Franchise Opportunities in Latvia

Popular franchise directions in Latvia

List of franchises for sale available in Latvia

SAHAR&VOSK - Beauty Salon Franchise Investment from $30,000
Another World - Virtual Reality Parks Franchise Investment from $30,000
Govorusha - Speech Therapy Center Investment from $16,200
Perspective 24 - Real Estate Operator Franchise Investment on demand
SLONVISH - Hypoallergenic Jewelry Franchise Investment from $4,500
GREEN BAR - Autonomous City Farms Franchise Investment from $8,168
Intelacoin - Bitcoin ATM Franchise Investment from $39,500
Krispy Kreme - doughnuts and coffee store franchise Investment from $275,000
9ROUND - kickbox fitness centers franchise Investment on demand
Orangetheory Fitness - fitness centre franchise Investment from $488,405
Cutmann Kids - the First Children's Barbershop Franchise Investment from $80,000
Bustclub - Franchise of the Lingerie Styling Salon by Lidia Khuliganovna Investment from $83,000
PALERMO COFFEE - Сoffee Сhain Franchise Investment from $12,500
Chile Passport - Obtaining Citizenship and Childbirth in Chile Franchise Investment from $20,200
Blo Blow Dry Bar - Hair Salon Franchise Investment from $300,000
AMAkids - Intellectual Development Academy Franchise Investment from $15,000
LUMERIKA - Studio of Laser Epilation and Cosmetology Franchise Investment from $40,000
Salad Box - Healthy Food Restaurant Franchise Investment from $90,213
ZAGA GAME - Full VR Immersion Park Franchise Investment from $12,540
HEAD SHOT - Network of Cyber Sports Clubs Franchise Investment from $63,600
BusyFly - Sharing Electric Scooter Franchise Investment from $6,206
AQUATICA - Drainage Systems and Site Development Franchise Investment from $13,500
Saber - the First Men's Hairdressing Salon for Boys Franchise Investment from $17,550
Friendly English - English Language Studio Franchise Investment from $4,700

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