Soulful Soups & Spirits-Restaurant, Bar & Catering
Relocatable, WA Spokane County
Eastern Washington
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- RE: Soulful Soups & Spirits-Restaurant, Bar & Catering
- Contact: Brian Southworth
Quick Facts
| Asking Price: | $196,000 | |
| Annual Revenue: | $617,171 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $112,975 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $30,470 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2001 | |
| Employees: | 8 | |
| BBN Listing #: | 943021 | |
| Broker Reference #: | 8003-16850 |
Business Overview:
This is a turn key opportunity! Soulful currently has an amazing staff and all of the policies & procedures are already in place. The establishment has been a welcoming destination in the downtown corridor since 2001. Current hours of operation are Monday through Friday 11am-8pm. They serve a variety of soup (7-10 a day) along with beer bread, made to order croissant sandwiches & salads. Efficient cafeteria-style service helps with labor costs and also offers guests the opportunity for quick service. Guests can grab-and-go or sit in the dining room and stay a while. Every morning the soup selection and daily specials are posted on their Facebook page (soulfulsoupsspokane).
Soulful offers Trivia Nights on Thursday and has hosted Live Music in the past along with Open Mic and Bingo. Hosts private events in house and also caters!
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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 sq. ft. in the basement. The current lease expires on November 30, 2025.
Assets = $38,952
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 opportunity: Extend hours. Increase catering. Re-open on weekends. Bring back Open Mic Nights and Live Music.
Reason for Selling:
Seller is relocating out of the state for another business opportunity.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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