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Newly Established Convenience Store for Sale in Riga, Latvia

For sale: Asian street food & retail business with 2 operational locations and international suppliers.

Established 0-1 year(s)
Employees 2 - 5
Legal Entity Private Limited Company
Reported Sales USD 250 thousand
Run Rate Sales USD 250 thousand
EBITDA Margin 25 %
Industries Convenience Stores
Locations  Riga
Local Time 2:38 AM Europe / Riga
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 206 thousand (Native Currency: EUR 180,000)
Reason: The business is being sold because the owner is shifting focus toward new business projects.
Includes physical assets worth USD 57 thousand
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Business Overview
- The business operates two locations in Riga and receives 150+ daily walk-ins across both outlets.
- It follows a smart self-service model that reduces manual operations and minimizes human error.
- The business is managed by a lean team of 4 employees.
- Its revenue is generated through sales of prepared Asian food, specialty drinks, and Asian retail products.
- The business has established relationships with direct international food suppliers.
- The business is registered as a private limited entity with a trade license.
Products & Services Overview
The business sells Asian street food with a focus on ramen and noodles. It also offers specialty Asian drinks and a range of Asian retail goods. Customers include local students, young people, tourists, and Asian food enthusiasts. Customers select their noodles and premium toppings from a refrigerated display, pay through cashless terminals, and use automated Korean cooking stations to prepare their meals.
Assets Overview
Tangible assets: The buyer will receive 8 noodle vending machines, 2 POS systems, and 6 TV displays. The sale also includes professional kitchen and refrigeration equipment such as an ice maker, display refrigerators, freezers, vacuum sealer, and rice cooker. Furniture and the fitted equipment at both operational locations are also included.

Intangible assets: The buyer will receive the established brand, two prime rental leases, the existing customer base, and the confidential database of direct international food suppliers.
Facilities Overview
The business operates from two fully fitted commercial premises. One location is in Riga Old Town and the other is in the primary city center. Both premises are operational and held under long-term rental agreements. The combined monthly rent for the two locations is EUR 2,400.
Capitalization Overview
100% self-funded by a single owner with no outstanding debts, loans, or third-party liabilities.
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
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1 Buyer viewed this Business this week. 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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