| **Star Buy** | Bars | Restaurants | Hotels | Commercial | Bargains | Quick List | **Star Buy** |
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Frequently Asked Questions - Commercial.
Q. What is a traspaso?
A. A traspaso is an old Spanish term for a lease contract that includes the right of the leaseholder to sell the business on in the future. This is important as all the goodwill and trade you build up over the years can be sold for profit when you move on rather than just handing the keys back to the Landlord when you depart. With all traspasos/leases there is also a monthly rent due to the owner, varying from as low as 600 euros per month to 2000 euros plus.
Q. How long are the leases on bars and commercial property?
A. Most leases are for a 5-year period although leases of 3 or 10 years can be found.
Q. What is a rent only contract?
A. Rent only contracts are rare to find with bars and commercial properties. Although they provide a cheaper way to start your business they do not give you the all-important ability to sell on your business when you choose to leave. Q. How long will it take to find a bar or commercial property. A. We recommend setting aside 4-5 days if possible to allow time to familiarise yourself with the areas, look at a range of properties, make your choice and begin the legal process. It can be done in 2-3 days if required and you have the stamina! Q. I don't want to run a bar - are there other types of commercial property available? A. We have a wide selection of hairdressers, car hire companies, florists, gift shops and the like. Please contact us for details or browse our commercial section. Q. What kind of deposit is required when I find a bar or commercial property? A. Normally a reservation deposit of 10% will take the property off the market with the balance payable on completion. |
BarsForSaleSpain Avenida de la Constitucion • Edificio Fiesta, Locale 46 Arroyo de la Miel • 29631 Malaga • Spain Tel [+34] 952 441 388 info@barsforsalespain.co.uk | Site Map |