PROPERTIES WITH A DESIGNATED USE
The property side of a business that someone else runs.
A property intended for hospitality or catering use carries restrictions that an ordinary property does not: permitted use, health and hygiene requirements, building services, access. Checking them after the purchase means finding out that the plan cannot go ahead.
What it covers
Checking the permitted use
Verification that the planning use classification does in fact allow the intended activity, before the purchase.
Checking the requirements
A survey of the structural and building services requirements applying to the category of activity contemplated.
Search and selection
Identification of properties compatible with the intended use, not only with the budget.
Refurbishment
Coordination of the adaptation works, under the same rules as project management: works specification, tender, supervision.
Letting to an operator
Search for and selection of third-party operators, and coordination of the drafting of the property lease or of the lease of the business.
Oversight of the property
Periodic inspections of the property and verification that the operator complies with its contractual obligations.
How it works
Feasibility check
First of all: is the contemplated activity permitted in that property and in that area? If the answer is no, matters stop there.
Selection
A search for the properties that pass the feasibility check.
Due diligence
Documentary and technical, at the level of detail that the type of activity requires.
Adaptation works
Coordination of the works required to make the property fit for the intended use.
Handover to an operator
Selection of the operator and coordination of the contract. Day-to-day operation is the operator’s own.
What we need from you
To start without documents going back and forth, these items are normally required.
- The type of activity contemplated — Hospitality, catering or mixed. It changes the requirements to be checked entirely.
- The intended model — Operation entrusted to a third party, or run directly by the client with its own staff.
- The overall budget — Purchase and adaptation together: on properties of this kind the adaptation weighs heavily.
- The time horizon — It determines how much it makes sense to spend on the adaptation.
Limits of the service
SAURON LTD does not operate accommodation establishments, and it neither organises nor sells travel or package holidays, and it is not entered in the Natsionalen turisticheski registar (National Tourism Register). It carries out no categorisation of tourist establishments and no hotel management.
The work concerns the property alone: checks, purchase, coordinated refurbishment and letting to third-party operators, which carry on the activity in their own name, under their own authorisations and on their own responsibility.
No return is promised or guaranteed.
Frequently asked questions
Can you run the establishment yourselves?
No. Running an accommodation or catering establishment requires authorisations and registrations that the company does not hold. We deal with the property and with the selection of the operator, which trades on its own account.
How do you check whether a property can be put to hospitality use?
You start from the planning use classification and the local restrictions, then assess the structural and building services requirements with a qualified technical professional. It is a check to be made before signing any commitment, not after.
What is the difference between a property lease and a lease of the business?
A property lease has the premises as its subject matter; a lease of the business as a going concern also takes in the equipment, the authorisations and the goodwill. They are different contractual structures, with different tax and liability consequences: the choice is to be made with the lawyer and the accountant.
Do you find the operator?
We carry out the search and the selection, and we coordinate the contract. The final choice of operator remains with the owner.
If Bulgaria is on the table, let's start with the right question.
Describe the situation. We reply telling you whether it falls within our scope and how we would proceed.