CANARY ISLANDS RECOVERY
The Canary Islands have been seeing a welcome economic recovery this summer, fuelled by the growth in tourist numbers. Official statistics are supported by further evidence from businesses who report a surge in sales. Increased sales are likely to lead to a recovery in the commercial real estate market and a rise in prices of businesses for sale in the Canary Islands.
Read more: Canary Islands RecoveryTenerife Business on Facebook
When you start running your new business, you’ll need to start letting everyone know about it! Marketing can be expensive, especially when you start buying advertising in newspapers or building a website.
One of the most cost effective ways of marketing your business in Tenerife is to use Social Media to make your mark and let your customers know what’s happening in your business. To give you a head start, here is a list of Tenerife businesses on Facebook with a link to each of their pages or profiles.
Read more: Tenerife Business on FacebookBusiness, negocios, Geschäft and bedrijf in Tenerife!
The most recent statistics about where Tenerife’s tourists come from make interesting reading for business owners in Tenerife. Behind the headline totals lurk figures that should be a strategy defining guide to the more astute business owners in Tenerife.
Seasons in the Sun
Tenerife is well known for having beautiful weather throughout the year, and it is our perfect climate that attracts tourists. That makes Tenerife unique as a holiday destination, and quite exceptional as a place to run a business. Even so, there are seasonal changes in the numbers of tourists who visit the island, and even more interesting for a business: there is also a seasonal change in the type of tourists that visit the island.
The Right Time for Tenerife Business
Its no good being in the right place at the wrong time, but that’s just what happens to many new business owners in Tenerife. You might be used to the world around you operating at certain times, but when you do business in Tenerife, you’ll need to adjust your watch!
The Three Fs of Tenerife Business
Everyone who has worked or run a business in Tenerife is well aware of the word, “Mañana”. It is used in all sorts of contexts, but the result is always the same: delays. Faced with all sorts of delays, the first word on a business owner’s lips may begin with ‘F’, but it will be too little, too late. In order to beat the mañana culture, a Tenerife businessman needs three ‘F’s before he even starts his enterprise.
A Rough Guide to Business in Tenerife
Even if your business is focused at foreigners and the tourist market, you will still come in contact with Tenerife’s business culture. Understanding some subtle differences in how we do business can put you ahead of the game.
Hotels for Sale in Tenerife
Interest in Tenerife hotels for sale has accelerated as hotel groups from around the world look for bargains within one of Europe’s most successful tourist markets.
Sandos Hotels and Resorts, who have properties in Mexico, Lanzarote and Costa de Sol have increased their portfolio by purchasing the five star San Blas Reserva Ambiental Hotel in the south of Tenerife.
Other deals in the making are likely to be concluded in the next few weeks and months.
Business For Sale In Los Cristianos : the Best of all Worlds
Los Cristianos is where Tenerife tourism began in the South of Tenerife and the area is still going strong several decades later. Locating a business in Los Cristianos brings great advantages because the area has the highest resident population of the southern resorts as well as very high repeat visitor rates. A business for sale in Los Cristianos will therefore be amongst the most sought after in Tenerife.
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!
How to Prepare a Tenerife Business Sales Information Pack
If you want to sell a business in Tenerife, then the first step is to prepare a sales information pack. Serious buyers ask questions, and if you haven’t got the answers ready and waiting, then not only will they see you as unprofessional, they will lose patience. Delays in acquiring information and supporting paperwork cause suspicion, and that means lost buyers: Preparing a good information pack is vital if you want to get your Tenerife business sold.
Read more: Business Sales Information Pack3 ways to get your Tenerife business SOLD!
If you’re serious about selling your Tenerife business, then good of preparation will not only get buyers to your door, but it will also raise your chances of selling when they enquire. Prepare now and your sale will go through smoothly. Leave it to the last minute and even the smallest delay may lose your buyers attention... and they’ll buy the business next door instead!
Seller's Starting Guidelines
Selling your Tenerife business could be a lengthy and challenging process. By taking the decision to market your business you have most likely concluded the time is right for you to take on your next challenge, so you want to move fast and achieve a successful sale of your Tenerife business for a good price. The process of selling a business is more complicated than a comparable house or apartment sale. It requires greater involvement and a deeper knowledge of local requirements and regulations applicable to Tenerife businesses, professional standards when dealing with sensitive confidentiality issues, tax matters, liabilities, licensing requirements and much more.
Read more: Seller's Starting GuidelinesHow to choose Your ideal Tenerife Business
Running a successful business in Tenerife is the same as in any other place or country – it requires thorough preparation, lots of hard work, enthusiasm and a high level of commitment. Once you have decided to go into business in Tenerife for yourself, you have already taken the first big step. There are lots of different Tenerife businesses on offer, but before you rush into something which looks very tempting, there’s a lot to consider. Making the right choice of a business that will match your personal needs, capabilities and future aims is the most important first step on your way to success.
Read more: How to choose Your ideal Tenerife BusinessBusiness Legal Structures
Your new Tenerife business will, by law, need an administration and tax reporting structure. Whether you are buying an existing Tenerife business or planning to start a new venture from scratch you will need to decide during the planning phase, the most suitable type of legal structure which will suit both your short-term and long-term business aims. There are many kinds of business entities in Spain, each type is regulated differently and has its own rules. Your liabilities, responsibilities, accounting requirements and taxes will all depend on the selected legal structure of the business. The cost and complexity of the procedures for setting up your Tenerife business will vary for the different legal entities. It is therefore highly advisable to use the services of a qualified professional such as tax and legal advisors (gestors).
Read more: Business Legal StructuresBusiness Buying Options
Buying an existing business in Tenerife can be advantageous, as along with the inventory of working equipment, fixtures, fittings and furniture one also acquires an established business concept and the goodwill and reputation built through years of operation and a loyal customer base, which is normally reflected in the past and actual earnings figures. Those factors along with the business location, size of premises, form of business ownership and future earnings potential determine the price of the business for sale. Most common options of buying business in Tenerife are Leasehold or Freehold business purchase. From the other hand, renting of business can be an alternative to buying.
Read more: Business Buying OptionsBuyer's Starting Guidelines
The majority of small Tenerife businesses for sale belong to the catering and entertainment industries. There is a wide range of establishments such as bars, cafes, restaurants, pubs, night clubs and discos. Also in demand are services around property sales, business sales, property rentals and property management, as well as professional services and specialized craftsmen. The process of property/business purchase or starting a new company will have its specific local regulations, which can be efficiently dealt with when using the services of local professionals, such as Tenerife business sales agent, Tenerife lawyer and Tenerife gestor.
Read more: Buyer's Starting GuidelinesUseful Information
Welcome to FRINA Tenerife business and general information pages. Here you will find information about general rules, regulations, traditions, common practices and habits, as well as our tips and recommendations related to buying, owning and selling business in Tenerife, relocating and settling down, as well as enjoying life on this beautiful island.
Read more: Useful InformationTenerife Business
Welcome to FRINA Tenerife business website, the extensive source of information and wide portfolio of Tenerife businesses for sale with general guidelines to help you make the right choice for your own successful business in Tenerife.
Read more: Tenerife Business for Sale - FRINA Tenerife - Business Sales AgentOur Services
FRINA Tenerife business services are based on the principles of professionalism, exceptional customer service and a high level of client commitment. Our target is to represent and protect the best interests of all parties involved in Tenerife business agreements. We have therefore tailored our service range to meet your, our customer’s, requirements, whether you are a buyer, a current owner or a seller of a business in Tenerife. Please, read more in the dedicated articles about our customized service range.
Read more: Our Services
