Your Tenerife Business Sales Agent and Adviser
THE TENERIFE DREAM
Do you also dream about living in Tenerife? Every year more than 5 million people visit the island to enjoy some days or weeks without stress in the healthy climate and amazing nature with mountains, beaches and sunshine year round. But this can be more than a holiday dream, it can be your everyday life. The tourist market of Tenerife is evolving every year and offers many opportunities whether you have the heart of an entrepreneur or wish to run a small bar.
BUYING A BUSINESS
Your first step is to decide what kind of business would suit you. Do you see yourself behind the bar pouring pints, working in a hair and beauty salon, running a water sport excursion, renting out cars or motorbikes, or perhaps bringing all the above with supplies?
Next step is to find a good business agent who not only provides you with several options to buy but also guides you through the process of relocating, budget planning, introduces you to the right accountant to get all formal paperwork right and finally protects you against fraud.
When you find the perfect business, your agent negotiates the price and terms on your behalf and finds the best agreement between you and the vendor. Then, you sign the reservation contract and pay a deposit which the agent will hold until the sale is completed. Hereafter, you have some time to get settled before signing the final contract, it can vary from a few weeks to some months depending on your wishes. The day you sign the final contract you get all licenses transferred to your name, get the key and officially become your own boss.
The most commonly asked question before relocating is, how do I manage the language barriers? But do not worry it is very easy to find English-speaking pharmacists, hairdressers, employees, accountants, neighbors, schools, etc. The South of Tenerife is an amazing mix of cultures and languages.
It is a big decision to relocate, but once the decision is made you should move forward and focus on how to make it work. FRINA Tenerife is your professional business agent and we will make it happen.