Businesses for sale

Legal fees and costs involved when buying a business in the Costa del Sol

Bars & Cafes for sale
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HIFX with Sol Commercials - Bars for sale in Spain, cafes, restaurants, shops, offices, for sale, Costa del Sol, Spain
 

Sol Commercials uses and offers the legal services of CYC Asesoria legal y Tributaria, based in the centre of Fuengirola and CPS Spain, based in Benalmadena. Cristobal Ruiz from CYC and Simon Ellison from CPS Spain both have untarnished reputations in the field of leases, freeholds, accounts and legal/accountancy services. Of course it is your choice which lawyer you use.

When buying a leasehold business the legal fees are 1,500 Euros which includes the following:

  • Residency paperwork

  • Drawing up of the new lease agreement

  • Social Security set up

  • Work contracts

  • IVA (VAT) registration

On top of the legal fees is the cost of changing the names on the opening licence. In all towns, apart from Benalmadena, this cost is 750 Euros. In Benalmadena, the cost of changing the names on an opening licence is charged by the type and size of the business. For a bar, cafe or restaurant the cost is 41.3 euros per square metre. For a shop or office the cost is 23.6 euro per square metre. Example: To change the names on an opening licence for a 50m2 cafe bar, in Benalmadena, the cost will be around 800 euros.

On the day of completion you will also be expected to pay two months rent, as a retention deposit, which is refunded on sale, and one months rent in advance.

The monthly rent printed, for each business, on this website is the amount the current tenant is paying. On the signing of a new lease the landlord is legally entitled to increase the rent by up to 20%.

The lawyer you appoint should negotiate the following clauses in the lease:

  • Percentage the rent will increase on signing of a new lease.

  • Percentage the rent will increase on the increment periods (If the lease is 5 year renewable, the rent will increase after the first 5 years. The rent will also increase by the rate of inflation each year. In 2006, the government set the interest rate at 2.7%)

  • Percentage payable to the owner on sale (Legally the landlord is entitled to ask for, up to 20% of the declared sale price)

  • Percentage the rent will increase, on sale, for new owners (legally the landlord is entitled to increase the rent by, up to, 20%)

  • Length of the lease (It is imperative that the word renewable is written in the lease. If this word is missing the landlord can evict you after the first term of the lease)

All the points above are negotiated by the lawyer you appoint. If the landlord wishes to increase the rent by the legal limit of 20%, the lawyer will negotiate a smaller % to pay on sale, etc.

Please let us know if you see any business listed, on solcommercials.com,
cheaper on another agents website!

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Sol Commercials
Avda. Jesus Cautivo 21, 4B, 29640, Fuengirola, Malaga, Spain
Whilst every care is taken in the description of businesses, Sol Commercials cannot be held responsible for errors in description.
©2008 Sol Commercials All rights reserved

With bars, cafes and cafe bars for sale, Costa del Sol, Spain and restaurants, offices and shops for sale in
Torremolinos, Benalmadena and Fuengirola we can help you find a commercial business for sale anywhere
in the
Costa del Sol, Spain. Areas we cover are Benalmadena including Arroyo de la Miel, Fuengirola including
Los Boliches & Torreblanca, Torremolinos including La Carihuela & Montemar, Marbella, San Pedro, Estepona and
inland,
Alhaurin el Grande, Alhaurin de la Torre & Coin, Costa del Sol, Spain