For many the dream of moving to Spain also includes opening a business and in many cases that business is a bar. In this article from 2004, Kyero looked at what are still the primary considerations when buying a bar (or any business for that matter).
In the service industry, your key to success are clients ... and lots of them. Location is therefore a major consideration, especially in the case of a bar. Passing trade can mean the difference between success and failure, and while it is possible to achieve a steady income with some committed regulars in a side street or quiet suburb, making healthy profits is unlikely and more times than not the dream is short lived. there is a reason why front line bars are more expensive and while the initial outlay is higher you only need to take a look around to see the benefits of regular passing trade. I can give countless examples of a cheap bar coming onto the market in an out of the way spot, only to see them last a year or less and still being tied into a lease agreement.
Another topic touched upon is that most passing trade is seasonal, many Spanish tourist destinations have a very short season of a few months. And, while no-one would accuse the Spanish of being xenophobic, certainly in the area I'm living in, the Spanish tourists are quite traditional and furthermore faithful to the bars that they have visited year after year, meaning new bars can often be overlooked in place of their regular long established premises. while this may not be so much of a consideration in Marbella or Torrevieja, where international tourists dominate, it is worthwhile doing your research into your anticipated client base.
The short season is a real concern, is there going to be enough trade in the high season to cater for the low, or are there enough residents to provide an all year round income. Location and research into the location is vital, with some of the islands for example benefitting from all year round tourism, while many well known summer hotspots can turn into ghost towns in the winter.
The knowledge to take with you when buying a business in Spain can be summed up in the well known phrase ... fools rush in where angles fear to tread. Sometimes taking a risk can pay off, but make sure that risk is a considered one by doing your homework and thinking 12 months ahead rather than 12 weeks.
Kyero has hundreds of businesses for sale in Spain and a great number of bars for sale - the latest can be found by searching for 'commercial property' or by visiting here - http://www.kyero.com/browse/spain-commercial-property-for-sale-pag1pgr8ppp20slt0srt4
The original article - Bars for sale in Spain can be found by searching Kyero for commercial properties. As with any property purchase, it pays to take your time and do your research before buying and Kyero makes this easy by giving you access to thousands of commercial properties in Spain, all advertised by hundreds of different agents. Of course, location is paramount and whether you are looking for bars for sale in Spain on the coast or would prefer to set yourself up in a small Spanish village or major city inland, you will find a wide choice here on Kyero.
Although location must be very high on your list of considerations, don't forget that there are many business opportunities available in Spain and thinking beyond running a typical bar or disco could just give you the business edge that you are looking for. Remember that many businesses in Spain can be very seasonal, particularly in the coastal resorts. Whatever you decide, the Kyero database is a great place to start your search and has a wide selection of restaurants and bars for sale in Spain.
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