Purchase of restaurant - Page 2

eduardo3332 wrote on Thu Jun 17, 2021 9:21pm:

Hi,

I am only speaking from experience of opening 2 restaurants, in the Mazarron area, both these premises had been closed for a while and were owned by Spanish people, I did not use a solicitor as I was leasing and understood what the leases said and the terms were clearly stated.

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I will say you do not make any real money (if any) running a restaurant or bar here in Spain, it is extremely hard work and long hours, but if you are successful you will make a living.

Besides the cost of your start up, (I paid no money for the leases) you will have the monthly costs of your self employment, any staff you employ including the cost of there contracts, also an accountant to look after you affaires. One day I had a waitress in the premises, that was due to start work on the Monday, the Hacienda came in for an inspection and as she was behind the bar looking at the menus, and her contract started Monday I was fined 3000 euros.

My plan when taking these premise was to get them into profit and then sell as a going concern, this I did and was extremely pleased with the profit I made (but not the tax I had to pay) I will however point out the people that took them over were closed with the year. not realising hew fickil the general public can be.

I wish anyone well in opening a business venture here in Spain but there are many pitfalls, much greater than in the Uk for instance.

I have also had other business ventures, in fact I still own an SL Property company but this is dormant at the moment.

If you would like any further information from someone that has run businesses here on Mainland Spain, please send me a PM

Good luck and best wished with what ever you decide to do.

Sammylouise wrote on Thu Jun 17, 2021 9:31pm:

Thank you for all your information, it has been very helpful. I shall definitely send pm later for help and thank you for this offer. I am not after a fortune but just a good living standard in a country that others a good standard of life. Hope that's not to far away of a dream 

eduardo3332 wrote on Thu Jun 17, 2021 9:41pm:

A friend of mine that works remotely and has done for many years moved at the beginning of March,  to purchase a restaurant, near Malaga, had experience and good idea's about baking ect, unfortunately she has lost all of her money and her lovely apartment she used to rent here, back to squar...

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...e one.

Just another word of warning.