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Pastries & Coffee Shop In Riga, Latvia For Sale

Riga, Rigas
Asking Price:
$165,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$343,000 (USD)
Cash Flow:
Under $50K (USD)

UAB Albineta, Lithuanian LLC, owning the brands “Thierry Kepykla“ and „Thierry Boulangerie“,
wishes to sell their daughter subsidiary company SIA "Thierry Boulagerie" in Riga, Latvia.

Sale object is a pastries and coffee shop located in Riga‘s commercial centre AKROPOLIS.

Business can be sold with or without a franchisee and supply contract.
There are 8 employees in local contracts.
The shop opened in April, 2019. Current sales without VAT are an average of 26.000€ /month, for a calculated break-even of 35.000 €/month.

Get up to profitability would be a matter of presence of the general manager and better knowledge and analysis of the specificity of Latvian market.

Contact seller through form application for more information.

Property Information

Real Estate:


Lease Terms:

Akropolis contract

Leasehold Rent:

$104,000 (USD) per annum


AKROPOLIS commercial centre, Riga

Premises Details:

Best people flow position in the commercial centre. 184 square meters.

Size in square feet:

Business Operation

Expansion Potential:

Based on the new owner presence, business experience and "know-how" to run such a business.

Competition / Market:

There is a McDonalds and one small other coffee shop.

Reasons for selling:

Owners not being present in Riga, are not able to drive to the location efficiently.

Trading hours:

7days a week, 10-22.

Years established:

Other Information

Support & training:

Full support and training offered.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Based on a possible agreement with the bank which provided a credit for the assets, price is either negociable or payable over time.

Furniture / Fixtures value:
$80,000 (USD) - included in the asking price
Inventory / Stock value:
$20,000 (USD) - included in the asking price
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This business can be relocated.

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