Company

Popular restaurant in one of the most beautiful parks in Riga

ID 4181

Selling price

120 000

Industry

Restaurants, pubs and clubs

Business type

Popular restaurant in one of the most beautiful parks in Riga

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Description

If you want to buy a popular and profitable restaurant, which is located in a historic building in one of the cleanest parks in Riga, right next to the fountain, then this is the right time. The season has already resumed in full and attendance is high. A professional team of employees has been successfully recruited, which could continue to work with new owners. The restaurant is located on two floors, and there is a large area for a summer terrace. In recent years, the surrounding areas have developed rapidly, attracting new and solvent residents, and some of them have already become regular visitors to the restaurant. A number of medium and large Latvian companies have also chosen this restaurant as a venue for their corporate events, as its premises are ideal for both small family dinners and large private events, which are skillfully served by the restaurant’s professional team. Using the unique location, the restaurant in the park also regularly organizes various events and concerts, which ensures both visibility and a large flow of customers. With the resumption of the active season of various events, a large number of requests for various banquets are also received, which forms a significant part of the revenue. A wide range of regular customers has already developed for this service, so orders are regular.

Due to the work invested in creating the image of the restaurant, it was able to achieve excellent financial results even during the pandemic, but now that the restrictions on assembly have been lifted, the workload has already reached the pre-pandemic level.

100% of the company’s shares are sold and the investment can be recouped within 2 years. The restaurant is for sale in connection with the relocation of the owners outside Latvia. Options with payment by installments are also considered by separate agreement.

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