Coming to Spain and buying a Business here is a big exciting adventure and many people can only dream of that. However, you want to make sure that you do not end up in a nightmare by losing your life savings.
There are indeed horror stories circulating on the Costa del Sol about people who came here to buy a Business and ended up losing everything they had. People that either did not use a respectable Commercial Agent or a proper Legal Advisor.
Some Businesses are for sale that are not even legal (they might have had a License at one moment in time but the License is not valid anymore or the Business Leasehold does not even belong to them, or there are debts to be paid…).
Some Buyers have lost their deposit because the Agent has run off with it (happened very recently) or some people did never get their deposit back although the Business they intended to buy had License issues which could not be easily resolved.
Therefore it is very important to use a professional, reputable and honest Agent and a experienced Gestor with a good reputation. If you do that, you should be able to avoid these type of pitfalls as everything will be checked out for you so you and your life savings are fully protected.
Costa Bars Spain is a reputable and honest Commercial Agent and will only sell a Business to you if you have engaged a reputable Gestor to make sure everything is properly checked out and the proper legal procedures are being adhered to. This is for our protection as much as for yours!
