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    Tenerife Business » Useful Information » Buying a Business in Tenerife » Are Bargain Tenerife Bars Disappearing?
Updated: 11-04-2010

Are Bargain Tenerife Bars Disappearing?

It looks like both the weather and the economic climate are hotting up in Tenerife right now, which is great news for bar owners and a strong signal to anyone considering buying a bar in Tenerife. As the tourists return, their pockets once again lined with post-recession cash, profitability of bars is on the rise again. But if you are buying a bar, that means fewer bars on the market that want to sell up and higher prices to pay!

 

The rate of bar sales is rising, and according to local market analysts tell us that optimism and bar sales in Tenerife are linked. The more optimism there is, the more bars that are sold, and this certainly seems to be the case at the moment. This naturally has the effect of shrinking the total number of businesses to sell in Tenerife as well as reducing the number of new businesses put for sale.

 

But according to the blog Tenerife bars for sale, there are even more pressing reasons why now is the best time to buy a bar for sale in Tenerife. A combination of the World Cup, seasonal takings and the economy are all going to lead to a bumper season. Great if you already own a business in Tenerife. Not so good if you haven’t yet decided to buy one.

 

Official statistics are scarce, and will lag behind to report the recovery. However, there seems enough evidence from all sorts of directions that the local Tenerife economy is just about to take a turn for the better.

 

Rising hotel bookings indicate a rising number of tourists. Increased enquiries for property and businesses will add more residents to stimulate the local economy and give it a quick and powerful shot in the arm. Meanwhile removal companies indicate a rise in numbers moving to the island, a fact reinforced by reported increased sales in the ‘how to live in Tenerife’ publication, Tenerife Lifeline. Many of these new residents will be buying bars and businesses in Tenerife, putting more demand on the market.

 

Best advice to anyone thinking of investing in a Tenerife Business for sale at any time in the near future is to try to bring your plans forward and close a deal now! Bargain bars are fast disappearing and the time to buy a business in Tenerife is now, while there is a choice of good deals to be had.
 

By Irina Saltmarsh


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