BUYING A BAR IN SPAIN

For many it seems like the easy option of making a living after moving to Spain. But for many the dream turns into disaster.

Ill thought out planning and with no idea of the market many fail before they have been given the chance to start.

One salient factor is often money. Usually not enough in reserve to get a business going.

Ill thought out business planning or none at all leave newcomers to the Costa Blanca without a chance of success.

Over the last 12 months we have seen bars sold and then sold and then sold. More often they are just abandoned by those whose dream has disappeared.

For anyone contemplating buying a bar on the Costa Blanca they should err on the side of caution and work out before hand how much they can realistically afford and how they intend to run the business.

Prices of bars have clearly reduced to a more acceptable level but there are agents out there who will make money from you if you do not do your research first.

Before you do anything. Have a good look around on your own. Work out where is busy and why. Then look at where isn't and why!

Whilst there are a number of trusted agents on the Costa Blanca, make sure you do your research first and don'tbe persuaded into buying something you don't want.

For anyone please make sure that you have sufficient funds behind you to keep you going whilst you build your business.

It doesn't really matter what trade the previous owners had - it's what you make of it when your in there that matters. Attracting the customers is priority - keeping them is paramount!

There is undoubtedly stiff competition, the hotels with all inclusive deals have taken their toll on the local trade. However, if you get is right you will succeed.

There are helpful sites to assist in finding the right bar or restaurant and information on how to go about buying a business. Check out http://www.businessesbylawyers.com/ or http://spainbusinessguide.com/ where you will find the information you need.

No bar or restaurant should be bought without obtaining independent legal advice. There are many bars operating without a licence and there isn't the prospect that they will ever get one. It pays to check these things out before you commit to a purchase. You might find it is money well spent.

If you want information generally on Benidorm and the surrounding area then you should see http://www.realbenidorm.net/

For legal advice and assistance on buying a bar or restaurant then see http://www.costablancalawyers.com/ They will help you and advise.