If you are planning to take over a bar, restaurant or other active restaurant or indeed need to arrange premises for the carrying-on of a new business, you may well need to arrange the ‘traspaso’ or transfer of the business and/or premises.
This will allow you to benefit from the existing clientele or area where the premises are located and so begin your business from a privileged position.
The purchaser agrees to make a payment to the existing leaseholder or owner to take-over the business or premises.
