Want to start a restaurant / cafe / bar on the Costa del Sol?

In this article we explain the factors to take into account when setting up this type of business, the initial steps and procedures and the best way of accounting.

Before you head to the opening of a restaurant you must evaluate the potential success of the business because according to statistics, the hospitality business do not survive the first year of life, mainly due to an error in the estimates of sales and costs.

A major cost to consider is the rental or purchase of the premises where you will carry out the activity. This will depend on your possibilities of financing. The cost of both purchase and rent will depend on the business area, among other factors.

The second cost to consider is if you have to carry out a renovation of the premises. We must also take into account the investment in machinery, such as kitchens, coldrooms, ovens, cash registers etc. The cost is usually high.

In the viability plan you also have to assess the initial costs of accounting advice, company incorporation(where applicable), staff costs, social security and taxes.

And of course, you must also consider the purchase of furniture, raw materials and the necessary working capital to income.

In relation to accounting, we recommend to ask an expert, as there are several legal possibilities for the formation of the business. Let yourself advise by an accounting expert on the legal format that most suits you as it will depend on the characteristics of the business (size, number of employees, number of tables, turnover). If the business is incorporated as a company accounting will be more complex than if it is as “autónomo” (self employed) which will host to the fiscal regime of “estimación directa”  or of “módulos”.

There are several initial steps to be performed with different organisms for the opening of a catering business. Below we offer a brief guide of some of the steps to give you a general idea of the process:

There are several initial steps to be performed with different organisms for the opening of a catering business. Below we offer a brief guide of some of the steps to give you a general idea of the process:

• Tax Office

1. Registration as autónomo: Present 036 model
2. Registration for company: Name certificate, notary, model 036 and registration in the Commercial Register.

• Town Hall

1. Application for building or works license: Application forms for works license, project signed by technicians and payment of fees.

• Social Security Institution

1. Obtaining “Libro de visitas”
2. Obtaining Registration book (Libro de Matrícula)
3. Presentation of employment contracts

If you wish to know more about MP Accountants Marbella Services or would like to arrange a free initial meeting please contact us:

• Call +34 952906027
• Submit enquiry or request a call back

FOR GENERAL INFORMATION ONLY. Please note that this article is not intended to give specific technical advice and it should not be construed as doing so. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. It is not intended to give exhaustive coverage of the topic. Whilst every care has been taken in the preparation of this article it may contain errors and/or omissions. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue  to be accurate in the future. Professional advice should always be sought before action is either taken or refrained from as a result of information contained herein. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

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