Traspaso audit

A buy / negotiate / walk away decision — before you pay a deposit

  • Real revenue and profit — from documents, not the seller’s word
  • Debts, lease, licences and staff — risks visible before the deal
  • A fair price range and arguments for negotiation

Free 15–30 minute call · no obligation · Pick a time in the calendar →

on the buyer’s sideindependent of the seller and agent
1–2 daysexpress report
4 packagesfrom a checklist to full deal support

A traspaso audit is an independent check of a going business in Spain before you pay a deposit: real revenue and profit from the documents, debts, lease terms, licences and staff. The result is a “buy / negotiate / walk away” decision, a justified price range and a risk matrix. Four packages to match the size of the deal; an express report in 1–2 days.

What a traspaso is and why you should not buy one blind

A traspaso is the transfer of a going business together with the premises lease, equipment and usually the staff.

It is how bars, cafés, restaurants, salons and shops change hands in Spain.

You are buying a cash flow, not the walls — and that is exactly what a seller has most reason to embellish.

Employees transfer to the new owner with their rights and liabilities, and the lease may contain terms that only surface after the deal.

So what needs checking is the documents, not the seller’s or agent’s presentation.

Six risks that most often surface after the purchase

  1. Hidden debts to suppliers, the tax authority or banks that are not reflected in the contract.
  2. Inflated revenue and understated costs — “profit on paper” with no documentary support.
  3. A lease with a catch: a sharp rent increase or a short term with no renewal guarantee.
  4. Licences: fines, risk of revocation, or no way to transfer them to the new owner.
  5. Dependence on one or two key employees or customers who leave with the previous owner.
  6. Overvalued equipment and other assets.

What you get

A “buy / negotiate / walk away” decision backed by facts.
A fair price range based on real profitability and payback.
A risk matrix — financial, contractual, operational, staffing — with mitigation measures.
Questions for the seller and recommendations on deal terms: holdbacks, warranty clauses, payment structure.
In the higher packages, an action plan for the deal period and after the purchase.

Buying a business in Spain: traspaso or shares in an SL

An existing business in Spain is bought in one of two ways.

A traspaso is the purchase of the business itself: the premises lease, equipment and customer base, usually together with the staff.

Buying shares (participaciones) in an SL means buying the whole company: all its contracts, debts, tax history and obligations pass to you.

A traspaso does not wipe the business’s past clean.

Employees transfer to the new owner with their rights, and for debts to them that arose before the transfer the old and new owners are jointly liable for three years (art. 44 of the Workers’ Statute).

So a review is needed either way — for a company with several sites, a brand and contracts, that means due diligence.

Steps of the purchase

  1. Shortlisting and an express check of the seller’s materials — before any deposit.
  2. A deposit agreement (contrato de arras) conditional on the review, with deal deadlines.
  3. Audit: revenue, debts, lease, licences, staff; renegotiation based on the findings.
  4. Agreement with the landlord under the lease terms and transfer of the activity licence at the town hall.
  5. The traspaso agreement or share purchase — a transfer of SL shares requires a public deed before a notary; payment with a holdback if risks remain open.
  6. The first 30 days: staff, suppliers, bank and tax registrations in the new owner’s name.
  7. Timing: from choosing a business to signing usually takes several weeks; the review itself takes from 1–2 days (express) to 2–3 weeks (restaurant).

Buying a business on the Costa Blanca

Our office is in Villajoyosa, between Alicante and Benidorm.

Most traspaso listings on the coast are bars, cafés, restaurants and shops in tourist towns: Benidorm, Alicante, Altea, Calpe, Jávea, Torrevieja.

Coastal businesses are seasonal: the summer months can bring in most of the year’s revenue.

So we look at monthly figures for 2–3 years rather than the “best month” in the seller’s presentation, and work out what the business lives on in winter.

What to check closely on the coast

  1. Monthly revenue for 2–3 years and the share of the high season.
  2. Lease term and renewal: rents in tourist areas rise faster.
  3. The terrace permit and opening hours — issued by the town hall, sometimes on seasonal terms.
  4. Staff on seasonal contracts (fijos discontinuos) — they also transfer to the new owner.
  5. Dependence on a single flow of customers: a hotel, a tour operator, cruise ships.
Vladislav Panchenko, Founder and CEO of Finetic Consulting

Who does the check

Vladislav Panchenko

Founder and CEO of Finetic Consulting

Over 30 years of executive experience in corporate finance and operations at major corporations and banks with annual revenues exceeding $1 billion: financial management, strategic planning, risk management and corporate restructuring.

30+ years in financeMaster’s in EconomicsFinance MBA
About the team →

Eighteen business types in figures: price, payback, licences

Asking prices from 2026 listings and payback guides from our sector articles. Each business type links to a full breakdown with a payback calculator and a list of what to check before buying.

BusinessBuy a going concernOpen from scratchPaybackWhat decides
Café or baravg €75,000 (half €43,000–120,000)€80,000–150,000about 3 yearsActivity licence transferred to the new owner at the town hall; an owner who works in the business
Self-service laundromatabout €60,000€70,000–80,000 turnkey3–4 yearsMunicipal licence with environmental control; suitable premises, no staff needed
Car repair garageavg €59,000 (half €45,000–81,000)€30,000–75,000 mechanical; €65,000–155,000 body shop3–5 yearsRegional industrial register, municipal licence, hazardous waste; an owner-mechanic
Small hotel or hostalabout €97,000 per room; median 16 rooms for €1.85m—15–20 years with the building (4–6% a year)Regional tourism register; on the Balearics, tourist places are bought from existing properties
Campsite or glampingmedian about €865,000 (€190,000–3.5m)glamping €0.5–1.5m without land6–10 yearsLand and a licence from the region and the municipality
Restaurantavg €89,000 (half €50,000–130,000)€150,000–250,000 with own kitchen3–4 yearsLicence for a kitchen with extraction; staff; very sensitive to revenue
Beach bar (chiringuito)the pitch is not sold: won in a municipal tender; with a concession — about €1.5mfee from €18,000–58,000 a year + fit-outabout 2.5 seasons — if the permit is long enoughLength of the permit or concession: a seasonal permit is personal and does not transfer
Casa rural (business with accommodation)about €950,000 for 10 rooms; €560,000 for 5–8—decades at average occupancy (2–4% a year)Occupancy (27% a year on average), legal buildings on rural land, tourism register
Winery and vineyard€290,000–3.4m with land; a hectare €7,000–60,000—20+ yearsPlanting rights and DO, sales channel: bottle, brand and visitors, not bulk grapes
Supermarket or convenience storeavg €30,000 (half €19,000–60,000); supermarkets about €50,000about €150,000 for 150 m²about 3 years with the owner at the tillThe owner's own work: with a hired employee instead, 17–18 years; lease term left
Petrol stationavg €700,000 with land (half €265,000–1.25m)—about 7 years in our exampleMargin per litre and volume: 3 cents less stretches payback to 10.5 years
Language schoolavg €35,000 (half €12,000–75,000)€20,000–60,000about 2.6 yearsAn owner who teaches and manages; no education permit needed
Gym or studioavg €57,000 (half €37,500–117,500)€80,000–250,000 for 200–600 m²about 3.8 yearsMember churn; leased machines do not belong to the seller
Construction or renovation companyrarely sold: small firms ask €90,000–290,000€60,000–120,000 with a crewabout 2 years with the owner workingREA registration, health and safety and insurance before the first job
Car washavg €30,000 (half €18,000–52,500)hand wash €20,000–50,000; self-service bays from €65,000about 2.5 years (hand wash); bays about 4.5 yearsWastewater permit and water limits in a drought
Car rentalmedian €249,000, about €11,000 per carabout €500,000 for 30 new carsabout 6.6 years with fleet wear countedFleet wear and renewal; the Canaries require 20 cars, Ibiza has a quota
Food truckavg €10,000 (half €6,000–16,000)—about 2.4 years on €25,000 investedWhere you may trade: festivals, markets, private events and land — not the street
Hair salon or barbershopavg €22,000 (half €12,000–36,500)€15,000–50,000about a year with the owner cutting hair; 2.1 years with a hired stylistStylists and their clients: when a stylist leaves, the clients follow

Payback assumes average revenue and, for most small businesses (a café, shop, garage, salon or school), an owner who works in the business. In a real deal, revenue is checked against bank statements and VAT returns, not the seller’s figures.

Packages

Package A

Express screening

16 hours of work · report in 1–2 days
  • Assessment based on a 50–70 point checklist that you complete
  • Revenue-to-cost ratio and scale of assets
  • Risks rated low / medium / high
  • Indicative price using average market multiples
  • 2–3 page report; 1 hour of questions within 2 days

Not included: checking of source documents or contracts

Discuss package A →
Package B

Extended analysis

56 hours of work
  • Financial statements, bank statements and contracts for 3 years
  • Sample check of around 20% of the data
  • Three-year P&L and cash flow, dynamics and trends
  • Cost structure, indicative value and payback
  • Risk matrix; 8–12 page report; 2 hours of support within 7 days

Not included: contact with the seller and no staffing analysis

Discuss package B →
Recommended
Package C

In-depth review and deal support

149 hours of work
  • 60–80% of key figures checked against source documents
  • Monthly P&L and cash flow, seasonality, comparison with similar businesses
  • Lease, supply and employment contracts reviewed for money and risk
  • Valuation by at least two methods; holdbacks and escrow in the deal terms
  • Negotiations with the seller, accountant or asesor — up to 5 hours; 30-day plan
  • Draft traspaso agreement for your lawyer to review and sign
  • 15–25 page report; 5 hours of support within 30 days

Not included: financial model or strategic plan

Discuss package C
Package D

Strategic analysis and development plan

247 hours of work
  • Financial model in three scenarios: ROI, break-even, KPIs
  • 12-month roadmap with clear responsibilities
  • Hiring plan, staff KPIs, contract templates
  • Contacts with counterparties — up to 10 hours
  • Support and mentoring — up to 15 hours over three months

Not included: legal representation: notarial steps and signing are for your lawyer

Discuss package D →

Each package includes everything in the previous one. We quote the price after the introductory call and a look at the business.

Timing by type of business

BusinessTiming
Bar, café7–10 days
Restaurant14–21 days
Beauty salon5–10 days
Retail shop5–7 days

Timing depends on the size of the business, its structure and the chosen package.

How it works

Introductory call, 15–30 minutesthe business, deal timing, choice of package
You send the materials or complete the checklist; we fix the scope, timing and price
Agreement and payment; work starts
Analysis of documents and figures; in the higher packages, requests to the seller and counterparties
Report and walkthrough of the findings, then support within the package

What clients say

We came to Finetic Consulting for a business plan and financial model for our project IMSKIPPER.NET. We liked how quickly Vladislav prepares documents and how deeply he works them through. It is comfortable to work together: every question can be discussed at online meetings while the work is in progress.
Georgy Im, owner of IMSKIPPER · Translated from Russian.

What the audit does not do

  • It does not replace a legal opinion on the lease, licences or employment: we provide the financial and commercial logic, while your abogado or gestor handles the legal review and signing — and we work alongside them.
  • It is not a tax opinion.
  • It does not guarantee the business’s future profit: the decision to buy remains yours — our job is to make sure you take it on facts.

We'll answer your question; if your case needs a closer look — a 15–30 minute call: your target business, deal timing and the right package. Price and timing follow a look at the materials.

Prefer to pick a time right away?

Book a free 15–30 minute call with Vladislav Panchenko — choose a slot that suits you.

Frequently asked questions

What is a traspaso?

A traspaso is the transfer of a going business in Spain together with the premises lease, equipment and usually the staff. The buyer pays for an existing cash flow, so the key is to check that this cash flow is real and that no hidden debts come with the business.

How much does a traspaso audit cost?

The price depends on the size and structure of the business and the chosen package — from an express screening based on a checklist to full deal support. We quote the exact price and timing after the introductory call and a look at the materials.

How long does the check take?

An express report under package A is ready in 1–2 days. Checking a bar or café usually takes 7–10 days; a restaurant, 14–21 days.

What if the seller will not provide documents?

That is already a risk signal. An express screening can be done from the checklist, and a refusal to show accounts, bank statements or the lease is reflected in our findings: without documents a business cannot be assessed on facts.

Do I still need a lawyer if I have the audit?

Yes. The audit answers questions about money and risk: what the business really earns, what it is worth and what to build into the deal terms. The legal review of contracts and the signing are handled by an abogado or gestor; we work alongside them.

Can the check be done remotely?

Yes. Documents and correspondence are handled online and findings are discussed by video call; for an express screening the checklist and basic files are enough.

Which is better: a traspaso or buying shares in an SL?

For a bar, café or shop a traspaso is the usual choice: you buy the business and the lease, not the company’s whole history. Buying SL shares makes sense when the value lies in the company itself: contracts, licences, brand. But even in a traspaso the staff and some obligations to them transfer, so a review is needed either way.

Do you work on the Costa Blanca?

Yes, our office is in Villajoyosa. We review businesses in Alicante, Benidorm, Altea, Calpe, Jávea, Torrevieja and other coastal towns, and documents and meetings can be handled online from any country.

Can I get a Spanish residence permit by buying a business?

Buying a business does not give a residence permit by itself. A non-EU citizen who wants to live in Spain and run the business personally needs a residence permit — usually a self-employment permit, for one year at first. The golden visa has been abolished, and the startup visa does not suit an ordinary business. Residence permits are handled by our partner Relotus; the sensible order is to confirm the permit first and only then pay a deposit.

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