10 Answers

I am looking to relocate to Lanzatote from the UK. We are researching our opinions of business ?

Asked by: 22nd September 2011

myself and my wife are looking to relocate to Lanzarote and the possiblity of buying or setting up a business. Normally most people buy or setup bars which is not my kind of business but would consider a good quality Coffee Gelato bar along the seafront.

Can any of the Lanzarote experts provide some information of Locations business types anything you would consider would be of interest such as location, Type of business and any service or products you think the area lacks or needs possible a demand for. Or maybe you know some one whos selling up.

Myself and my wife have over 15yrs experience of running our own business both retail and B2B both very successfull business.


10 Answers

  1. david charles hind on Sep 22, 2011

    As a regular visitor to Lanzarote as a tourist,i would first suggest you spend some time on the Island,It will answer many of your questions.Personally when i have had coffee or tea they have all been made with long life milk,and are not to my taste,but usefull to wash down pills.I am sure many people will disagree with me.On the seafront i think cold drinks would by far be more popular in a hot country.I will back in CT on the 29th for another couple of weeks,i love it there regards dave hind

  2. steve on Sep 22, 2011

    I think from Lanzarote´s point of view, a coffee house has already been done many times over.You would need to pull the local resident away from their regular coffee house and entice them into yours – easier said than done! New kids on the block, at the moment, are not fairing very well.The more established places are doing well and maybe you either delay your plan or look for alternative destinations where there is a niche in the market.

    As David said, spend some here and decide for yourself.

  3. Peter on Sep 27, 2011

    We have visited Costa Teguise over the last 7 years, spending app. 6-8 weeks every year and have just returned this week-end from a 3 weeks visit.

    Surprisingly, during the day there were hardly any people in the bars/restaurants and we were several times the only there.

    However, during the stay we visited 3 “all inclusive” hotels we have stayed in before and all of them were very “full and busy” with the outside bars with no empty seats and very few sunbeds free around the swimming pools.

    Maybe it’s the reason the local bars in Costa Teguise are “loosing business” as the main numbers of visitors choose “all inclusive” hotels and don’t get into the town spending any money.

    Maybe/hopefully this situation will change – there are already several bars closed down we have known in the past.

    At this present time it may not be the time to start a new business up.

  4. David myers on Sep 27, 2011

    Cant believe your thining of starting a business and your asking strangers for advice surely YOU need to do the home work if its goes pear shape you can only blame yourself

  5. George on Sep 27, 2011

    Thanks Guys
    Firstly one of the best times to start a new business is during a economics recession our business cycle contraction. Just because you see business closing down does not mean that you should not start up in business. During a recession customers dont stop spending but reduce what they spend and insure they get the best value for money. During a recession poorly run business, debt ladden business and business not providing the right service or products to their customers will suffer and possible close down. Business that give quality services and products and understand their market and customers will gain market share.
    As for David reply asking questions to strangers I have not asked for advce but looking for feed back and research. Research from stranges will be honest and may show a niche market our demand for a business.

    • Veronica on Sep 28, 2011

      Hey George try Estupendo, they have many business for trespaso an rent. Martin & Corina run the PDC office, all details on their website.

      Good luck

      Best regards


  6. David myers on Sep 27, 2011

    George so you think we are in a recession and heres me thinking we are in a global crisis that could last years hope your right

  7. George on Sep 29, 2011

    Thanks Veronica

    I have been looking on the website and are arranging a trip over In Jannuary to veiw and research hoping its fruitfully.
    David resession or global crisis life goes on and so does business, Business people will not sit on their hands and wait for the storm settle.

    Cheers all

  8. shreka on Sep 29, 2011

    Basically, please come to the island and meet the organ grinders themselves. The cafe owners will give you an honest opinion and plenty of food for thought. At the end of the day its a huge decision which can only be down to you. Many businesses are perhaps suffering at the moment but that goes for all industries George. A caller earlier said about finding a niche market, but surely that needs to be tested at home first, its a game of two halves = home and abroad. Once you are here you hopefully will have a gut instinct about which side of the net you wish to bat towards..But I wish you all the good fortune that god sends.

  9. George on Sep 30, 2011

    Hi Shreka
    Rely like your comments and thanks for your input which I welcome. As we currently have a online business in the UK its our intention to manage this business from the island which is perfect due to no time changes as the UK and we dont hold stock all sales are currenly handled by outsource suppliers to pack and delivery to customers.
    I have a love and passion for great quality coffee and Gelato thats its a passion to open a high quality coffee gelato shop.
    If we do make the move business to the Island we would be taking 5 of our current staff with us most family.