If you are considering the possibility of choosing a bar transfer in Barcelona, we will tell you about the main pros and cons of making this decision.
There is no doubt that this is a daily issue, as each person has their reasons for transferring a bar. Therefore, regardless of which side you are on, the following will interest you. Take a look!
Transferring a bar in Barcelona: pros and cons
The transfer of a bar in Barcelona is a procedure by which the current owner of the bar transfers the ownership and control of the business to another person, who will be in charge of everything.
If you are considering this possibility, these are the main pros and cons to consider:
5 pros
1- Lower initial investment
One of the most important pros to consider is that you have to face a lower initial investment.
If you plan to open a bar from scratch but have a small initial capital or do not want to make a big investment, there is no doubt that the transfer is more convenient for you. This way, you will have to spend much less money to get it ready.
You will have a good part of what you need to start the business. Moreover, in many cases it will be ready to operate directly.
2- Customer base
If you decide to open a bar from scratch, you have to start attracting new customers, but if you choose a transfer, you automatically acquire their existing customer base. You will not have to start from scratch to build a clientele.
This is undoubtedly a great relief for many people who do not dare to start completely empty-handed. Because you can start from a good base and, from there, make decisions to try to improve and continue to grow, and thus attract even more customers to your business.
3- Access to the previous owner's sales history
If you always dreamed of having a bar but do not know about hospitality or management, buying a bar that is already in operation can give you many clues and make things much easier for you.
By choosing a transfer of a bar in Barcelona, you will automatically have access to the sales history, to get an idea of the profitability of the business and make a better offer. It is important to try to be competitive.
4- Less waiting time for possible renovations
When opening a bar from scratch, you may have to wait many months before you can open. Renovations can be long and frustrating. Therefore, if you want to avoid stress and what you are looking for is to start operating as soon as possible, through a transfer, you have it ready.
The transfer is the best option if you want to start working from the next day. You can start earning income without having to do everything from scratch and wait months and months due to bureaucracy or possible work in the premises.
However, if you wish, with the option of the transfer you can also make the renovations you consider to make it look cooler. But you can also find bars ready to start working on them.
5- Less uncertainty
Another advantage of transferring a bar is that it may be less uncertain than starting with a new one, since the strengths and weaknesses of the existing business can be identified and worked on to improve it.
There is always room for business, and where there's a will, there's a way, making everything easier for you.
3 cons
1- Possible renovations and repairs
There are bars that are transferred in Barcelona that are old, but there are also new ones, barely a couple of years old. If the bar needs significant repairs or renovations, it can mean a series of extra costs that you did not count on when signing the transfer.
Our advice is to look very carefully because nowadays you can find everything. More affordable transfers that need a few improvements, but also turnkey, ready to start enjoying your bar. Make sure you choose based on your needs.
2- Changes in clientele due to change of ownership
Although this is somewhat of a myth, there are customers who stop visiting a bar when it changes hands. However, if you do things well and even offer an improved version of the establishment, it is very possible that not only will you not lose customers, but you may also attract even more customers to your new location.
3- Possible inherited problems
There are few things that are exempt from problems. Therefore, when buying an existing bar, you could be inheriting any business-related problems that you are unaware of. For example, past problems with staff, a bad reputation, etc.
Even when changing hands, these things may always remain in the background. If this is something that concerns you, it is important that you investigate and clarify it before signing over the ownership of your bar.
Conclusions
As you can see, transferring ownership of a bar in Barcelona is a type of business that is completely current and can work very well, allowing you to generate high profits if you want to make a living in the hospitality industry.
Of course, if it's your first time, it's normal to have doubts and not have considered many of the issues we address in the article. In any case, knowing the good and not-so-good aspects will allow you to always be one step ahead and make better decisions.
It's about betting on a project that works and that you're passionate about. Therefore, transferring ownership of a bar can be a very good option in a country like Spain, where we love bars and where this culture is well-established.
And you, why would you choose to take over an existing bar instead of starting from scratch? Remember, if you're looking for a bar to take over in Barcelona, contact us - we can lend a hand!