Franchise Opportunities in Latvia

Popular franchise directions in Latvia

List of franchises for sale available in Latvia

Sushi-Market - Japanese Food Franchise Investment from $40,000
Another World - Virtual Reality Parks Franchise Investment from $30,000
SAHAR&VOSK - Beauty Salon Franchise Investment from $30,000
Govorusha - Speech Therapy Center Investment from $16,200
Tenacious Techies - full service digital marketing agency franchise Investment from $2,000
Perspective 24 - Real Estate Operator Franchise Investment on demand
PunctureSafe - total tyre protection franchise Investment from $1,875
SLONVISH - Hypoallergenic Jewelry Franchise Investment from $4,500
GREEN BAR - Autonomous City Farms Franchise Investment from $8,168
Choupette - kids clothing shop franchise Investment from $46,000
Krispy Kreme - doughnuts and coffee store franchise Investment from $275,000
9ROUND - kickbox fitness centers franchise Investment on demand
PRESOTEA - Bubble Tea Shop Franchise Investment from $100,000
Orangetheory Fitness - fitness centre franchise Investment from $488,405
PANTIKA - Beauty and Health Laboratory Franchise Investment from $1,062
Cutmann Kids - the First Children's Barbershop Franchise Investment from $80,000
HEALTHY-5 - Australian Super Manuka Honey Franchise Investment from $80,000
Tendata - Global Trade Data Supplier Franchise Investment from $3,000
Noah - Cosmetics Retail Franchise Investment from $8,000
Naedine - Medical Clinic Franchise Investment from $432,170
MOMIZU HOUSE - MOMIZU HOUSE Franchise For Sale – Bakery and Beverages Investment from $66,000
ADORI сollection - Production Studio of Knitted Clothes Franchise Investment from $24,200
LANZHOU - Fast Food Restaurant Franchise Investment from $100,000
ZAGA GAME - Full VR Immersion Park Franchise Investment from $12,540

Attractiveness of Latvia for the development of franchise business

Northeastern country, Latvia has a population of 1,95 million people, with more than 70% living in urban areas. The largest cities like Riga (773,000) and Daugavpils (112,000) provide the most business opportunities in the country.

Latvia has a very open economy based on woodworking, metalworking and technical manufacturing. Among the most successful companies in the country are the ones dealing with the transport and logistics sectors, IT, energy, water, modern food production.

If an entrepreneur wants to start a franchise in Latvia, they will be pleased by a western-oriented business environment, a savvy workforce, a convenient tax system and a well-developed business infrastructure.

Franchise businesses have been successfully expanding all over the country especially in public catering sector. There is an interesting fact about Latvian franchise market: the development of domestic companies is a bit limited by the abundant choice of foreign franchise companies actively capturing the market.

Latvia hasn't taken any specific regulatory steps to make special legislation which will deal with franchising. Now all the franchise businesses in the country comply with the Law on Competition and the Commercial Law.

There are high investment business opportunities, as well as cheap franchises in Latvia presented for review, the choice is yours.


Felix de Wit

Felix de Wit
Official representative of Topfranchise in Europe

info@schalkshof.nl
+31 6 54313014

 

Indicators of Latvian Business Market

  • Capital: Riga

  • Currency: Euro (EUR, €)

  • Education Index (2015): 0,835

  • Official languages: Latvian

  • Per capita GDP (PPP): $31,215

  • Quality-of-life index (0-10): 6,01

  • Population: 1,93 mln

  • Total GDP (PPP): $60,509 billion

  • Ease of Doing Business Ranking, Rank: 19

  • Gini: 35,6

  • Human Development Index (HDI): 0,847