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C&L
Mallorca.
We are a family run company selling commercial businesses mainly in the South West district of Mallorca. We first came to the island in 1971 and purchased a freehold premises in Magalluf which became one of the first British owned shoe shop in the South West. The shop became very successful and after a few years we purchased another one, after running both shops for many years we then decided to venture into the catering trade, this time in the town of Santa Ponsa. The Bar is still operating all the year round which is a meeting place for the residents and visitors in Santa Ponsa.
Thank you for visiting the website from C&L Mallorca, we hope this site will help you
to get a first impression of businesses to choose in Mallorca. The website contains information and legal requirements about businesses for sale in Mallorca. If you are interested in any of the businesses we can arrange an inspection visit.
CONCLUSION:
C&L have been serving tourism since 1971, we hope to provide you will all the relevant information on starting your new life in Mallorca, from the initial contact whether it is from the Daltons Weekly or our web site. C&L will guide you step by step in purchasing the business of your
choice and help you to enjoy and relax in the sunny Spanish lifestyle.
C&L Mallorca would like to take this opportunity to thank you for your enquiry
and look forward to meeting you soon.
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TYPES OF BUSINESSES |
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TRASPASO OR LEASEHOLD:
The Landlord rents his property to the leaseholder on a contract that is normally a period of five to ten years but has been known to have up to fifteen years depending on the Landlord. The rent is fixed in the contract and can only be increased annually by cost of living. If the rent is not paid for longer than a period of three months then the Landlord may terminate the contract but this can only be done through the courts system. Legal costs for the transfer of the lease are not included in the price of the business and vary significantly.
RENTAL:
Rental businesses are normally on a renewable year to year basis or depending on the
landlord a years rent in advanced can be asked. Legal costs for rentals are not included in the price of the business and vary significantly.
FREEHOLD:
Freehold premises are rare these days but are well worth having. If you were to purchase a freehold it means you would be buying the property outright and no rent is needed. The banks are happy to discuss a loan and will advise you of the necessary taxes which are to be paid to the government.
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FIRST STEPS |
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If you would like us to assist you in booking a flight or accommodation, we can do so, and arrange to meet you at Palma airport on your arrival. Once we have picked you up from the airport and settled you in your accommodation, we will then take you around the area of your choice and show you a selection of businesses within your price range.
THERE WILL BE NO OBLIGATION OR HARD SALES AS WE WILL BE WITH YOU EVERY STEP OF THE WAY.
Once you have decided on the business of your choice, we will draw up an option
agreement with the Vender agreeing the price, stock and time needed for completion.
A deposit of 10% of the agreed price is required and will be lodged in a client bank account, but will not be removed until completion of the sale. Should the Vender change his/her mind in selling then the deposit is refunded. Should you change your mind in buying the business then the deposit is kept by the Vendor. An inventory of all fixtures and fittings will be provided on completion.
UPON COMPLETION:
C&L will arrange all the necessary arrangements with the Landlord, Vender and
an English speaking lawyer who will have made sure all paperwork and licences are " free of debt ".
Normally there is a six week gap before completion depending on both parties.
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C&L AFTER SALES SERVICE |
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IF YOU WOULD LIKE ANY ADVICE WITH REGARD TO :-
* Banks
* Finance
* Insurance
* Accommodation
* Schools
* Lawyers
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* Taxes
* Flights
* Religion
* Health care
* Food & Drink
* Climate |
Please do not hesitate to ask as C&L have dealt with all aspects of family life and businesses in Mallorca or visit our useful links section.
C&L recommends initially renting an apartment instead of buying so you can decide where you would like to live and which area you prefer. With regard to banking we have a direct link to a popular Spanish bank Credito Balear - Mallorca
you can ask them any questions you need answering. Once again our after sales are there for you, if you are buying into the catering sector C&L can help you contact the food and drink suppliers and get the best discounts on the island.
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