The Spanish economy is experiencing continued growth and the future is looking bright. The Spanish economy expanded at a sturdy rate of 0.8% in Q1, the unemployment rate is falling and there is a real sense of optimism in the real estate sector throughout Spain. The export sector is benefiting from strong global demand. The IMF predicts that the UK (2.0%) and the US (2.3%) will be among the top performers when it comes to the world’s large economies in 2017. The IMF estimates total global economic growth for 2017 will be 3.5%.
Growth for Spain in 2017 is estimated to be 2.6%, up three-tenths on the last forecast, in January, and putting the country slightly ahead of the United States and Britain in terms of GDP growth for this year. Reform is still needed and employment contracts and Social Securtiy payments are areas of great concern for the forthcoming budget 2017.
There's a long way to go, but the corner has been turned and we are seeing enquiries for businesses increase and confidence is returning.
Business Broker Spain over the years has become one of the largest business brokers in Spain. Founded by Nigel Fitzpatrick and Mervyn Hughes in 2011 after re-branding from being associated with a large business transfer agency based in the UK. Nigel initially worked the Costa Blanca area of Spain and Mervyn the Costa del Sol and the logical step was to amalgamate these areas and join forces to grow the brand. Through sheer hard work, determination and tenacity we rode the recession of the early 2000's to develop other areas of Spain where Business Broker could thrive.
Short Bio's of the Team at Business Broker Spain
Nigel Fitzpatrick - Director.
As mentioned previously, Nigel is Director of the company and founder. Nigel has lived in Spain for the last 12.5 years, married with a daughter that was born here. His background is varied, worked in Australia at the age of 20, he owned a very successful bar/restaurant in the UK at the age of 22. After selling this he was ready for his next challenge and joined the family hotel business and eventually ran the business and sold it in 2003.
Business is in his veins, and he is passionate about success and the brand he has helped to create. Another passion is rugby having played in the UK and Spain, also coached in Spain but injuries and old age has finally caught up!
Mervyn Hughes - Director.
From the age of 25 started 2 manufacturer business, conservatory and garden rooms and fitted kitchens. Build this up and sold out for substantial profit after 10 years. Owned and operated 3 Mexican themed restaurants in Kent again sold out to a national chain. Joined a national company as Sales Director responsible for 30 salespeople with a turnover of 10 million plus. Invited to join LaSalle one of the UK largest companies dealing with mergers and acquisitions as regional director with deals in the 5 million plus sector.
Stressed out at the age of 47 went to Marbella to open a professional business brokerage, joined and merged with Nigel Fitzpatrick in the Costa Blanca to form the largest and most trusted professional business brokerage in Spain. The rest they say is history.
Daren Martin - Director.
Having studied at Royal Tunbridge Wells Grammar school for boys I moved quickly into the Stockbroking business I was quickly into the financial options field and exchange traded options where I traded various different exchanges throughout the world I finally ended with 15 years on the LIFFE where I was a Director of the then SwissBank Corporation (later to be Union Bank of Switzerland)With the exchanges swapping from open outcry to computers I set up a firm using electronic trading platforms but decided that it wasn't for me after a couple of months.
From there I have ran several small business in the UK from selling telephone systems to lodge homes, and I am passionate about business and helping others fulfil their dream.
About 7 years ago I had kidney failure and decided to move to the Costa del Sol where I embraced the opportunity to become a Director of Business Broker Spain.
Alejandro Scholtz - Associate Partner, Malaga City & Almeria.
Alejandro E Scholtz is a serial small business owner turned business broker by pure good old trial and error. Having recently moved from Miami Beach where Alejandro bought and sold several internationally recognized Quick Service and Health & Fitness franchises he owned, Alejandro has made a profession out of the confusing and error intolerant process that is acquiring and selling a functioning business. He studied Business Administration at the University of Colorado and received his MBA from Babson College. In his free time, Alejandro enjoys playing golf, cooking things he has no idea how to cook and reading at the beach. Grateful for an amazing group of Coworkers and Mentors at Business Broker Spain, Alejandro makes sure that buying and selling a business feels more like going prepared to the beach than trying to slay a beast.
Kevin Cook - Associate Partner, Costa Blanca South.
Kevin is professional business manager with wide ranging experience of working with blue chip companies in the private sector, the military, and local government. He studied for his MBA at Durham University Business School, with a focus on entrepreneurship. Kevin loves seeing new businesses get off the ground and thrive.
Kevin has a real affinity with Spain and loves to travel. He enjoys most sports particularly rugby, golf and football and strives to keep fit at his local health and fitness centre.
Don't just take our word on how professional we say we are, read what our clients and associates have to say about us.
Infinity International are pleased to be associated with Business Broker Spain, and have worked closely with them for the past 7 years helping their clients exchange currency for their purchase. We have found Business Broker Spain to be professional and hard working and always with their clients interests at heart, and we have no hesitation in recommending Business Broker Spain for your business purchase or sale.
Business Broker Spain have recommended Monfort y Bonnell to their clients to oversee the purchase of a business, NIE applications and conveyancing. I, Xavier Monfort of Monfort y Bonnell would like to assure you that Business Broker Spain are trustworthy and professional in all they undertake, nothing is too much trouble for their clients. Xavier Monfort, Lawyer. Monfort y Bonnell.
ComTel International recommend Business Broker Spain to act on your behalf, they are very well established and the market leaders in the business transfer market in Spain. We have provided Business Broker Spain with their National & International numbers and vPBX, with all their staff using mobiles for all their office communications, saving approximately 65% on call costs.
Nigel went the extra mile throughout the process, from helping me to arrange an itinerary of prospective purchases, through weighing up the pros and cons of the businesses to ensuring my chosen business purchase proceeded smoothly for me.
Nigel's assistance in helping to make the contacts required here in Spain, even after the business purchase had been completed, proved his dedication to his clients, willingness to help and the emphasis he places on client after-care.
Nigel is trustworthy and very passionate about his business and really works hard on his clients' behalf to ensure their dreams come to reality.
I have no hesitation in recommending Business Broker Spain to anyone that is considering purchasing a business in Spain.
Selling your business can be daunting if you have not experienced it before. Therefore it pays to have a broker that understands your needs and the process from instruction to completion.
Business Broker Spain has a wealth of experience in Spanish business sales; its Directors have over 25 years combined experience and sold their first business to a family from the UK in 1990. Time and experience has taught us that majority of our clients have two major expectations. Firstly, discretion and confidentiality and secondly they seek the best possible price for the hard work, dedication, commitment and most importantly financial investment made over many years.
Speaking both English and Spanish the team have been residents of Spain since foreign nationals began to make investments in Spanish businesses. During this time we have assisted many clients identify suitable businesses for sale throughout Spain.
It is also worth noting that the team have significant business sales experience internationally, having developed business transfer agency (business broker) networks in the UK, Cyprus, South Africa, Russia, Netherlands and Eastern Europe. Our marketing power is unrivalled, and our aim is to give your business the best chance of selling by reaching markets all over the world.
You may be surprised at just how much your business is worth and as we provide a FREE pre-sales valuation without obligation then clearly you have nothing to lose and everything to gain by arranging for a Director of Business Broker Spain to visit and discuss your marketing options. Discretion and confidentiality is of the utmost importance and we are therefore happy to meet with you outside of normal business hours or when you business would normally be closed.
When thinking of selling your business speak first with Business Broker Spain, our market reach, decades of experience and first class service means that your business is indeed in safe hands! We are pro-active and our deal team respond to inquiries in less than 12 hours and go to great lengths to qualify buyers, organise and accompany viewings. We handle the negotiation process and we will endeavour to get you the best price possible.
Nothing to Lose and Everthing To Gain. Contact Us Now at firstname.lastname@example.org
Purchasing A Business in Spain
Buying a business in Spain is a relatively straightforward process, particularly if you are well advised and are dealing with professionals with first hand experience in the market. Here at Business Broker Spain, our management between them have more than 25 years experience in the sale of businesses in Spain. We doubt sincerely whether there is another agency with this level of expertise. From the sale of their first Spanish business in 1990, our Directors have advised in the sale and purchase of literally thousands of small and medium businesses throughout Spain. As a buyer you have no fee to pay us, all of the businesses that we sell are commission inclusive with all of our fees being paid by our vendor client’s.
Business Broker Spain offers impartial advice and helps you through every step of the process, and the golden rule we tell all clients is this “If you wouldn't do it in your own country, don't it here”
Many people forget to use their brains, or actually leave them on plane! Our role is simple, we provide you with sound advice and recommend quality legal representation if needed to help you avoid the pitfalls.
Our services to buyers include all of the following and more!
Personal Guidance and Viewings
Supplier Negotiations – if you are buying a bar or a restaurant, you will want to make sure that you get the best terms from your suppliers. Our contacts and expertise will ensure that you can buy your products at the best prices thus making certain that you run your new business as profitably as possible.
Lease Negotiations – we will negotiate favourable lease terms with the landlord of your business where the business to be purchased is in rented premises.
Conveyance Introductions – it is essential that you obtain good legal representation and from someone that speaks your language.
NIE Numbers – in Spain we each have individual financial identification numbers, much like your Social Security numbers in the UK. For foreign nationals this number is called your NIE (Numero de Identification de Extranjeros), once allocated this number is with you for life and is both your VAT registration number and personal ID number. You will need this number prior to opening your new business and an important part of our services to new buyers is to guide you through the simple process of acquiring it.
Guide to Purchasing a Leasehold Business
Firstly obtaining finance from a bank to purchase a leasehold is very difficult in Spain unless you are can to guarantee the business against a property. The agreed price you are paying for the leasehold is paid in full on signing of the purchase contracts and the lease agreement with the landlord. In normal circumstances a deposit of € 8,000 or 10% (whichever is higher) is payable. The deposit secures the business and it is non returnable. Completion of purchase can be done within 10 to 14 days.
Standard Length of Leases
The normal lease length is 5, 10, 15 or 20 years, on a rolling contract.
You have an automatic right to renewal of the lease providing you pay the rent on time and keep within the terms of the lease.
During the Lease
• Payment of the agreed rent on a monthly basis will be made.
• The business can be run in accordance with the terms of the lease (i.e. as a bar or shop).
• Refurbishment of the premises can be made to the décor etc., but any structural work permission from the landlord will be needed.
• Utility charges are the responsibility of the leaseholder
• The landlord is responsible for external repairs.
• The rent will increase only by the rate of inflation each year
• On renewal of the lease, negotiations on a new lease price and term will commence approximately 2-3 months prior
• Upon renewing the lease you do not have to pay again for the business.
Selling the Lease
Normally you can sell sell the lease within a certain time frame of commencing your new lease contract with the landlord and the landlord will have in the contract that you will pay him a percentage of the price you sell for. Permission will normally have to be granted to sell from the landlord and he has the to agree to the new prospective tenant.
Purchasing a business freehold, it is exactly the same as buying a home in the UK, it's no different, you will receive the deeds to the property. Obviously you then can lease your building, and generate an income from it.
Contact us now at email@example.com