We recently worked with a husband and wife team from the UK who wanted to relocate to Mallorca, in the Magaluf area. They wanted a British Bar with all the usual trimmings, British Food, SKY TV, Football, Sunny Terrace. They had a certain price point to achieve and wanted to be in place before the [...]
The small and medium size businesses association, in Majorca, revealed yesterday that the tourists are spending arguably less this year. The food and beverages section of this organization reported that the cafés, bars and restaurants situated in the tourist areas around the coastline said that the trade was 20 to 30 % less this July [...]
Continue reading about Business Sales Majorca Businesses Reporting 30% Drop
We currently have clients from Germany looking for a lively music bar in the South West of Mallorca, ideally Paguera or surrounding areas.
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Finance Although on a freehold property, the banks in Spain may lend up to 60% of the amount, they will probably not be interested in financing the leasehold or rental business. It may be possible to try to negotiate the terms directly with the business seller for the business, however; you have to understand that [...]