Buying a business in Italy
Many of us dream about moving to Italy and making a fresh start in life. Italy has much to offer, wonderful warm local people, scrumptious food, prestigious wines and it’s fabulous climate make it a popular choice for relocation.
The reality for most of us is that to make this move successful we must generate some form of income to live. The Italian job market can be a little limited if you are not fluent in Italian – you can teach English, become a tour guide etc.
So what are the options? One such possibility is to buy a business for sale in Italy that allows you to generate and good income using your native tongue language. An interesting, lucrative business proposition is working in the tourism industry for example a bed and breakfast accommodation, Hotel or a holiday rental business.
What are the advantages of buying an established business for sale? Well of course there should be an established income in place, but also, the property in question will already be set up for business, it may already have a swimming pool, car parking area , existing clientele etc…
Expenses like these can soon mount up when starting a business from nothing often placing an additional financial strain on the business even before it has started.
A business with an established income may also help with cash flow projections for the bank if a little borrowing is required
How can the business provide additional income? It may be worth looking a properties that have vineyards and hazelnut groves. Vineyards involve more work and skilled work so if you don’t have experience then you will need to learn or you could hire someone to work the vines for you and teach you the tricks of the trade. The locals are passionate about the land and its produce and genuinely pleased to share their enthusiasm and experience. You then have the option of making the wine itself or selling your grapes to an established wine maker or a local cooperative.
Hazelnuts are another possibility – referred to in Italy as the “Lazy man’s tree”. They are much easier to maintain and require less work. Here in The Langhe most of the local hazelnut production go to Ferrero, the makers of Nutella, Ferrero Roche, Kinder chocolates etc
There are also small local businesses making local products with the hazelnuts – for example , hazelnut cake, toasted hazelnuts….
Selling local quality produce, wines, hazelnut cake, preserves etc is also an interesting addition to any tourist based business.
In addition to the income generated from a vineyard or hazelnut grove there is a certain sense of achievement, satisfaction and appreciation of nature that comes with working the land.
Business practices vary from country to country and Italy is no different. It’s essential that you deal with an Italian accountant preferably that speaks your mother tongue language. He or she will be able to guide in the right direction and help you with other matters like insurance and the availability of local grants etc.
Buying a business in a Italy is a big decision so do your research thoroughly – however it could be the best decision in your life….mixing with the warm friendly local people, enjoying scrumptious food, prestigious wines and the fabulous climate…………
We have several businesses for sale in the Piemonte region, check our website for further details.