The most common way to buy a bar for sale in Tenerife is by purchasing a traspaso, or leasehold. A lease on a Tenerife bar includes the machinery, fixtures and fittings of the bar and will often take into account a certain amount of goodwill.
There are two options available to you when you buy a Tenerife bar. You can buy a lease and rent one, or you can purchase the freehold of the bar outright. In this article we’ll be asking if freehold is the best way to buy a Tenerife bar.
If you want to buy a bar in Tenerife, probably the first thing you will think about is the costs. You might have seen the price of a bar in Tenerife that you like, and you might think to yourself, “I can just about scrape that together,” but there are more costs involved than simply the purchase price.