Are you Buying business for sale in Valencia ?
Business for Sale in Valencia, or Traspaso, is a specific form of a transaction that combines both purchase and rental.
If you are planning to take over a bar, restaurant or other active business or need to arrange premises to carry-on a new business, you may well need to buy the ‘traspaso’ and to transfer the business and/or premises. This will allow you to benefit from the existing clientele or area where the premises are located and to start your business from a privileged position.
The mechanics of this transaction are very simple because the purchaser agrees to make a payment to the existing leaseholder or owner so he can take over the business or premises.
It is not the same as “buying a business” in some other countries. Traspaso is a transfer, where you get a right to continue operating on the same premises, with the same clients. But, as you are not buying a business, either outright or a portion of it, you start from zero. So, you need to sign another lease with the landlord, and if you decide to keep the employees, you will have to sign new labour contracts too.
You might benefit from all the equipment that will stay on the premises (unless specified differently), and also the licences if you are continuing the same activity. It can even happen that sometimes, the licences can be the sole motive for the transaction.
It is a type of leasehold, so there is no “goodwill” involved. The previous owner might be nice enough to show you his financial statements, but there is no obligation to do it since the real business is not sold. If you are changing the activity, you will also need to re-apply for all the licences needed for your type of business.
Buying Traspaso in Valencia could be a sensitive transaction from a legal point. Therefore, it is best to engage a professional real estate agency, like Valencia Property for Expats, to help you out. It is a purchase that you don’t want to be made without legal help.
Being predominantly a tourist destination, Valencia offers a lot of businesses for sale, mostly in the hospitality industry. But, there are various other options on the market too.
Buying Traspaso is sometimes the only way to get the most exposed retail space, in busy commercial areas of Valencia. Majority of those shops hardly ever come to the market as pure rentals and are usually transferred via Traspaso route.