Contact in Benidorm, Spain
Benidorm, Spain: +34 961 127 767
UK: 0800 098 8033
US: +1 415 651 8449

Buying a Bar in Benidorm

Buying a bar in Benidorm is a complex endeavour that requires you to create a checklist to ensure that a number of important issues are dealt with,  before – frankly – giving away any money to get a supposed right in the bar you are interested in taking over.

Yes, there’s the customary fact that everyone is going to ask you some money to be paid beforehand as a kind of deposit in order that you would ‘supposedly’ get the reservation and first choice to get the bar; please take extreme care – this is money hard to get back if you later discover any unexpected issues on the way to finally get the business. For example:

  • Did you know that you may be held liable for wages arrears of the employees of the current owner? Maybe you want the bar, but not the staff!
  • Are you sure the person who is offering you the business has the right to pass it on to you at all? Maybe he is a tenant, maybe he even owes some rent and maybe he has not got the right to sell-on the contract to run the bar, so you are paying a person who is just hoping to get your money and then leave
  • You have seen the business running, but this doesn’t mean that the bar has an appropriate license for that live music show or to play bingo, or just to make the refurbishment you were planning?
  • Very likely the restroom is not adequate for disabled people and so you’ve got an obsolete license which will bring you problems if a neighbour is not happy with you and makes a formal complaint to the authorities.
  • Many bars have covered parts of the external area of the bar to hold more customers, that in fact ought to be open to the public to walk through.
  • The tables and chairs on the terraces might require the payment of fees to the Town Hall  or an additional rent to the building, or they may be even totally illegal (ocupación de vía pública)…

So, in all honesty our advice – after almost 30 years of practising law – is that you are extremely cautious when considering buying a bar in Benidorm and make sure to get independent legal advice before paying anything just to be sure everything is in order and you don’t risk your savings, your efforts and your dreams to someone who just pretends that everything is fine because he has the urge to get the business sold.

Once you are fully informed about all the details and risks involved in the potential purchase, you can make the right decision to proceed, negotiate a reduction in price or alternatively to leave it as the business is not exactly what you thought you were going to get.

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Client testimonials

"José was attentive and sympathetic throughout in his dealings with my brother (in Australia) and me (in the UK).

Ours was a problematical case which involved José making contact with a Spanish notary and subsequently applying for NIEs for us and acting Power of Attorney. After this he was involved in protracted negotiations on our behalf with a particularly unhelpful Spanish bank in the matter of inheritance.

He was a calming influence when needed and never less than professional. He kept us fully informed at all times."

Stephen Mccool (Jul 29, 2020)

Traspaso

This service is available across Spain

Location

1Who is this Service for?

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.

2What does this service consist of?

  • Initial discussion with a lawyer to understand the project you have in mind
  • The lawyer will contact the other party to arrange all useful information and documentation possible, including income, taxation, costs, assets, leases, licenses or permits etc
  • Analysis of the information obtained and a report provided to you to determine whether you should proceed
  • Preparation or analysis of contract of ‘traspaso’
  • Following successful transfer of the business or premises, full tax and accounting services as well as any design or architectural/building services required.
Support services

3Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

  • Verification of the regulatory status of your professional.
  • Fees as recommended by the Local Professional Body
  • Fees specified in advance and legally guaranteed.
  • Service levels agreed in advance and guaranteed.
  • All professionals must hold professional indemnity insurance.
  • Professionals' proficiency in English monitored.
  • Continuous quality controls and reviews.

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