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Convenience Store for Sale in Riga, Latvia

Unlock potential with two Asian grocery shops for sale in Riga Center.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 10 - 50
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 300 - 400 thousand
Run Rate Sales USD 980 thousand
EBITDA Margin 30 - 40 %
Industries Convenience Stores
Locations  Riga
Local Time 4:39 AM Europe / Riga
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 530 thousand (Native Currency: EUR 450,000)
Reason: Due to the owner's wife's health issues, continuing the business has been challenging, despite its s... View More
Includes physical assets worth USD 59 thousand
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Business Overview
- We boast the title of the largest exotic Asian grocery shop in Riga, offering a unique selection of authentic products spanning from snacks and candies to essential cooking materials like sauces and marinades.
- Strategically located with two prime stores in Riga Center, our shops attract hundreds of customers daily, highlighting a robust local demand for Asian grocery products.
- The business garners an impressive 4.5-star rating by hundreds of customers, testifying to exceptional customer satisfaction and a strong community presence.
- Our successful opening of a second shop demonstrates its scalable business model and potential for expansion across Latvia and other Baltic countries.
- Embracing digital transformation, we enhance customer convenience through its online sales platform, supporting both local and international customers.
- As a pioneer in its niche market, Asian Alley emerges as the only and largest Asian grocery establishment in Riga, offering significant growth opportunities in the retail sector.
- Our monthly revenue is notably strong, even with a team of just 10 employees, as we are currently the only Asian store operating in Latvia.
- The opening of our store has driven significant growth over the past year, resulting in a notable increase in our revenue this year.
Products & Services Overview
Our best-selling products include a wide range of Asian grocery items—from snacks and candies to essential cooking ingredients like sauces, seasonings, and marinades, all popular among local customers.
Assets Overview
Tangible assets: In-store products, freezers and coolers, printed marketing materials, and display shelves.
Intangible assets: Business registration and food service license.
Facilities Overview
We operate two stores located in the heart of Riga—one in the city center (K. Barona, 64 m²) and another in Riga Old Town (Aspazijas, 300 m²) featuring two floors of retail space and a kitchen ready for setup. Additionally, we maintain a 150 m² warehouse on Caka Street for storage. The combined monthly rent for all three locations is approximately €3,500.
Capitalization Overview
Currently company received 50,000 loans from owner fund. No debt, investors, loan from 3rd parties. Only 1 owner/ shareholder.
Recent Activity
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1 Buyer contacted this Business this month. Register below to connect now!
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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