Business startup or to buy

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gwhite2203
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Business startup or to buy

Post by gwhite2203 » October 22nd, 2015, 8:52 pm

Hi Guys

Looking to move to Menorca in a few years time but I want to try and startup or buy a business. I really want to contribute to the beautiful island.

If anyone has any ideas or knows of a business for sale or investment I would really love to know.

Thanks
Gareth :toasting:

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ladyrose
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Re: Business startup or to buy

Post by ladyrose » October 23rd, 2015, 8:20 am

Hi Gareth
So many folks have a dream of moving to Menorca.
Just be aware that work in Menorca is very hard to come by.
Make sure you do your homework properly.

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Sue Adderley
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Re: Business startup or to buy

Post by Sue Adderley » October 23rd, 2015, 10:55 am

Hi Gareth

This link show's you what's currently available on the Bonninsanso website : - http://www.balearicestateagents.co.uk/p ... z=&t=2&pz=

Good luck!

:toasting:

gwhite2203
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Re: Business startup or to buy

Post by gwhite2203 » October 23rd, 2015, 9:30 pm

Thanks Ladies

Will definitely do my homework LadyRose - we have been thinking about it for the past 10 years

Got close before but then things changed with kids etc so we deferred it.

Really want to buy an established business where the owner is retiring etc and there is a manager who can run it etc. I want to help create jobs and keep Menorca alive :toasting:

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Sunseaker
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Re: Business startup or to buy

Post by Sunseaker » October 24th, 2015, 12:26 pm

Before you jump into a ready made business you should be aware of the labour laws and running costs, especially for employees. Typically Spanish businesses run two sets of books one for the benefit of the tax man, and another for themselves evaluating the profitability is not always simple. Make sure you consult a good accountant before you commit as there is a lot of paying out every Month not only for yourself but for every person you employ.
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Re: Business startup or to buy

Post by ciaran » October 24th, 2015, 4:15 pm

If you have money to invest, I would buy a property in the UK to rent out, a much safer investment, depending how much & where you buy of course, hopefully you could live of the rent , & get a seasonal job in Menorca, :smile:
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