Company
Cafe in the Quiet Center
ID 3845
Selling price
26 500 €
Industry
Food and beverage
Business type
Cafe in the Quiet Center
Legal form
Limited Liability Company
Description
Restaurant with probably the best and most extensive breakfast and lunch offer in Riga. Spacious rooms that will be suitable for both business lunches and family breakfasts. The restaurant offers both on-site and take-away breakfasts and can be ordered with delivery. In summer, coffee can be enjoyed on the outdoor terrace. The cafe is ideally located, with a large flow of customers, in a prominent position with shop windows on the ground floor.
30% of the company is being sold due to a change in the type of business of one of the owners of the company. The decision to sell is not due to business difficulties or a crisis in the hospitality sector caused by a pandemic. The turnover in 2020 was 309 thousand EUR and the profit was 40 thousand EUR – this means that even with the restrictions caused by the pandemic, the investment can be recouped within two years.