one payment.
You then enter into a contract to pay 'rent' on the property you will be running your business from, and the cost of insurance (if it's not already added to the rent) as well as picking up the cost of power, light, rubbish collections, etc.
Originally Posted by Barriej
(Post 13344777)
AIf you want to make or end up with a small fortune in retail. You better start with a very large one.
The only people who make any money will be the freeholder of the building.
Originally Posted by Riyadhguy
(Post 13344779)
You are correct that ESL jobs in Spain are 1200 euros per month.
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Re: Is 75000 eur enough for a flat and leasehold cafe
Originally Posted by Riyadhguy
(Post 13344760)
As there are many cafebars in Spain, presumably people do make a good living at it. Not everyone perhaps, but there are many cafebars. anyway, I only asked the question, I am not actually buying anywhere yet. As you say 75000 won't even scratch the surface. But some people must be making a good living out of running them in Spain otherwise no one would buy them.
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Re: Is 75000 eur enough for a flat and leasehold cafe
Originally Posted by Lynn R
(Post 13344784)
The number of bars in the large town I live in (not a holiday resort) is far smaller than it was when we arrived 20 years ago, and many of the premises they occupied have remained empty since they closed. Others start up, remain in business for maybe a year or two then close, and eventually the process is repeated with new owners. One such has had six new lots of people trying to make a go of it that we know of.
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Re: Is 75000 eur enough for a flat and leasehold cafe
Originally Posted by Barriej
(Post 13344748)
No, it is confusing if you have never done it before, but its very common in many countries.
So first off you either decide to 'buy' and existing business or you take out a 'lease' on commercial property. Both of these almost always attract what is known as a 'premium'. You are paying a sum of money for a 'lease' that allows you to enjoy the space, or in the case of an existing business, you are buying the current tenant out of their contract and paying 'goodwill, the stock, fittings etc' for a specified time. Whatever term was left on the lease you purchased with the business or whatever term you agree with the freeholder (1 year, 5 years, or 10 years), this is one payment. You then enter into a contract to pay 'rent' on the property you will be running your business from, and the cost of insurance (if it's not already added to the rent) as well as picking up the cost of power, light, rubbish collections, etc. The OP, from the sounds of it, has not done one iota of research, as they would fail even in the UK. How they would cope here with all the lovely paperwork and bureaucracy we have would be a wonder. And €75,000 will not even scratch the surface. My wife owned and ran a couple of businesses: a gift shop in a busy shopping arcade and then a cafe with our son in Shoreham-by-Sea. i owned and ran a Jewellers shop, small warehouse and a workshop and the words of a good friend who owns three bars around here (two in Benidorm). If you want to make or end up with a small fortune in retail. You better start with a very large one. The only people who make any money will be the freeholder of the building. |
Re: Is 75000 eur enough for a flat and leasehold cafe
Originally Posted by steviedeluxe
(Post 13346813)
I agree with much of what you say. however I do quibble with the idea that paperwork and bureaucracy is somehow on a different scale in Spain which I feel is an urban myth. Hire a decent gestor (the same way you'd hire an accountant in Blighty) and if anything paperwork is far less cumbersome than in the UK which can be complicated once you start talking about UC/tax credits if business is struggling. The other side of the coin however is that help/relief can be more generous in the UK, see covid relief and/or business rates exemptions for smaller retail businesses.
So our neighbour, who has run a business in this area for twenty years and has local government contracts, decided he wanted to open a retail office and small showroom. He purchased outright (freehold) a unit in the area, spent many thousands of euros on refitting it (using local trade) and then went to see the town hall about the permits to open. Eighteen months later and no answer as to why he still can't have a licence. He still has had to pay the IBI, etc., on the shop. And he is Spanish, and his wife, while British, came here when she was 2. They speak perfect Spanish, and even they despair over the way things happen here. His comment was that Spain is now trying way too hard to shake off the shackles of previously being corrupt, and so they have done the only thing possible and have decided that everyone must be crooked now because it's easier to start that way. All that waiting is just for paperwork. I and many others will attest to the fact that beaurocracy here is a joke. There may be a law, a rule and a set of guidelines. But even today it still comes down to what mood the functionary is in when you hand over the paperwork, even if you use a gestor (which we do, and she speaks very little English). I have issues where it's costing me three or four times the actual tax on my inheritance from my father in the UK because the tax office here doesn't believe the figures we gave. Even though they are on an apostilled document from the UK, which was translated and notorised here. And while I wait for them to make a decision, they have the nerve to charge me fines for not getting the paperwork in on time. Explain that? At least in the UK it's in B&W, and it's your fault if you haven't crossed the T and dotted the I. Don't get me wrong, I like it here (for now), and life is better than it was in the UK, but it ain't all perfect like lots of people say. We have had a couple of instances lately that have taken the shine off this country for us. |
Re: Is 75000 eur enough for a flat and leasehold cafe
Originally Posted by steviedeluxe
(Post 13346813)
I agree with much of what you say. however I do quibble with the idea that paperwork and bureaucracy is somehow on a different scale in Spain which I feel is an urban myth. Hire a decent gestor (the same way you'd hire an accountant in Blighty) and if anything paperwork is far less cumbersome than in the UK which can be complicated once you start talking about UC/tax credits if business is struggling. The other side of the coin however is that help/relief can be more generous in the UK, see covid relief and/or business rates exemptions for smaller retail businesses.
The house was purchased as a ruin and then renovated (rebuilt ) to be a business by a Spanish couple. They left us the paperwork to prove the licences and permissions they had to obtain. There are in short form and not in order other than how I can remember them.
I am just glad I never purchased a ruin to turn into a casa rural. |
Re: Is 75000 eur enough for a flat and leasehold cafe
Originally Posted by Casa Santo Estevo
(Post 13346830)
Having ran a Casa Rural totally disagree with you.
The house was purchased as a ruin and then renovated (rebuilt ) to be a business by a Spanish couple. They left us the paperwork to prove the licences and permissions they had to obtain. There are in short form and not in order other than how I can remember them.
I am just glad I never purchased a ruin to turn into a casa rural. |
Re: Is 75000 eur enough for a flat and leasehold cafe
Don't worry about the bureaucracy- You will never get an appointment to even start the process!!
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Re: Is 75000 eur enough for a flat and leasehold cafe
Originally Posted by steviedeluxe
(Post 13346841)
Ah, I was talking about urban retail shops/cafes and other small businesses.
I stand by what I said Spain is very bureaucratic. |
Re: Is 75000 eur enough for a flat and leasehold cafe
LOL Fred, spot of as usual.
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Re: Is 75000 eur enough for a flat and leasehold cafe
Originally Posted by Fred James
(Post 13346844)
Don't worry about the bureaucracy- You will never get an appointment to even start the process!!
The real pain (which surprisingly rarely gets mentioned enough) is the electricity supply/payments. Nothing is more "shocking" than the 2.000 euro bill taken directly from your bank account in a winter month, because you do need heating in winter. |
Re: Is 75000 eur enough for a flat and leasehold cafe
Originally Posted by steviedeluxe
(Post 13346874)
The real pain (which surprisingly rarely gets mentioned enough) is the electricity supply/payments. Nothing is more "shocking" than the 2.000 euro bill taken directly from your bank account in a winter month, because you do need heating in winter.
I guess that makes it even cheaper to stay in the Canary Islands since up north in the capital you can easily do without heating or aircon (you might need the latter in the south though!). |
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