Selling a business in Spain
April 13, 2018 (Investorideas.com Newswire) Every year more and more foreigners are attracted to Spain to start a new life here due to its warm climate, historical heritage, good business infrastructure. Although sometimes foreigners can face difficulties due to mentality difference, bureaucracy, often delays and cultural difference, Spain still remains a very popular jurisdiction.
Thus, buying a business in Spain is always a good option for foreigners wishing to start their new life in Spain. A foreign investor may be interested in buying a small company, a hotel or a restaurant in Spain usually functioning in a form of limited liability company. So, if you have a functioning business for sale in Spain you can try to sell it to foreigners seeking to set up a business in the country and make good money.
Buying and running a business in Spain is still an attractive option although things have changed over the last 5 years. In Spain unemployment is very high, many businesses have closed but the strongest ones have survived and new ones will continue to be founded. Despite all the disadvantages the experts say that the Spanish economy is sustainable and good enough to start a new business. It is certainly no harder to survive financially in Spain than in some other European countries, e.g. the Netherlands, The United Kingdom, Norway etc.
In the process of selling your Spanish business you will likely come face to face with some agencies asserting they can sell your business to an overseas buyer for more than it is worth. Be careful, check the reputation of such an agency and make sure the promises are in compliance with the real results of their work.
It should be kept in mind that advertising your business sale overseas is not always the best way to sell your company. If you are selling a business in Spain, you should know that foreign investors are wary about buying directly from the owner of the company and they prefer to work with professional intermediaries with a good reputation. Since they have no idea what debts or reputation are attached to the business, they are afraid of many pitfalls, and losing everything. Advertising will cost as much if not even more than it does in Spain but it is not always efficient and often result to simply wasted money.
That is why if you have a business for sale in Spain it is recommendable to be in cooperation with a professional agency of business sale. Such an agency will help you to perform the due diligence procedure and help with other procedures necessary for selling business in Spain. Moreover, selling your business is a very important decision. And if you decided to sell your Spanish company, the first question you have to answer is how much your business is worth. You can be sure the potential seller will try to find out why the owners are selling the business, especially if the price seems reasonable. For this reason, the seller will try to get at least two independent evaluations of your business.
Therefore, in this case only professionals can assist you in selling your business, in evaluating it and in fixing its market price. It is important to eliminate all possible surprises before placing your company in the market. Review each aspect of your business and solve any problem that may show up during the sales process.
Author: Olga Bogdanovič
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