26-Nov-2024
Buy a hotel in Barcelona
Barcelona is one of the most popular tourist cities. In the best years, the number of tourists here exceeds the local population by 1-2 time...
Is it profitable to buy a restaurant in Spain? Is it worth investing in this business, how much can you start with, and what nuances do you need to know in advance? Let's look at the main aspects to help future investors make the right decision.
The average cost of restaurants in Barcelona starts from 500 thousand euros, although you can find cheaper options. The upper limit can reach 4-5 million euros and above. However, the cheapest options are not always profitable; as they say, free cheese is only in a mousetrap. The price of an operating business depends on the location, traffic and expected profitability. As a rule, the cost of a restaurant should include all the necessary documentation to run the business. It is important that the licenses are issued specifically for the premises, and not for the company renting it.
There are several ways to earn income from purchasing a restaurant. Firstly, you can rent out the premises. It is especially beneficial if you already have a tenant, and this is a chain enterprise, for example, a global fast food brand, which is the dream of every owner, since such tenants are considered the most reliable. Rental income in Barcelona and similar cities usually averages from 3-4 to 5-6 percent per annum, depending on the success of the chosen investment property.
An alternative option is to manage the restaurant yourself. This requires experience in this field and local knowledge. Opening your own restaurant is not always an option for a foreigner who has recently moved to Spain. Although owning a business usually generates more profit than renting, it is not guaranteed. In addition to income from renting out premises, an investor can make money from the growth in the value of the property in the future.
We recommend starting your search for a restaurant to buy in Spain with our private database of the best deals in Barcelona, one of the most attractive places to invest.
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