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 RecoveryA Guide to business in San Eugenio and Torviscas
If you want to do business in the heart of Playa de Las Americas, then San Eugenio and Torviscas are the areas to look at. They form a hub position in the middle of Tenerife’s busiest tourist resort, and businesses in the areas are some of the most prosperous on the island.
The 3 BIG Tenerife Business Inventory Mistakes
If you are considering buying a business in the Canary Islands, then you will want to know the three most common inventory mistakes that buyers make. Although new owners will scrupulously read the inventory and compare it to the stock, machinery and physical items attached to the business, they often completely neglect the marketing assets. The three types of marketing assets you will read about below can be far more valuable than any of the equipment in a Tenerife business, and often they will be far more useful to a new business owner.
Read more: The 3 BIG Tenerife Business Inventory MistakesTenerife 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 in Puerto Santiago and Playa la Arena
Puerto Santiago and Playa del la Arena on the western coast of Tenerife are in many respects an undiscovered area for foreign business owners. For many who live on the island or visit, they are small towns somewhere on the road between Playa de las Americas and los Gigantes. For those who run businesses there, it is a prosperous, cosmopolitan hub.
Business, 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.
Cash in on Golf Tourism in Tenerife
If you have a sound commercial head then changes in tourism trends will signal business opportunities in Tenerife. You may already know that golfers make up the most lucrative tourism market sector, and the good news is that their numbers are growing.
The Trouble with Hotels for Sale in Tenerife
The trouble with buying hotels for sale in Tenerife has been finding them! Until recently investors looking for hotels in Tenerife have had difficulty in finding out what properties may be for sale, and even more problems finding information about them. Fortunately, we are happy to announce that these are problems of the past.
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.
Which comes first, Business or Property?
Most people move to Tenerife to improve their lifestyle, and this tends to be uppermost in their minds when they make decisions. It is hardly surprising that so many people fall into the trap of ensuring that their home and lifestyle in Tenerife are organised before they have put in place the means to pay for it.
Buy a Business or start a new one?
One of the most common questions people ask themselves is whether it is better to buy a business in Tenerife, or start a new one from scratch. The reason why most people start a new business rather than buy a Tenerife business for sale is because they think that this is the cheaper option, and therefore lower risk. But is this really the case?
Doing Business in Adeje
Adeje is one of the most prosperous municipalities in Spain and covers an area of the coast that includes Playa de las Americas, Fañabé, la Caleta and Callao Salvaje – the whole coastline has been recently rebranded as Costa Adeje. Stepping back from the beaches, Adeje includes residential areas popular with expats, such as Roque del Conde and its administrative centre is the thriving town of Adeje itself.
7 Steps to buying a Tenerife Business
Summary of most essential steps in the process of choosing and buying your Tenerife business, includes information about the purchase process, price, deposit, contracts, property transfer, lawyer and sales agent.
Read more: 7 Steps to buying a Tenerife BusinessPalm Mar Business For Sale
Palm Mar is a small, self-contained sea front town in Tenerife, popular with residents and semi-residents who visit the island during the winter months. Although adjacent to the sprawling Los Cristianos on the coastline, the town is separated by Montaña Guaza, so there is no direct access between the two. For the residents of Palm Mar, this natural barrier is a godsend that separates this attractive town from its brasher neighbour.
Fanabe Business for Sale
Fañabé is the jewel in the crown of the new, rebranded Tenerife and draws tourists in huge numbers. Its popularity with tourists makes it an excellent location for business. If you want to enjoy the success of this area by investing in a Fanabe business for sale, then you will need to arm yourself with a broad understanding of the area.
Golf del Sur Business For Sale: Paradise For Business!
Golf del Sur could be considered a paradise for business. The type of market and its geography bring unique commercial advantages to this self contained and lucrative niche in Tenerife’s economy. A business for sale in Golf del Sur is worth serious consideration, and a pragmatic business mind will immediately appreciate the benefits
Business for Sale In Costa del Silencio
If you are looking for a business for sale in Costa del Silencio, then you probably have a good nose for a bargain and an investor’s eye for great potential. This area is in the midst of receiving millions in European, national and Cabildo investment with the intention of creating a ‘residential zone of tourist quality’.
Business for Sale in Puerto Colon: A Perfect Rainbow!
It should be Tenerife’s most prestigious and popular area, but it isn’t. Years of neglect have ensured that the Puerto Colon commercial centre works at a fraction of its potential. As we rise from a grim recession, prices of businesses for sale in Puerto Colon are as depressed as they will ever be. It’s a great time for buyers and not so good for sellers... but soon the tables may be turned.
Read more: Puerto Colon Business For SaleBusiness 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.
Business For Sale in Las Americas: A Changing Market
Business in Las Americas predominately serves an evolving tourist market. Changes in consumer demand combined with the revitalisation of areas within Las Americas have led some businesses to struggle while others prosper. With the right specialist business advice, new investors are best placed to take advantage of these changes as locals look to the past and lick their wounds.
Choosing the Right Area to buy a Business in Tenerife
Choosing the right area to buy a business in Tenerife is one of the most important decisions you will make. But unfortunately it is not as simple as you might think. Not only will you need to weigh up the economic viability of a particular business in an area, but you will also need to take into account your lifestyle. In the final analysis, however, it will be a poor lifestyle if your business in Tenerife cannot support it.
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 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 GuidelinesOur 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 ServicesFor Tenerife Business Buyers
Pre-selection and matching of your new business in Tenerife / Support in your decision-making process / Lead the negotiation of the price and contractual terms / Work closely with your appointed Lawyer and/or Accountant (Gestor) / Support and help in all your queries and required procedures / Continue with after-sales services
Read more: For Tenerife Business Buyers
