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Euro Business Consultants

Information & Guidelines

(Established Over 18 Years)

We have been established for over 18 years as Agents/Buyers Brokers in the sale and lease of Spanish Commercial Property and are proud to be one of the longest established in this field.

We have observed the Spanish Commercial Property Market very closely over the years and especially the sale of Bars and Restaurants yet despite the Warnings and Free Advice we give to people in our Information Packs, they still go out and purchase or lease bars and restaurants through other agents which businesses turn out to be completely Unviable and the agents knew it!. Some agents care little about what they sell or lease to you or what happens to you and your family in the future. We Will Not list a businesses for sale or lease unless 1) there is a genuine reason for sale, 2) the business is in a good location and 3) the business must be Viable and stand up to scrutiny. Once we are satisfied with these three basic requirements then and only then will we offer the business to you. Remember, every business is for sale or lease for a reason!.

We do not advertise any Free Offers, Fancy Videos or Exaggerated Claims in a So Called Road Show or Seminar, but for those who are seriously thinking of making what could be the most important move of their lives, we will gladly meet with you here, to discuss the venture in full, answer all of your important questions and advise you as best we can. This initial meeting and important advice is free.

We are on hand as your Agent/Broker/Advisor before, during and most importantly, after any purchase to help and assist our Clients. We further explain all aspects of running your new business in Spain and ensure or have assurances from others that all of your paperwork is in order, legal and that you are properly represented.

This Information Pack has been written by myself, Noel Philip Lynch, I am now going into my 18th year in the business but never lose sight of the size of the move you are considering and meet with most Clients personally both here in the UK and in Spain.

What You Should Know

Many people have left the UK to set up business and a new home in Spain, most are happy with their move and have an excellent new way of life. However, it is not something you go into lightly, a great deal of planning is required to make the move as smooth and successful as possible. You only get one go at it!.

SELECT THE CORRECT BUSINESS: - Find out as much as you possibly can about the business, why is it for sale?, how long had the last people been there?, how long has the business been established?, is it in a good location with all year trade?, Is the business trading well?, (Business we list are all trading and/or viable otherwise we do not entertain them). Who owns the business, does the seller have the right to sell or lease the property. Has the Landlord been informed of the transaction, is the rent up to date, if not then, it could be that the previous people struggled. Is the property/business free of all debts. These are just a few of the most important thing to look out for, we have a much larger check list which we complete for our Clients, that is what we get paid for. We check all as best we can but very occasionally people lie to us. We cannot make provisions for this or be responsible for it but their lies do catch up with them. If you 'go it alone' or use an unscrupulous agent the you could be going in to a transaction blind and asking for trouble. Be sure that you have a Legal Representative, you would not buy a house or business in the UK without one so why do it in Spain. Use an Independent Legal Advisor who is not connected with either Agent or Seller. Do not part with any money until your Advisor says it is safe to and all the checks are carried out to his/her satisfaction.

PURCHASING THE BUSINESS: - Once you have decided on a business, do not be forced in to paying a deposit on the pretence that you may lose the business if you don't. Get the checks over with first, most of the business we list are already pre-checked and we know all about them. It is far better to lose the chance to buy a business than to lose all your hard earned money, so don't, under any circumstance, be rushed. It never fails to amaze me the amount of people who are ready to believe a person they have never met before and in doing so, put themselves and their families at risk. Don't get carried away in the heat of the moment or at a drinking session, keep a clear head, there will be plenty of time to celebrate after you have made the right decision. Even if you don't go through us, we will be pleased to check out any business for you or act as your 'Buyers Broker' working for you on your side. We have prevented people losing money in the past, some agents don't like us for it. If you leave nothing to chance then, your purchase will be safe.

What You Should Know (2)

THE CONTRACT: - Before any contract is signed or money handed over, you need to know what comes with the business, so, together we take an inventory of all equipment etc that is included in the sale, this inventory then becomes part of the contract. In some cases we may hold back 10% of the sale price until and on completion day, we have checked the inventory just prior to take over and once we are satisfied with all of the checks. Contracts must be straightforward and where possible we try to have them all in English and understandable.

MOVING IN - TAKING OVER - In most cases the outgoing owners stay on to instruct the new owners at no charge for a given period so as you are familiar with how the business runs, where all the switches and plugs are etc, who are the suppliers and on what days they call. On take over we will supply you with a guide on running a successful business in Spain, written by the writer of this Information Pack which you should find invaluable. We can help you organise your official opening party which usually takes place some time after you take over, giving you time to settle in to a system. These parties are always well attended by local traders, ex pats and the general public alike.

TAXATION - Is similar to most European Countries except, I have never to this day heard any Bar Owner complain at how much he/she has had to pay on the good profit they have made. We will, of course, introduce you to a professional who will take care of your books and accounts which will free you to concentrate on the business and making money.

HEALTH CARE - Spain has a First Class health care system with the most up to date and state of art hospitals and clinics. I was rushed as an emergency and spent some time in a Spanish Clinic where I was treated by what I can only describe as Experts who, to this day. I am grateful to for my life.

LICENSES - WORK PERMITS ETC - As a National of an E.C. Member State, it is your right to work and live in another Member State and to be afforded the same treatment as a National of that State. Fortunately, I have studied Basic EC Law and am fairly familiar with the Treaty and many of it's Directives and Regulations and am happy to say that, people leaving the UK to set up business in Spain will now find it much easier than in the past.

SCHOOLING FOR YOUR CHILDREN - Schooling for your children is vitally important as is their being settled in their new environment. There is a wide choice of either State or Private schooling. We will be pleased to advise on which we consider best for your children, take you and introduce you to the Principals of the schools in order that the children are settled. If the Children are not happy and settled then neither will you be.

What You Should Know (3)

LIVING ACCOMODATION - Most new business owners on their arrival in Spain move into a nice comfortable and fully furnished apartment near to the business. We will help all our Clients locate accommodation. The cost of accommodation obviously varies depending on where you want to be, the amount of rooms and the style. An example would be a 2 bedroom model averages around £400.00 per month.

LANGUAGE - You will be pleased to hear that in most popular resorts English is widely spoken so it is not vital that you speak Spanish, however, it is a nice language to speak and can be rewarding to learn a little. Children will be speaking fluent Spanish in around 3 months, sometimes less.

BAR - BUSINESS OWNERS - EX PATS - Bar and business owners have their own associations in most resorts and hold regular meetings and events, there are also a wide range of English newspapers that are printed locally, satellite TV is widely available and on in most bars.

OUR FEES - WHO PAYS US?.- As with most Agents/Brokers, our fees/commissions (similar scale to those charged by Solicitors) are normally paid by the seller and as in most countries, this is built into the sale price and only becomes due once the contract to buy/lease has been signed. However, you may wish to employ us as your 'Buyers Broker' where we work for you alone and charge you a fee which is normally a percentage of the sale price. This fee and sometimes more, we negotiate out of the Seller. This is the system widely used in the USA and other countries which buyers prefer. I can let you have more details on becoming your 'Buyers Broker' if you wish.(85% of Clients now opt for this scheme) The important thing to remember is; we have NO HIDDEN CHARGES.

TRANSPORTING YOUR PERSONAL EFFECTS - There are many companies who specialise in transporting your personal effects. We would be pleased to put you in touch with the ones we recommend. We do not advise you to bring all of your furniture with you as most English furniture does not fit in with Spanish architecture and design and costs a great deal to transport. PETS can be easily transported by road, rail or air and providing you abide by the import regulations are freely admitted to Spain. We can advise you further on this if and when you require.

In Conclusion

It has never been simpler to purchase a business in Spain, set up home and fulfil your dreams of a new way of life, many thousands have already done it and would not, under any circumstance, come back. If you are prepared to take notice of the advice we give and you work at your new business then, you will be rewarded in many ways.

Some people do fail, but they will be the first to admit that, they went into the venture with their eyes closed or took wrong advice from unscrupulous people. There are agents out there that care nothing about you, your family or your future. We are here to help you, that is what we get paid for and are with you before, during and after any transaction and have been for over 18 years.

Our experience tells us that you will have a mountain of questions and queries so please write them down as you think of them and do not hesitate in calling or let me know if you would like to meet with me to discuss the venture. It is a big move and it is nice to sit down face to face.

Despite the years I have been in this business I never lose sight of the enormity of the move you are considering and look forward to assisting you in every way I can.

Noel Philip Lynch.

N.I.F. Number X1144020T ©

Euro Business Consultants

6 Chadworth Ave, Dorridge,

Solihull, West Midlands,

B93 8SR

Tel/Fax/Voicemail: 01564 770383 Eve/Sat/Sun: 01564 774328 Mob:07768 637807

Email: noel@spainproperty.net - Website: www.spainproperty.net

Urgent Advice And Precautions From

Euro Business Consultants 2004

To: Clients Viewing Properties In Spain - Please Read This Before Going Further

The following advice is intended for your protection and to ensure that you have "Peace of Mind" whilst you are viewing properties prior to, during or after a purchase.

People who purchase Bars, Businesses etc in Spain through Agents who are resident in Spain have little or no protection whatsoever and virtually no comeback if things go wrong. Many Agents care only about their commission and not you or your family, despite the impression they may give.

Some Agents do not care what business you purchase and will tell you anything to get you to part with your hard earned money. When things get tough or go terribly wrong, some Agents are nowhere to be found. If you had to take action against an unscrupulous Agent in Spain then, you would find it very difficult and expensive.

Some purchasers, with the best of intentions, try to "Go It Alone" hoping to save a bit of money but invariably get caught and lose their investment. You would not purchase a property in the UK without proper advice so why do it in Spain. Be very, very cautious if replying to small adds you see in the Local Free English language newspapers whilst you are in Spain. Ensure that anyone you are dealing with is either licensed, has an A.P.I. number, is long established and is not just a privateer operating out of a car and a mobile phone and hiding behind a local Lawyer or pretending to be the Owner of the property.

We offer protection to our Clients, even if they are not viewing through us. We act as "Buyers Broker" for the Client, a system successfully used and accepted throughout the U.S.A. for many years and one we recommend you consider using if you are travelling out to view with us and/or any other Agents. If you travel out with us and wind up purchasing through another Agent and it all goes wrong, we could be held responsible for bringing you out in the first place. So we need to be on hand as your Broker to advise you against a purchase if we feel it is unsafe. We will be working for you for our nominal fee as your "Buyers Broker" ensuring that you get the purchase you want. If other Agents have nothing to hide then, they will not mind us being your "Buyers Broker" and should be pleased that we are advising you. We will often save you more than our nominal fee.

The Usual Duties of

A "Buyers Broker"

A "Buyers Broker" is retained by you to look after your interests and is normally a person who has particular experience in the Spanish Real Estate Market. A "Buyers Broker" will carry out many more tasks than an English Solicitor would.

He/She will locate properties/businesses/opportunities for you that meet your criteria.

He/She will negotiate on your behalf, the price, the contract and the conditions within it with any other Agents, Vendors or Lawyers.(or introduce you to a lawyer)

He/She will advise you in respect of any property or purchase and use his/her best efforts to ensure that you are protected against any transaction that is felt would not be in your best interests or to your best advantage.

He/She will arrange Inspection Flights and accommodation for you and your party at the most reasonable cost and pass on any discounts offered to you.

Every effort is always made to ensure that the cost of the Inspection Flight and accommodation is as reasonable and comfortable as can be obtained.

He/She will investigate and inspect any property under consideration and report back to you with the findings.

He/She will ensure you receive professional advice on all legalities in connection with running a business in Spain and that all of your paperwork is checked by these people and in order.

He/She will ensure that you become familiar with the area in which the business you choose is located.

He/She will be on hand to assist and advise you in the UK, when you are viewing in Spain and be available for further advice after you have taken over the business.

He/She will act as "Escrow Agent/Stakeholder" in the transaction and not release any funds to any other Agents/Vendors until such time as all conditions have been satisfied.

He/She will gladly notify any other Agent that He/She is retained as your "Buyers Broker"