Buying a Business

Your decision to buy a business will be exactly that… YOURS.

You will not, at any time, be put under pressure to buy. By using Balearic Business Centre you can be assured that we will always offer you impartial, independent advice.

We are here to help you find the right business and believe in pointing out possible pitfalls rather than allowing you to blunder into a potential disaster because you are unaware of Spanish regulations and requirements.

The Process

Once you have decided to proceed and the purchase price has been mutually agreed with the seller, a very simple ‘option to purchase’ contract is drawn up by us and written in English.

This contract will state the terms of the agreement between the parties, identifying the buyer(s), seller(s) and business. It will show clearly the agreed purchase price and the date set for the completion of the transaction.

At this point you will pay a deposit, usually 10% of the price of the business (occasionally this can vary as it may be subject to the price of a business and the time frame for completion). This money is held in a specified client account and should problems arise with licences, etc, then it is returnable.

When signed, this contract is binding and guarantees you, the buyer, that the business has been withdrawn from sale.

Your legal representative will now check licences, arrange transfers, negotiate lease/rental terms where applicable and deal with any other aspects such as escrituras (deeds) etc.

All fees for these services are payable directly by you to your lawyer. There are no fixed scales as every purchase can be different, however one may expect to pay between €850 and €1250, plus any local taxes, IVA (VAT) which may be due.

Ongoing Support

Whilst the purchase is being processed and long after we will carry on giving you our first class service: helping you to find accommodation, staff, amenities, etc.

And, as you settle in to your new life, you can be confident in our Business Support Services.