last year i invested 20.000 euros in a share of a bar here, i was lucky to get out with the 10.000 i was able to salvage by selling coffee machines and stuff. the bar lasted all of 9 months, and in my book thats quite a good run. most people here in mallorca are lucky to get 6 months out of a bar.
i would suggest you come to a town in spain, meet the bar owners, get the know them a bit. then come back the next year and see how many of those bars are still owned by the same person.
you will either be a big success or a massive flop. you need to know who you are, what you want and how to get there.
moving to barcelona without knowing any spanish or catalan is just like moving to london without knowing any english.
i cant speak for the main land of spain, but here in mallorca, if you want to open a bar, you best have a ¼ million euros.
60.000 to 150.000 for “traspaso” (a initial fee to get the bar)
1000 to 4000 euros a month rent.
200 to 500 a month for legal fees and “gestoria”
5000 to 10.000 for initial stock (less if not serving food, but less profit too)
200 to 500 a month for phone, sky TV, gas, electricity and general bills
and thats just what i can think off hand.
if you want to go for it, and are up for the challenge then go for it, its the ones who are willing to push hard that normally make something of it, but at the moment, i would say you have an 80% to 90% chance of failing and going home out of pocket.
in the 90’s, a friend of mine came here from germany after his father died, they had loads of money, when i first met them they lived in a 3 story house, they had a big restaurant that sold food and cakes and things. their bar was full every single hour of every single day, they worked their asses off. 2 years later, they moved out of the big house and downgraded to a large 4 bed apartment, they sold the bar and got a smaller place and sold less food and no cakes. now in 2010, my friend is a drug addict living in the back of a car with his mother.
you need to spend every waking hour of every single day planing and working on this if you even stand a chance.
im not trying to put you off or anything, im just trying to help by showing you a bit of the reality. it looks nice on tv shows like ’‘a place in the sun’’ and what not, but thats tv, reality is different.