Business takeover Spain

The business takeover in Spain is a delicate issue...

I only can recommend to consult a lawyer before close a contract. First, the lawyer should clarify whether the intended transaction has the necessary license at all. The new agreement should also be necessarily concluded with the owner, otherwise you automatically take over all liabilities of the predecessor which are still open.

I opened a shop in Barcelona last year.  In my case the ‘Traspaso’ included not only the purchase of the existing goods, but also the furniture. We informed the owner and the existing lease went smoothly! Except that the operating permit has been changed at the responsible town hall. Hope this info has been helpful.

I also took over a bar years ago and had to renew all licenses again (license approval, opening hours, etc.).

These existed already from the predecessor but, as the operator changed, everything had to be rolled up again. I could not quite understand...

I rented for my nail studio a commercial space directly from the owner. I had to equip the space myself... like for example air conditioning, electrical connections, etc. I didn’t know that I had to take care of it!! In a future take over, I can let these costs flow into the tee-off sum.

I’ve done some research and I think I will try to take over a restaurant in Malaga.

Best of luck alanphinvst!

I am intrigued as we are thinking of getting a bar near Marbella…any advice at all?

I took all the advice that the kind people on here gave me! I have had my restaurant in Benalmadena for 5 months now we didn’t get one in Malaga in the end as Benalmadena was much better value and more touristic trade we swapped out lifestyles too and reallly really happy it hard work but it is a great life

what a success story!

I am so pleased you did it!!

and we took everyone's advice at it all went very smoothly. 

ok so I need to make sure I know what's included

just watch out for the licences mate they can really sting you on those especially if your not used to the spanish system but judt keep your eyes open follow sound advice and you will be fine.

thankss this is really good! 

So guys, I'm back again if anyone is still on here.  I am releaved to say that we haven't donne anythign yet in light of a sixth sense at the end of last year and obviously the current crisis.  What has happened to your businesses?  Because we really want to start a new life in Marbs but are clealry worried now.

Susan!  So what's the situatio over there?

Well what a nightmare if ever I saw one I mean who could have believed gthis would happen its incredible

we're headed back into lockdown I think…I managed to open the shop last month and fortunately it had done well enough to carry us through and something you must think about seriously is how and on what basis you employ staff.

theey have a hell of a lot more rights than in the UK there are no zero hours contracts here honestly, Google it, it's a minefield I mean no one expected a pandemic of course but the upshot is you still have to pay them

why is that?

I hear you it's been awlful and if you're not bankrupted by the fact that you can’t open and have no customers your bankrupted by your staff!

nightmare

although I have to say that since we've been allowed to reopen business has been good but we have had to half our capacity

yup same here mate agree with all the above.  Love, are you still so keen on Marbs?  It is so expensive although thinking out loud, you might get some real bargains as people kare going out of business…awlfull time for the trade

I had never thought of that…I would feel terrible though

business is business you have to get harder

yes indeed