Hostel in the Centre of Riga

ID 1811

Selling price

27 000

( Price changed )




Hotels and tourist industry

Business type

Hostel in the Centre of Riga

Legal form

Limited Liability Company

Parts being sold

Full business (100%)

Last year's turnover

72 000 EUR

Last year's profit

15 000 EUR

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Business for sale – hostel in the center of Riga. A good opportunity to get involved in the hotel and hospitality business, acquiring a stable, profitable, integrated and optimized business with prospects in this industry.

The hostel is located in one of the most advantageous and most easily accessible places in the center of Riga. The hostel has not only individual visitors, but also a lot of regular customers, thanks to accommodating participants of various groups and organizations and events.

The hostel has achieved very good positions on and other booking resources. It has own website, active Facebook account. Location, price-quality ratio, friendly staff are most praised in customer reviews.

Has been operating since 2006. The owner and employees have accumulated vast experience in attracting customers and ensuring the operation of the hostel. Processes, work with suppliers, accounting and an efficient hostel management system have been optimized.

The premises lease agreement has been concluded until 2023.

The hostel has a total of 15 rooms, from single to six-bed. It is possible to divide the used premises by creating two separate hostels – one with 5 rooms and the other with 10 rooms. The price in this case is EUR 10000 and EUR 20000 respectively.

The current owner is interested in the successful operation of the hostel in the future, thus providing all the necessary information and knowledge to the new owner during the transition period.

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