Soul Slice

Soul Slice

Feeding the Soul of America

Security Type
Preferred Stock
Food & Bev
Min Investment
Oakland, CA
Offering Date
December 18, 2020
Expected Close Date
April 06, 2021
Target Raise
Deal Notes

Price per Share: $35.00

Company Description

Soul Slice is first-to-market with soul food on pizza at a time when the pandemic is going to be around for a while.

As a Benefit "B" Corp, we give our employees full-time, salaried jobs, profit-sharing and ownership opportunities to help them build wealth.

With simple, fresh, low cost ingredients, our fine-casual To-go/Delivery stores are designed to be fast to launch, high margin and easy to take to new markets.

If pizza and soul food can both heal, imagine them together.

Pizza is a proven to-go/delivery and high-margin model and Soul Slice hopes to be riding that wave. After a few locations in Oakland, CA, leased and built out at pandemic prices, we aim to quickly scale to additional stores in these early markets: Atlanta, NY, Louisville, L.A., Chicago and Houston. Annual revenues are hoped to to be $25 million in Year 5, with a 24% margin before employee profit-sharing. After that? It's our hope that a lot of partners/acquirers will be interested and we will ride that wave, too!

These projections cannot be guaranteed.

Given the Company’s limited operating history, the Company cannot reliably estimate how much revenue it will receive in the future, if any.

Key Deal Facts

First to market soul food on a biscuit crust pizza.
Renowned restaurateur Karter Louis is the mastermind behind this menu and mission.
B Corp offering employees not only a livable wage and profit-sharing but ultimately ownership.
Growth opportunity fueled by an assertive expansion plan.
The $8.2 billion gourmet pizza market has proven to be pandemic proof.

Use of Proceeds


Opening costs for the first location in Oakland, CA:

  • 67.9% Purchase of restaurant assets and assumption of lease
  • 25.6% Working capital
  • 6.5% Wefunder fees  


Opening costs for the first two locations in Oakland, CA:

  • 54.3% Purchase of restaurant assets and assumption of lease
  • 39.2% Working capital
  • 6.5% Wefunder fees  

Management Team / Advisory Board Bios

Karter Louis
Founder and CEO
Artist, Designer & Restaurant Creator, Founder of Hillbilly Tea & Co-founder of HHnL Design Group, Uno Lai Design & Samovar Tea Lounge.

Carla Dearing
Co-founder and CFO
Seasoned fintech exec, 3-time founder with successful exits and investor helping companies develop capital for smarter growth and drive social impact. Started career at Morgan Stanley, MBA-Chicago Booth, BA-Michigan.

Michael Moss
Brand Director
Hillbilly tea partner, Food & beverage branding, UX @google

Deal Notes

Price per Share: $35.00

Amount Raised : $0
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Security Description

Preferred securities are a type of investment that generally offers some sort of preferred treatment through a dividend or preferred treatment in a liquidation.

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