Full Service Restaurant, Bar and Catering

Not Disclosed, WA
Spokane County

Asking Price: Annual Revenue:
$200,100 $519,730

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Full Service Restaurant, Bar and Catering Broker: Brian Southworth

Quick Facts

Asking Price: $200,100
Annual Revenue: $519,730
Net Profit: Not Disclosed
Cash Flow: $53,368
Total Debt: Not Disclosed
FF&E: $34,552
Real Estate: Not Disclosed
Year Established: 2001
Employees: 16
BBN Listing #: 49134955
Broker Reference #: 8003-16850

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Business Overview:

This is a turn key opportunity with a manager, one bar lead and an amazing staff in place already in place. The establishment has been a welcoming lunch destination in the downtown corridor it serves for more than 20 years. Each Monday through Saturday they serve at least five different fresh, homemade soups, and bake loaves of their famous beer bread to go along with it! They also offer a tasty selection of croissant sandwiches and made-to-order salads. During the day they offer efficient cafeteria-style counter service so customers can take their order back to the office or sit in their dining room and stay a while. The crew creates about 20-30 different soups throughout the week and the soup selection and daily specials can be found on their Facebook page.

During the evening the establishment transforms into a lounge. The lights dim and the candles flicker — sometimes the disco ball gets in on the action, too! The soup counter becomes part of the bar, and guests are invited to take a seat in the dining room where they are served at their table. Nights in the lounge are all about relaxing in a cozy hideaway. Innovative DJs, amazing live musicians and engaging trivia hosts add a little extra flavor to guests' experience. A wide variety of beer, wine and cocktails, along with daily drink specials, are all part of the fun.

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Property Features and Assets:

Standalone building located in the heart of the downtown market it serves. The leased space includes 1,380 square feet on the main floor and 500 square feet in the basement. The current lease expires on November 30, 2025. Assets = $43,034

Market Competition and Expansion:

While their are other eateries in the neighborhood this establishment fills a niche as evidenced by its followers comments on Facebook: "Excellent soups great value, and community minded. you just can't go wrong by going here." "They have great customer service! The food is absolutely AMAZING. Love this place!" "Best soup ever!!! Highly recommend trying the jalapeño popper soup!" "Best soup ever!!! Highly recommend trying the jalapeño popper soup!" "Always awesome!!!! I have never been disappointed! Love their soups!!" "Some of the best homemade soups we’ve ever tasted. We had the Jalapeño Pepper, Tomato Bisque, Salmon Corn Chowder, and Beer Cheese soups. (We couldn’t make up our minds!) All delicious- with warm beer bread, too." Growth opportunities exist in extending the evening hours beyond 8:00 PM, integrating the company's social media marketing with direct mail to clients already in their database and promoting their evening hours.

Reason for Selling:

Seller is relocating out of the state

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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