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Purchasing a Leasehold Business

Purchasing a Leasehold Business

Old Aug 9th 2016, 3:06 pm
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Default Purchasing a Leasehold Business

Hi all,

I am looking to purchase a leasehold business with one other person in Spain. This would ideally be in a popular tourist hotspot in order to generate a substantial income. From what I can see, it would cost upwards of around £10,000 for a high quality leasehold. Would anyone be able to recommend any areas or tips on my move to Spain?
Thanks in advance.
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Old Aug 9th 2016, 3:38 pm
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Default Re: Purchasing a Leasehold Business

Hi and a warm welcome to the Spanish forum on BE. Myself and Fred James are the moderators for the Spanish forums whilst BEVS moderates Europe. Moderators are there to ensure that the site runs smoothly within the rules of BE. This is so that members gain the information that they are looking for and find their experiences on the forums to be friendly and worthwhile.

Problems and complaints should always be addressed to a moderator who will look into the matter and deal with it efficiently and fairly. Our members who post in the Spain Forums are usually friendly and helpful with a wealth of knowledge about the issues of living in Spain. I hope that you enjoy your time participating in the forums.

Please let me know if you need any further help.

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Old Aug 10th 2016, 8:29 am
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Default Re: Purchasing a Leasehold Business

Originally Posted by Lauder98
Hi all,

I am looking to purchase a leasehold business with one other person in Spain. This would ideally be in a popular tourist hotspot in order to generate a substantial income. From what I can see, it would cost upwards of around £10,000 for a high quality leasehold. Would anyone be able to recommend any areas or tips on my move to Spain?
Thanks in advance.
You don't seem to be asking for much! A high quality business of a type not described, in an area yet to be decided upon, the only proviso being that it should ideally be in a popular tourist hotspot! Oh and by the way you want some "tips" on your move to Spain. Suggest you do some more research of your own. Have you come over and looked around and taken some "on the ground" advice?
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Old Aug 10th 2016, 8:49 am
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Default Re: Purchasing a Leasehold Business

Originally Posted by Lauder98
Hi all,

I am looking to purchase a leasehold business with one other person in Spain. This would ideally be in a popular tourist hotspot in order to generate a substantial income. From what I can see, it would cost upwards of around £10,000 for a high quality leasehold. Would anyone be able to recommend any areas or tips on my move to Spain?
Thanks in advance.
My comment to you would be, 'don't do it unless you have sufficient money to lose if the business goes belly up, as the majority of businesses that rely on tourism, do' remember it's leasehold, and you would be liable for the cost of the lease even if you have ceased trading, until the lease has been taken over. I knew several people in Spain who did just what you are thinking of doing, and their business was a sucess in the mian tourist times, BUT, once that was finished they struggled, and eventually closed up, in fact did a monnlight flit back to the UK as they just couldn't afford to pay the lease rent. This wasn't just one set of people, and near where we lived there was one business changed hands 4 times in 6 months, each time the people taking over said they had been shown business records that had been blatantly falsified to make the place look much better as a business proposition.
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