BUYING A BUSINESS IN TENERIFE

Buying a Business in Tenerife

Tenerife is the perfect place to set-up a business, with all year round sunshine attracting thousands visitors and of course let’s no forget the residents

Disco in Central Las Americas - Only 25,500 Euros

Here are some of Sunway´s tips when thinking about setting up a business and being your own boss:

1 – Seek out advice – Speak to others who have a business in Tenerife, research on the internet, seek out the knowledge of estate agents, lawyers, tax advisors,etc.

This will enable you to fully understand the buying and setting up processes in Tenerife

Pizzeria in San Eugenio Alto, 49,950 Euros

2 – Ensure you have a business plan and budget set out – Is your idea viable & likely to work? Is your budget large enough? Do you have enough capital behind you to cover the preliminary months where income may be lower? Do you have the right location & commercial property in mind?

3 – Build your future – Be prepared to work hard, be creative and of course ensure that you give an excellent, friendly service with a smile and you are sure to succeed

Bar in Fañabe - 65,000 Euros

Now, the most important part, before you put any money into a business, make sure you check the following:

Opening Licence – Make sure the business has an opening licence in place and get a copy of it (there should be one available at the premises)

An opening licence will confirm what type of business the premises are licenced for and also show that the business is fully legal and registered

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Rental Contract – You must also get a copy of this, this will tell you:

- If the seller has the right to sell the lease

- The rental period left on the contract

- Whether the contract is renewable at the end of the current period

- The rental amount (usually monthly), when it is due and whether there will be any increases during the contractual period

- If and what fittings are included

- Who pays for what ,ie, refuse collection, rates, water, electricity, taxes,etc

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Contract of Sale – Also get a copy of this contract beforehand – You must read and understand everything in the contract BEFORE the day of signing.

The contract should specify every item which is included in the sale, terms and time scales involved and guarantee that the business is free of encumbrance, debts and liabilities

Finally, The signing of the contract and handing over of money should be done at the Notary

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Don’t forget that you can rely on Sunway to help you every step of the way, from finding the ideal business for you, to checking and arranging contracts, signing at the Notary and a full after-sales service at any time you may need us

We have some real bargain commercial properties available at the moment which must not be missed, check them out by clicking here

NOW IS THE TIME TO INVEST

NOW IS THE TIME TO INVEST, INVEST, INVEST

While the news seems to be doom and gloom everywhere you look, Sunway have got some fantastic news for you, although the property market in the UK has hit a slump, the situation in Tenerife is still booming with more and more property prices being greatly reduced, this is the perfect time to invest

It is no secret that Tenerife has amazing weather all year round and tourists visit in abundance with the island being voted as one of the top holiday destinations in the world

With the thousands of annual visitors and current reductions in property prices, NOW is definitely the time to invest in property on Tenerife with hundreds of properties on the market at below value prices

This means that investing now is a win win situation whether you choose to sell your property in a few years time at a profit or benefit from rental revenue all year round allowing you to make back the money you have invested in no time

For example, properties in the Parque Santiago complexes in central Las Americas are always in high demand and offer excellent rental returns, click on this link to see a video of one of the Parque Santiago complexes

So, you have decided to use an estate agent to help you find the perfect bargain property to invest in, but who do you choose?

That´s simple….. Sunway the Estate Agents,

with 25 years experience in the selling and purchasing of commercial and residential properties, we are one of a few agents on the island who have been in the business for so long and will gladly look after you from start to finish

Check out our bargain properties today, we are sure you will be amazed

Click here to view our 1,2 and 3 bedroom properties under 100,000 euros!

Get a free one week´s holiday today

We are currently offering the fantastic opportunity of a free holiday!

The stay will be in a lovely to studio apartment on a very sought-after holiday complex located right next to the beach and close to all amenities, you will receive a full week´s FREE accommodation should you purchase a property through Sunway Tenerife

10 REASONS TO LIVE IN TENERIFE

Although everything seems to be doom and gloom in the world at the moment with the recession, Spain still remains the second most popular destination for the British to relocate to and one thing is for sure, no matter the state of the economy, the 10 main reasons to live in Tenerife will never change, so here they are:

1 - Sunshine - Yes, sun, sun, sun, Tenerife has sunshine practically all year round, yes, thats pretty much all 365 days in the year! No wonder so many tourists choose to spend winter here!

2 - Cost of Living - The cost of living is relatively lower in Tenerife compared to the UK, in particular, food, alcohol, petrol and property, just to name a few

3 - Natural Beauty - Tenerife benefits of beautiful natural areas such as its beaches, mountains ranges, forests, coves and historic places to visit. Lets not forget its dormant volcano, Mt.Teide - well worth a view!

4 - Gastronomy - Forget your fish and chips and shepherd´s pies (although you can still have them over here), Canarian cuisine should not be missed, with lots of fresh fish, Canarian potatoes (boiled in salt water), mojo (a sauce made up of oil, vinegar, salt, red pepper, herbs, spices and lots of garlic, mmm), local cheeses and of course wine, wine and more wine

5 - Local People - What is good local food without friendly local people, you will generally find that the Tenerifians are generally very friendly, welcoming and generous people (especially is you live in a rural area, you are bound to be blessed with lots of homemade wine and grown produce!)

6 - Healthcare - The social services in Tenerife are among one of the best in the world and well, sunshine is a natural feel good factor

7 - Pace of Life - Tenerife enjoys a very relaxed approach to life, with lots of siestas and fiestas (bank holidays) to enjoy

8 - Culture - Tenerife generally has a fantastic culture with its tasty local food, historic towns and natural habitats, laid back way of life and friendly locals, relaxing outdoor culture and fantastic cultural events occuring all year round with the celebration of the virgin Candelaria and the annual Carnaval held every February, just to mention a few

9 - Outdoor Activities - You will find a wild array of outdoor activities which can be enjoyed in Tenerife, whether it be sailing, cycling, hiking, swimming, painting or golf from which there are 7 beautiful golf coures to choose from!

10 - High Demand in Property - Due to all the above reasons for living in Tenerife, more and more foreigners are choosing the island to reside in, therefore demand in property has remained high over the years and continues to do so, making Tenerife the perfect place in which to invest your money, whether to make a higher return on investment or through rental investments

So dont delay, visit our wide range of properties on our website today at www.sunway-tenerife.com and that´s not all!

We are currently offering the opportunity to stay in a lovely studio apartment on a very sought-after holiday complex located right next to the beach and close to all amentities, you will receive a full week´s free accommodation should you purchase a property through Sunway Tenerife

Contact us today for more information!

UP AND COMING AREA - TIJOCO

Now is the time to invest in Tijoco!

There are two main areas in Tijoco, lower and higher - known as Bajo and Alto
Both areas are typical Canarian villages where you will find a mixture of new and old properties or if you are a very keen investor you may like to invest in a plot of land in which to build your very own dream home.

Tijoco will provide you with a mixture of the old and the new, giving you the best of both worlds and nothing beats the stunning sea & mountain views and tranquility of the relaxing countryside, of course you must not forget the all year round sunshine which Tenerife is blessed with!

A future attraction for Tijoco is the Hoya Grande golf course for those swinging golfers and of course attracting even more tourism to the area´s 4 and 5 star hotels making it a very desirable place to be

You will also find a range of local restaurants offering Canarian cuisine and the neighbouring town of Adeje is only a 5 minute drive away, where you will find all everything you could ever need, supermarkets, schools, shops, furniture suppliers and so on and so on

Tijoco tickle your fancy?
We have a fantastic 3 bedroom townhouse available in Tijoco Bajo at the bargain price of 216,000 Euros



Please note! This property will only be available until the end of this month, so dont waste one more moment and contact us today to arrange a viewing