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Bubble Tea Business For Sale In Riga

Riga, Rigas, Latvia
Asking Price:
€33,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
On request
Cash Flow:
On request

A well-established and recognisable bubble tea business that has been operating successfully for several years is offered for sale. The business has an established customer base, a proven business model, and a reliable team of employees.

The buyer will not have to build the business from scratch. The sale includes a fully operational company with all the necessary equipment, an established brand, and proven operating procedures.

Key advantages:

  • No outstanding tax liabilities;
  • A reliable and experienced team of employees;
  • A well-known bubble tea brand;
  • Operating premises in the centre of Riga;
  • A fully equipped retail location;
  • A substantial amount of professional equipment and inventory;
  • A fully equipped and branded mobile sales stand;
  • The opportunity to continue operating at events, festivals, and other off-site venues;
  • An established product range and recipes;
  • A website and social media accounts with more than 9,000 followers;
  • The opportunity to continue offering delivery through Wolt and Bolt Food;
  • Established and proven day-to-day operating procedures.

Importantly, the company is being sold together with a substantial base of equipment and inventory, the original purchase value of which is significantly higher than the asking price for the business.

The business is suitable both for someone wishing to start their own venture with a ready-made operational foundation and for an existing food or beverage entrepreneur looking to expand their operations.

An additional advantage is the existing, reliable team of employees, allowing the new owner to take over the company and continue its operations without having to rebuild everything from the ground up.

The business also offers considerable growth potential. Opportunities include increasing the number of off-site events, expanding into new locations, broadening the product range, or opening additional retail locations in the future.

Reason for sale: the owner wishes to focus on other projects.

Price: €33,000

Following an initial discussion, serious prospective buyers can be provided with more detailed information regarding the company’s operations, financial performance, equipment, premises, and everything included in the sale.

Property Information

Real Estate:

Lease

Location:

The business is located in a prime central area of Riga, close to Vērmanes Garden, with strong pedestrian traffic and excellent accessibility by public transport. The location is surrounded by offices, shops, hotels, tourist attractions and educational institutions, providing a steady flow of both local customers and visitors.

Premises Details:

The business operates from approximately 74 m² of fully equipped premises in Riga city centre. The premises include a customer service and seating area, a preparation area, storage facilities and all the professional equipment required for daily operations. The location is ready for the new owner to take over and continue trading immediately.

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

The business offers considerable growth potential. Opportunities include increasing participation in festivals and other off-site events using the fully equipped branded mobile sales stand, opening additional locations, expanding the product range, developing catering and corporate orders, and strengthening online delivery through Wolt and Bolt Food. The established brand could also be developed into a multi-location or franchise concept.

Competition / Market:

Although the beverage and café market in Riga is competitive, Bubble Tea Riga benefits from strong brand recognition, an established customer base and more than 9,000 social media followers. As one of Latvia’s first established bubble tea brands, the business has proven recipes, recognised products and years of operating experience.

Reasons for selling:

The owners have decided to focus on other business projects. The sale is not related to the performance of the business, which remains fully operational and ready for the new owner to take over.

Years established:
8 years

Other Information

Support & training:

Support and training included

Furniture / Fixtures value:
€30,000 - included in the asking price
Inventory / Stock value:
€8,000 - included in the asking price
Relocatable:
This business can be relocated