Food & Beverage Businesses for Sale in Riga

Thriving Asian restaurant located in Riga, specializing in delectable Indian, Chinese, and Thai cuisine, making it a prime destination for food lovers in the area. - The restaurant operates two branches: a primary location in the city center with potential seating expansion from 27 to 110, and a second branch in an upscale residential neighborhood designed for takeaways, featuring 10 seats and an additional shop on the second floor. - The establishment offers a diverse menu that includes a wide range of dishes and beverages, alongside a fully licensed bar, appealing to both dine-in customers and takeaway clientele. - The restaurant employs a total of six floating staff members in addition to chefs, ensuring high-quality service and efficiency in operations. - With a strong reputation, the restaurant enjoys high customer traffic, capitalizing on its live cooking experience that enhances the dining atmosphere. - The business is equipped with both food and alcohol licenses, allowing the owner to explore various revenue streams from dining and beverage sales. - A major incentive for potential buyers is the opportunity to acquire a 5-year residency permit for non-EU citizens, streamlining the process for foreign investors looking to enter the European market. Post acquisition, the current owner will have to be employed under the business for a 1 year period, within which he will transfer his residency permit to another firm. The salary (including taxes) for this period will be EUR 2,300.

The business also exports its products to Italy, Germany and Poland. - The sale of food oils brings in 40% of revenue, sales of grains bring in 30%, and the fodder business brings in the rest 30% of revenue in the business. - Operating from land of 500 hectares and is located in Bauska region which consists of the most fertile of lands in Latvia. 300 hectares of land is owned and the other 200 hectacres is leased. - There is a single owner for the business. - Business hires full-time employees for its day-to-day operations.

The business also exports its products to Italy, Germany and Poland. - The sale of food oils brings in 40% of revenue, sales of grains bring in 30%, and the fodder business brings in the rest 30% of revenue in the business. - Operating from land of 500 hectares and is located in Bauska region which consists of the most fertile of lands in Latvia. 300 hectares of land is owned and the other 200 hectacres is leased. - There is a single owner for the business. - Business hires full-time employees for its day-to-day operations.