Buying a Business

Find a business

Chapter Index

Who can buy a Business in Spain?

Anybody who holds an EU passport (which of course includes the British Passport) can live and run their own business in Spain. You have the same rights and entitlements just as a Spanish person does and if you are running your own business and paying social security, you will be eligible for free schooling for your children and free medical care! You will need to obtain an NIE number, which is something that Spanish Bars will assist with your application for.

If you do not have an EU passport, you will very likely still be able to buy a business and employ somebody to work in it for you, but would need a work permit to work in the business yourself. Spanish Bars can help and put you in touch with a lawyer who can assist you with obtaining a work permit if you do not have an EU passport. Please contact us with any questions or concerns relating to this matter.

What Businesses are Available to Buy in Spain?

There are a whole multitude of different businesses available for sale in Spain. You have a choice of Drinks Bars, Café Bars, Music Bars, Snack Bars, Restaurants, Shops, Offices, Supermarkets, Car Hire Businesses, Hairdressers, Service Businesses, Maintenance Businesses and much more.

The type of business that you buy depends on two main things; the area and what businesses are viable and what you feel you are able to run. After speaking with Spanish Bars, we will discuss the different options and about what you think is best and we work with you to show you the most suitable businesses that fit your requirements.

New Business or an Existing Business?

You have the choice of starting your own business from scratch or buying an existing business. When looking at starting your own business from scratch, you have to always remember that there is a far higher failure rate of new business start-ups and many go out of business within the first year if the business plan and market is not perfectly planned.

The other negative to starting a new business is that if you take on new premises, you have to spend money in refurbishing and fitting out the premises for your new business. Not only does this cost money, but you also have the long and drawn out process of getting the necessary licenses from the Town Hall to be able to legally trade. This can take many months and can be very expensive. If you did want to start a business from scratch, Spanish Bars can assist with obtaining premises, starting up a company and everything else that needs to be taken care of.

If you buy an already established business, you will find that you have trading history to be able to make a more informed decision that the business is right for you. Also and most importantly, the premises will already be licensed, meaning that the hard work and expense has already been catered for. Remember, that you can change the name, redecorate and change the way that the business trades, but you have a good foundation for the future, existing clientele and a much smaller chance of failure.

Spanish Bars sell all types of businesses, but we only market and sell businesses that are fully licensed in accordance with local laws – this means that you can trade from day one and you have far less stress and headaches.

So, the simple answer is; always try to buy an established business with licensed premises as this is by far an easier and more successful option.

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