godfather3886

Hi guys

I've really wanted to relocate out to Spain for ages,the Costa del Sol to be more precise.

I have'nt got many qualifications,so getting a job is out of the question.
So the plan I've come up with is buy an existing business.

I really want to buy an Indian restaurant,because I'm asian,so understanding curry's comes naturally and I just like the lifestyle that comes with running a restaurant.

At the moment I just want to keep the cash in my pocket,and let the recession knock down prices on everything.

I suppose what I really want to know is can it provide me with enough income to sustain me and my gorgeous wife?m not interested in the Jetset life,but I just want life to be a little bit more sunny and simple.

Dxf

Hi

If you're wise then you will wait for all these businesses to go bankrupt / close down at the end of the lease. There are many restaurants that are not taking sufficient money to cover their overheads, let alone turn a profit.
Times is hard everywhere, and I would rspectfully suggest, better the devil you know.
Stay put until you can see a light at the end of the tunnel

Davexf

AdrianTO

This topic has been discussed before and there are some ideas here.

http://britishexpats.com/forum/showthread.php?t=578401

I wouldn't recommend jumping straight in. Test the market first.

And Costa Del Sol is a tough market, specially around Marbella and Puerto Banus, if that is what you are thinking. In the marina in Puerto Banus alone there are two Indian restaurants, one at either end.

If you can provide something different, like authentic home cooked style food, then you might have a chance.

littlelambfound

"I just like the lifestyle that comes with running a restaurant"....errr...you're new to this, aren't you? How much experience do you have in the business? How good is you Spanish? Most "ethnic" type restaurants survive because they are family owned and run...that is, all the family is involved. This keeps the cost down. Look, most expat bars find the going tough, and there's usually just a husband and soon to be ex-wife. But adding in all the stress that comes with running a restaurant, well, either your gorgeous wife will be less and less so after spending days in the kitchen, or she's remain gorgeous in the arms of another (less stressed) man!
(SNIP) So the answer is "NO".

jojojojojojojojojojojojo

The two Indian restaurants close to me have both recently closed down much to my horror!!!! I dont know how you would find out about buying or leasing them. One was in Plaza Mayor and the other was in Alhhaurin de la Torre. You need to know why they both closed down though!?? The one thing I did notice sadly, is that they were much more expensive than Indian restaurants I used to go to in the UK

Jo x

Mitzyboy

We went to one last night in Pego. It cost €78 for four including wine and beer. I noticed about 3 other parties in there (7,30 to 9.30) and apart from that it was quiet. They were all Brits by the way.

I never realised there were so many Brits in Pego!

noelrosie

Of course there are ... many of them live in Monte Pego which doesn't have an Indian Restaurant... although they do serve something called 'curry' at the Bellavista Hotel!

montgomail

Well it was on A Place in the Sun once.

Mitzyboy

I know where that house is

rugbymatt

I have tried to figure out what this means you know!

Justlookin

There are quite a few in nearby Adsubia, on the Urbs.

bob_day

Please come and open your restaurant in Sayalonga or even Competa. We have a great Thai nearby and an Indian restaurant would be the icing on the moving to Spain cake.

hitchw

Surely that is a very unwise thing to do...Perhaps these businesses go bust because there is no demand in this time of economic doom and gloom! And also as sure is that if the lease came up and the owners were making a good profit they would renew it!
With so many restaurants of every ethnicity, competition is tough and I just dont think it prudent to invest in your dream. I know too many people that have had some of the most succesful restaurants in their areas, see their business slip away and end up selling up while they still can. Especially as they can then use the crap exchange rate and shift their cash back to the Uk in hope of the rate moving up so they can shift it back again, its a huge gamble, but less than that of opening a restaurant from scratch over there...not to mention all the permits you'd need and the red tape youd have to try to get through....best of luck at any rate...