Latest / The Inspired Stories Podcast / A 10x Acquisition and Three Heart Surgeries Shaped How Craig Cooper Helps Lead Love Management Today
Transcript
- 0:04Welcome to another edition of the Inspired Stories podcast,
- 0:08where leaders share their experiences so we can learn from
- 0:11their successes and be inspired by how they've overcome
- 0:14adversity. As you listen today, let one
- 0:17idea shape what you do next. My name is Anthony Kotaspodi and
- 0:21today's guest is Craig L Cooper, Chief Financial Officer at Love
- 0:26Management, Inc. This award-winning hospitality
- 0:29group founded by Chef Tim Love, operates multiple restaurant
- 0:33concepts known for their live fire cooking style, bold flavors
- 0:37and unforgettable event experiences.
- 0:40Craig leads the financial strategy for this fast growing
- 0:43enterprise, ensuring it stays innovative and efficient.
- 0:47Holding an MBA from the University of Notre Dame, Craig
- 0:50has spent years guiding restaurant and consumer food
- 0:53businesses towards success. Before finance leadership at
- 0:57Love Management, he held roles directing strategic initiatives
- 1:00and planning at well known brands, helping them expand and
- 1:04strengthen their operations. Under his guidance, teams have
- 1:07thrived in fast-paced environments and he's been
- 1:11recognized for his forward thinking approach to company
- 1:13growth. Now before we get into all that
- 1:16good stuff, today's episode is brought to you by my company,
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- 2:06All right, back to our guest today, the CFO of Love
- 2:08Management, Craig Cooper. Thanks for making the time to
- 2:11Share your story today. Well, Anthony, thanks for that
- 2:14great introduction. Was a blessing a little bit
- 2:16while you're doing that, but thank you for that.
- 2:19Absolutely well earned, Craig, as we're going to all find out
- 2:22here today as we go through the interviews.
- 2:24So back to the beginning. When did you first realize that
- 2:28you had a knack for finance? When were you drawn?
- 2:31Oh yeah, I don't know that it was really.
- 2:33I understood I had a knack for finance more of I like solving
- 2:37problems. And I think in some of my early
- 2:39days of my career at KPMGI got to do that across a lot of
- 2:43companies. And I think I really, really
- 2:45enjoyed helping companies, you know, be more efficient and,
- 2:50and, you know, help them solve some of the issues that they
- 2:53they are facing. And I think that's more the,
- 2:56what I fell into more, more than the like, you know, core
- 2:58finance. And then you know, what kinds of
- 3:02companies were you working with at KPMG, just across the board
- 3:05or do you have? I got a lot of different flavors
- 3:08for for different kinds of companies.
- 3:09It was primarily in in financial services though.
- 3:13OK, so from there your next stop was with you know, powerhouse in
- 3:18the industry, the restaurant industry that is Darden
- 3:20Restaurants. What what kind of pulled you
- 3:22towards the the restaurant space?
- 3:25Sure, sure. But backing up just just a bit,
- 3:27So, so after my time at KPMGI, went back to Business School as
- 3:31you talked about. And it kind of at the time I was
- 3:36kind of disillusioned a little bit with the financial services
- 3:38and I was kind of looking for something different.
- 3:40So I was taking a lot of different kinds of interviews
- 3:43with companies, just really trying to find what would be, I
- 3:47thought would be a good fit for myself.
- 3:50And it really kind of fell into hospitality almost just by
- 3:53chance, I took interview with Darden.
- 3:57I was interviewing with one of their SVPS of operations.
- 4:01And we just really hit it off. We, we, I think his brother had
- 4:04gone to to Notre Dame and we kind of bonded over that.
- 4:08And again, like I say, we just had a good relationship.
- 4:10Again, I took that position and really started to learn a lot
- 4:14from from him Again, He's still considering him a mentor today.
- 4:20Really did a lot in terms of taking a different approach to
- 4:25restaurants, you know, really talking about guest experience
- 4:28and the importance of, of team building and that and really
- 4:32what was inspired there. And, you know, and I think back
- 4:35and it's really, really cool, you know, we, we had a team of,
- 4:39you know, 9 or so that, that we were working with, you know,
- 4:41people coming and going. But, you know, I look back and I
- 4:44can count probably 5 or 6 executives that had come off
- 4:47that, that team of, of, you know, that SVP and his directors
- 4:50and myself. And it's really amazing to see,
- 4:53you know, all the people I got to work with during that time.
- 4:55And it's really no wonder you you work around, you know,
- 4:58people that are that passionate about the industry, you just
- 5:01kind of kind of fall in and, and you kind of build that yourself.
- 5:05Yeah. I wonder, looking back, if you
- 5:08hadn't been so fortunate to land with such a great mentor, if you
- 5:12would have continued in the hospitality industry.
- 5:14It sounds like like that just really set like a nice path for
- 5:18you. Oh, absolutely, yeah.
- 5:19Yeah. I think, you know, who knows
- 5:20what would have happened, You know, just, you know, things
- 5:23just you got to fall in line sometimes.
- 5:24And that really kind of did so for me.
- 5:27And so the MBA that you got from University of Notre Dame, were
- 5:31you going to school while you were still working or you took a
- 5:35a gap? Year No.
- 5:36I took time off to to do the NBA.
- 5:39OK, yeah, it would have been pretty tough to do both at the
- 5:41same time. So fell in love with the
- 5:43hospitality industry while at Darden.
- 5:47I want to talk about one of the stops that you made cause 'cause
- 5:50I got to double check the the stats here that my team came up
- 5:53with. You worked at a restaurant, a
- 5:56group called Cheddar's, and you helped to fuel checking math a
- 6:02300% growth before they got acquired.
- 6:07Is my math correct? Do I have?
- 6:10We, we had some really, really high growth there and kind of
- 6:14transitioned actually from a, a connection I'd had with Darden
- 6:19to Cheddar's, which is A at the time was a company based in, in
- 6:22Irving, TX. I think when I joined we had or
- 6:27cheddar. I keep saying we at the time
- 6:29cheddar. Said part of the team still.
- 6:31Yeah, yeah. Yeah, 35 some odd company
- 6:34restaurants, maybe 20 franchise they just received in a major
- 6:40private equity investment from El Catterton.
- 6:43I think I was maybe the first or second higher post investment.
- 6:49And really man, it was it was the Wild West.
- 6:52If I can go back, you know, to those early days, I, I know you,
- 6:56I think, you know, restaurants were, were calling in sales on
- 6:59a, a Monday morning because, you know, we don't have a database
- 7:02that is capturing that. So, you know, people would call
- 7:05in a what, what was your sales over the week in doing that?
- 7:08I know one time one of our IT guys had had just left and you
- 7:14know, someone comes to me. Hey, you're, you're really good
- 7:17at that Excel stuff. You should probably run our POS
- 7:19system until we get someone in in charge.
- 7:22So, so it's, you know, you, you're really doing a lot of
- 7:25stuff in a small growing company like that, but that's really,
- 7:29really where I started to find that I can contribute across a
- 7:35lot of areas in a company. I started doing a lot of work
- 7:39in, you know, obviously, you know, the finance and analytics,
- 7:41but also helping with the, you know, real estate decisions,
- 7:44participating in the real estate committee, helping with
- 7:47purchasing, supporting marketing and some of the analytics they
- 7:51were doing. You know, I can think back, you
- 7:53know, some of the board meetings we were doing and you know, we
- 7:55would, you know, obviously turn pages on our slides.
- 7:57I don't know if anybody does that anymore, but going through
- 7:59the slide deck and you know, I don't have contributions in each
- 8:03section. So, you know, you, you, you see
- 8:05you're doing that and you just, you know, start feeling good
- 8:07about, hey man, I'm really learning this business.
- 8:09I'm having an impact and it was a good time for us.
- 8:14We had a lot of good results. We were doing you know high
- 8:17level unit volumes or our profitability was good, but then
- 8:23we did hit a bit of a downturn kind of in in the middle there.
- 8:27What happened there? Sure.
- 8:30And I think this is, you know, kind of a something you hear a
- 8:34lot is well, we grew too fast. So, so I think we we did some of
- 8:39that and I think it maybe not growing too fast.
- 8:42I think we just didn't plan for and execute for the growth we
- 8:47wanted. I think we, we, and you think
- 8:50about this, you know, we have this brand that's been around
- 8:53for a bit. They have a lot of tenure in
- 8:55their general manager teams and management teams at the
- 8:58restaurants, you know, early on and you can kind of start
- 9:01filtering out those people into the, the new restaurants you're
- 9:04opening. But at some point, you know,
- 9:06you, you're going so fast and now you're having to start
- 9:09bringing people from the outside.
- 9:10And that's where it really gets tough.
- 9:12And, and if you know, you're, you know, support team is, is
- 9:15not truly in place and you haven't dialed in those
- 9:19processes and procedures that really make it easy for those
- 9:22outsiders coming in, I think you struggle.
- 9:24And I think we ran into that and we, we had to take a bit of a
- 9:28step back. And I know at one point we were,
- 9:31we even looking at, you know, S ones and, and going public, but
- 9:34I, I think we solved it. Hey, that's, that's probably not
- 9:36going to be for us. We we need to come, maybe step
- 9:38back and retrench. And, and we did and, and we made
- 9:42some changes there. We, we staffed up a little bit
- 9:44more, took a new approach and and then ended up you know, we
- 9:49started, you know growing again. Great story.
- 9:52We ended up, it was funny you talk about my first role at
- 9:55Darden, it was actually Darden that came inquiring on Cheddar's
- 10:00to acquire the company. So that was kind of ironic.
- 10:03It's kind of a full circle for me that we ended up selling it
- 10:06back. I think we did a 10 times EBITDA
- 10:09and and it was a great transaction for for all of us.
- 10:12Oh, great. So Cheddar's that the
- 10:13acquisition was actually to Darden, Yeah.
- 10:15Yeah, it was, which it was pretty funny.
- 10:18Did you stay on post acquisition?
- 10:21I stayed on for for a little bit just to help them transition,
- 10:25but but really wasn't in the in the time wasn't really right to
- 10:29to make the move from from Dallas to to Orlando.
- 10:32So just kind of help them transition and then you just
- 10:35moved on from there. And so as you look back at that,
- 10:38you know, this roller coaster, right, that took place like
- 10:41you're feeling really good because you're, you're in these
- 10:43meetings, you're contributing to all the different departments
- 10:46and the conversations that are going on.
- 10:47You guys are seeing this, you know, rocket like growth.
- 10:52And then you, you, you kind of, you know, we're out over your
- 10:55skis a little bit. As you look back on that time,
- 10:58what would you have done differently from the start?
- 11:01Yeah. And, and I think definitely we,
- 11:03we, we had to build the, the internal team a little bit more
- 11:07first. I think we, we had to put some
- 11:09of that, that scaffolding in place before we started in doing
- 11:13all the hiring. So we, we probably should have
- 11:16done more on the, the HR side and focus more on, on our
- 11:21culture and making sure that was solid.
- 11:22You know, you know, as a finance guy, I attend early in my
- 11:25career, I tended to kind of downplay all that, you know, all
- 11:28that HR cultural culture stuff for a bit.
- 11:31But you know, the more you grow, you see how crucially important
- 11:35that is. I mean, that that's probably the
- 11:36most important thing and we probably should have done more
- 11:39there. And, and I think other than
- 11:41that, I think and, and this is a, a bit of a, I don't know,
- 11:48controversy, I don't know if it's controversy, but I think as
- 11:52you open new restaurants, you can't worry about profitability
- 11:56too quickly. And I think we did that to some
- 11:59extent. You open up in, in, in these new
- 12:03markets and people are coming in to, to try your, your brand come
- 12:06in. And I think you got to realize
- 12:09that that those guests, you know, that's the most precious
- 12:11thing you have is a restaurant customer or a restaurant company
- 12:15is you got to make sure you're taking care of those guests.
- 12:17And I think when you start trying to, you know, tighten the
- 12:20screws too fast, you can have an impact on those.
- 12:24And just once you lose guests a minute, it's expensive and time
- 12:27consuming to try to get them back.
- 12:29And I think the more you can do on the the front side, even if
- 12:32it's it's not quite as profitable, it's, it's better to
- 12:37to keep those people coming back.
- 12:39Give me an example of where you can tighten the screws a little
- 12:42bit too much too early on that might alienate guests.
- 12:46Right, right. I think, you know, the classic
- 12:47one is, is on your, your, your labor schedule, you know, well,
- 12:51hey, we're not doing as much sales as we want.
- 12:53We should probably really pull out a, a couple of servers or a
- 12:57cook on a, on a shift, you know, and when you do that, you open
- 13:04yourself up to, to be, you know, understaffed, You know, if, if
- 13:07the, the guests do come in that, that particular day.
- 13:11And I think you just want to provide the best service you
- 13:14can. And I think, you know, obviously
- 13:16at some point you, you got a right size, but I, I think
- 13:19especially in that first year, you've got to make sure
- 13:23retaining those guests is your number one priority.
- 13:26Yeah. So after Cheddar, I see a few
- 13:31other stops here, Director of Strategic Initiatives at CEC
- 13:35Entertainment, couple years at Wingstop, Director of
- 13:40Operations, the Controller at the Cook Shack and then for just
- 13:45a little over a year now the CFO at Love Management.
- 13:49What? How did the door open at Love
- 13:52Management there? Sure, and I would say, and this
- 13:56is probably true for for most industries, but you know, if
- 13:59you're in long enough, the, the, the, the world gets pretty
- 14:01small. You you have have a lot of
- 14:04connections and interconnectivity between folks
- 14:06in the industry. And that kind of resulted to the
- 14:10love management team reaching out to me to kind of inquire on
- 14:13my interest in in joining the team.
- 14:15Obviously in the DFW area, Tim is well known, you know,
- 14:21everybody is heard of his restaurants and his group.
- 14:26Since he opened, you know, Lonesome Dove Western Bistro
- 14:28back in, in 2000, he's been a, a top name in the area.
- 14:32So, so I was excited to be able to meet with him and talk with
- 14:35him about the opportunity and just was excited once meeting
- 14:39him just about all the things we have going and just I really
- 14:43loved the position since being here for a year.
- 14:46OK. So tell us about this company.
- 14:49Tell us about the different concepts, sort of the central
- 14:53theme that the the thread that kind of weaves them all
- 14:55together. Sure, sure, I'll do that.
- 14:58And, and, and one of the things that I, I would say is that the
- 15:04difference is in some of the other places I've worked is, you
- 15:06know, it Cheddar's or Wing stop, you have a bunch of, of one
- 15:10thing. The cool thing here kind of keep
- 15:12my juices flowing is that we have a lot of different things.
- 15:15We have, you know, high end restaurants, we have nightclubs,
- 15:18entertainment venues, you know, retail, just a lot of different
- 15:22things. So so that's that was really
- 15:23what wouldn't draw, but it's just to talk a little bit about
- 15:26the the company and what differentiates us.
- 15:29And you mentioned this kind of in your opening, but it's really
- 15:33those three key things, you know, bold flavors.
- 15:36We really focus on that doing a lot with the the the fire
- 15:43cooking. We did a lot with the wild game.
- 15:46You'll see that running through a lot of our concepts, our
- 15:48rattlesnake sausage, you know, you'll, you'll see that in, in,
- 15:51in many, many of our locations. So, so that's kind of the, the,
- 15:56the cornerstone foundation that, you know, has carried forward
- 15:59from those early days at Lonesome Dove Western Bistro.
- 16:04But then hospitality wise, we want to make sure we're, we're,
- 16:07we're elevating it there, making sure we're adding those extra
- 16:10touch points and, and making guests feel special.
- 16:14And then one of the things I've been most impressed with is just
- 16:17our, our great atmospheres in each of our locations.
- 16:21And just give me a little bit of a anecdotal evidence here.
- 16:24And I think when you're good at stuff, you know, things tend to
- 16:27transcend kind of age groups. And I know just thinking with,
- 16:31with my kids, they're always, Hey, when can we go out to
- 16:34dinner? And then my oldest daughter,
- 16:37Grace, she wanted to have her 18th birthday at Jemele so she
- 16:40could take pictures in the garden with her and her friends
- 16:43and they can all do the, all the pictures and whatnot.
- 16:46Or, you know, my son wanted me to, Hey, can you get that
- 16:49playlist from Tannehills? Or, you know, my youngest
- 16:52daughter, Margaret, wanting to go to, you know, woodshed to do
- 16:56the S'mores and listen to music. And it's just, you know, really
- 17:00cool atmospheres and really cool things that we, we, we have
- 17:02going on. And I think that's one of the
- 17:03things that Tim is really good at is not, not kind of staying
- 17:08put, but always looking, hey, what more can we provide the
- 17:10guest and be on that kind of cutting edge of of hospitality
- 17:15and and service. So from a creativity standpoint,
- 17:19I could see it being a lot of fun to have these different
- 17:21concepts, right, and do them and do them really well from an
- 17:25operational and finance point of view.
- 17:28Is there part of you that kind of wishes that you would pick a
- 17:31concept and like rinse and repeat, rinse and repeat?
- 17:35Because it's like, hey, once we've got it figured out, we
- 17:38know what the footprint is, the menu.
- 17:40We don't have to reinvent the wheel every time.
- 17:43Well, how do you approach that with it?
- 17:44What's your thought process? Well, sure, it does add, you
- 17:47know, extra complexity to to deal with all the different
- 17:51concepts. But I would say we we are
- 17:53looking to to grow in one of our brands, especially Paloma Suerte
- 17:59where I'm setting up stairs in in right now.
- 18:02It's our our text Mex concept. It it, it's one where we, you
- 18:07know, the, the unit volumes are awesome.
- 18:09That the four wall profitability is just bananas.
- 18:11It it's so good. We have a couple more of these
- 18:14in the pipeline. We have one coming on in San
- 18:17Marcos, one we have set for for Arkansas, which will be a new
- 18:21state for us. So we're excited about that.
- 18:23So, so yeah, to your point, yeah, yeah, I think that does
- 18:26get me excited to be able to scale and grow.
- 18:28And we think that's going to be a good vehicle for us.
- 18:32I think, you know, we're kind of happy to keep growing it, you
- 18:36know, in internally, but ideally we would find a, a great partner
- 18:39that could, could help us with that and, and, and really,
- 18:43really, really scale it going forward.
- 18:44Not so much like a franchise set up, but more of like a
- 18:48partnership where folks are maybe already got a presence in
- 18:52some of these different markets that, you know, would make it
- 18:55easier from a logistical standpoint to establish there.
- 18:58Maybe whether that's, you know, someone you know coming in with
- 19:02an investment in helping you know that has some experience
- 19:04growing brands. Again, not just looking for
- 19:06someone with a checkbook, but someone that can bring, you
- 19:09know, true experience in growing, growing companies.
- 19:14What is it about Paloma Suerte that you think is like so
- 19:18attractive to people? You're like, oh man, the
- 19:20profitability is just, man, we've got it nailed.
- 19:23Well, it just mean just, you know, going back to our core,
- 19:26you know, the, the food is just amazing.
- 19:29And, and you know, we do beer, beer tacos are one of our key
- 19:34things that we do. And they're just, you know, out
- 19:36of this world. But I could say that on all our,
- 19:39our, our concepts truly. But you know, the food is really
- 19:41good, the atmosphere is great. It's just a, a place people want
- 19:44to come and, and, and have a good time and, and, and I think
- 19:48you know when you can do that and you can do that in the
- 19:50elevated, somewhat elevated atmosphere, it's just a recipe
- 19:54for success. Yeah, I'm checking out the
- 19:56website here, Paloma suerteftx.com for folks and some
- 20:05of the drinks here, they just look out of this world and the
- 20:09the ambiance is really cool. Like it?
- 20:12Like I hear you say like upscale, but it's not like a
- 20:14suit and tie. It's still.
- 20:15Like a super tie. But it's a nice place, right?
- 20:20Yeah. And I'm guessing these
- 20:22margaritas are pretty tasty, too.
- 20:24Oh, absolutely. Well, that's fun.
- 20:27And so talk to me. Let's see what we want to go
- 20:32next. What's Let's talk about the the
- 20:36festivals, the large scale dining events that you guys do.
- 20:40It's a big part of Chef Tim loves Bran.
- 20:44Tell me about sort of the different operational financial
- 20:48considerations that come into play with, you know, this side
- 20:52of the business? Sure.
- 20:54And that's, you know, one of the aspects of the business that was
- 20:57kind of new to me, the whole, the catering and the festivals.
- 21:01But I, I think that really allows us or especially Tim to,
- 21:05you know, connect with a lot of these different audiences.
- 21:07You know, we, we do some of the, the bigger festivals across the
- 21:10country, whether it's, you know, Bonnaroo or, or, or Hinterland
- 21:14or, or ACL here in Texas really allows us to, to get our name
- 21:20out and, and boost awareness. But again, getting all that
- 21:24done, you know, takes a lot of effort.
- 21:25We have a, you know, great team that runs our, our catering
- 21:30company and they do a lot of work, you know, moving equipment
- 21:34around, getting food to these different places.
- 21:36So, so there is some complexity that does go along with that,
- 21:39but Jason and his team do do a great job there.
- 21:43And so the the catering, the the festival side of the business,
- 21:48is this available for any of the brands that are under the Chef
- 21:53Tim Love umbrella or are there just certain brands that are set
- 21:58up to do this? Yeah.
- 22:00So, so with the catering company, again, we'd have
- 22:02different menu options that you can choose from, but but again,
- 22:06we have private events in in all of our locations as you can come
- 22:12in and do that as well. OK, talk to us about some of the
- 22:16other cool stuff that you guys are working on because I, I know
- 22:19just you know, little chat pre interview here, you were pretty
- 22:23jazzed about some of the projects you got.
- 22:26Yeah. And I'll just spend a minute and
- 22:27talk about some of our, our, our newer concepts and something we
- 22:31have going. Kind of our most recent thing
- 22:34that we did maybe almost not quite a year ago now is our our
- 22:39Stewart's Croquet Club. It's kind of an upscale bar and
- 22:44croquet field, really fun venue fun.
- 22:50I mean, we have a big croquet lawn that people can rent out
- 22:53and, and have big parties there and very elevated drinks and,
- 22:57you know, martini carts. It's really cool doing good
- 23:02things for us. And then upcoming probably in
- 23:06the next probably month or so, we'll be opening, opening a new
- 23:10restaurant, Meraki, which will be a Mediterranean themed
- 23:14upscale restaurant that that we're really proud of.
- 23:17And I know the team is working hard right now to get that ready
- 23:20for opening, but really more of a kind of a health focus for us
- 23:25with that one. So, so looking forward to to
- 23:27seeing that. So Mediterranean could mean lots
- 23:30of things, could mean Italian, could mean Greek, Turkish.
- 23:33We're leaning towards the Greek side side right now.
- 23:37Yeah. And and tell us the name of that
- 23:40place again. Meraki.
- 23:42Meraki. OK, That should be a fun place.
- 23:44And this is going to be in the Dallas Fort Worth area as well.
- 23:46This is. Kind of where you guys are going
- 23:48to be in Fort Worth, yes. Yeah, the Croquet Club, I I got
- 23:51to hear more about that. Obviously I'm familiar with the
- 23:54sport of croquet, but I've never heard it be like a focal point
- 23:57for a restaurant before. What was behind the decision
- 24:00here? It's kind of fun and creative.
- 24:02And I think that just goes back to, you know, Tim's creativity,
- 24:06he's always coming up with these cool ideas and, and things that,
- 24:09you know, will be fun for, for our, our guests and people that
- 24:13really, really follow our, our brands.
- 24:16But, but it's great. You know, you can go out and,
- 24:18you know, I've never played croquet before, but you know,
- 24:20I've spent several afternoons out there, you know, with, with
- 24:22the cocktail and, you know, with the mallets and, and it's just,
- 24:25it's a blast. So several years ago, friends of
- 24:29mine were having a party in a park nearby and there was a game
- 24:32of croquet, which I like, kind of goofed around with as a
- 24:34little kid, but these guys actually knew what they were
- 24:36doing and they were competitive. And I was surprised.
- 24:40I'm an OK athlete, but I was surprised just how terrible I
- 24:42was at this game. Were.
- 24:45Were you kind of behind the curve too, or did you take
- 24:47naturally to it? Well, I, I don't know about
- 24:50naturally to it, but again, I, I, I played some golf in my
- 24:53time. So I kind of use that a little
- 24:55bit. So I, I think that that was
- 24:56maybe a, it gave me some, some advantage there.
- 24:59Yeah, yeah. I'm a bit of a stranger to the
- 25:01club sports, so OK, so tell us about some of the fun stuff that
- 25:06you're working on, maybe more behind the scenes, like from an
- 25:09operational or finance point of view.
- 25:12Yeah. I think you know, one of the
- 25:15things that that I wanted to focus on when I when I joined
- 25:18the company is just making sure that our our, our financing and
- 25:23accounting kind of could, could match the level that we're we're
- 25:27producing in, in operations. Obviously we're a high level
- 25:31operations company doing doing great things.
- 25:33I just want to make sure we have the, the support and the systems
- 25:37behind the scenes that that they can support those great
- 25:42restaurants. And really the the last year has
- 25:44been focusing on that, making sure we're, we're improving our
- 25:48process, being being more efficient and the like.
- 25:54Are you guys layering in AI to anything that you're doing?
- 25:58Yeah, that that's, you know, the great buzzword.
- 26:02You hear that everywhere you go. I was just at a conference
- 26:04yesterday and that was a breakout session.
- 26:07So, yeah, AI, I don't know that we are are fully on board with
- 26:14that, but I think that is something that I think if people
- 26:18don't adopt that they're going to get left behind.
- 26:19I think it's such a powerful tool, you know, in finance, I'm
- 26:26really trying to bring that in, especially to some of the
- 26:28analytics and and modeling that we do in trying to leverage that
- 26:31more to help us build and and report.
- 26:36But I think that, as you say, there's, there's, you know,
- 26:40unlimited ways you can bring that into a hospitality company.
- 26:43But I think it's just understanding, you know, where
- 26:46those immediate parts are that you, you could, you know,
- 26:51implement some AI and to help you.
- 26:53But again, I think everybody's going to have to adopt it to
- 26:56some extent just because it's, it's such a, a game changer.
- 27:01Do you think looking forward, Craig, that you guys will
- 27:04ultimately, you know, take like a ChatGPT or a cloud or a Gemini
- 27:09and sort of use the LLM as it is?
- 27:12Or will you look to use more third party applications that
- 27:16have the AI technologies already integrated into them?
- 27:23You know, I'm, I'm not, I'm not sure you know, which, which path
- 27:26we would go down. I I can see kind of use cases
- 27:31for each. But, but I, I think we're
- 27:33really, really kind of that that early stage, really trying to
- 27:37understand still in for a restaurant company, you know,
- 27:39where, where does that make sense?
- 27:41And, and I think that's, you know, the, the restaurant tech
- 27:45stack, it, it's, it's always evolving.
- 27:47You know, I could go out and I could, there's so many great
- 27:50technology companies in the restaurant space these days, but
- 27:52you can't bring them all in. You got to pick and choose the
- 27:55ones that are are the most beneficial to you at any any
- 27:58given time. And you want to make some sure
- 28:00that something is a little bit more fully fleshed out, right?
- 28:03Not just like, you know, the the shiny object that just came out
- 28:07last week. You you want to make sure it's a
- 28:09little bit more vetted. Yeah, being on the on the kind
- 28:11of that bleeding edge doesn't really help us too much.
- 28:14We're going to make sure it's kind of proven out a bit.
- 28:17But that's not to say again, like say we're not experimenting
- 28:19with, hey, how can you know, AI, you know, help us, you know,
- 28:23build these financial models or help us do this analysis.
- 28:26I mean really trying to understand kind of the full
- 28:29capabilities and scope that can help us with.
- 28:31You know, as a finance person, you get to see obviously all the
- 28:34data. I wonder if you're spotting any
- 28:37interesting consumer trends? Yeah, and and that that's
- 28:42something we do try to to track and, and monitor.
- 28:47Usually when I do that, I I, you know, keep this big spreadsheet
- 28:51of all these economic indicators.
- 28:53I'm trying to understand, you know, what that's saying about,
- 28:56you know, how can I apply that to our our current.
- 28:57But you do see a lot of especially with, with their
- 29:01traffic, you know, the traffic that's coming in and, you know,
- 29:05inferring that back to, you know, what's going on with the
- 29:09economy. I, I again, we are relatively
- 29:13obviously focused in, in Texas primarily.
- 29:15So it's, it's tough to make a, a macro assumption about, you
- 29:19know, what's going on in, in, in our neck of the woods, but you
- 29:24do look at, you know, your traffic and compared to some of
- 29:27those those macro trends and just to see where, how you're
- 29:30comparing with that. OK, let's talk about COVID.
- 29:36Let's let's let's pick at a scab because you know, man, the
- 29:40hospitality industry really got knocked around, especially
- 29:43during that time. When and where were you during
- 29:48COVID? Which stop were you in?
- 29:51I was fortunate enough to to be at, at Wingstop during COVID,
- 29:55which that was just a boon for them, you know, with, with.
- 29:58The. Takeaways.
- 30:00Yeah, that that was was, you know, a great time.
- 30:03They did a lot of growth, helped a lot of brand partners, you
- 30:06know, grow during that time. So yeah, yeah, generally, yes,
- 30:10that that was a very down time for for the industry as a whole.
- 30:14I was fortunate enough to be a part of a great company,
- 30:16Wingstop, that had some success during that time.
- 30:19Well, and still, you know, while COVID was going on the tail end
- 30:23of the 2021, you took a new role controller at the Cook Shack.
- 30:29And so, you know, maybe it was a little bit different in Texas.
- 30:32Maybe things were a little bit more fully open by then.
- 30:35What was your experience with that company going through the
- 30:38tail end of COVID? Yeah, I think, I think we
- 30:41probably were a little bit, we opened sooner than than a lot
- 30:43of, a lot of the the rest of the country.
- 30:45I think by the time I joined there, we we were again opening
- 30:48some restaurants and, and, and so really weren't too impacted
- 30:52by that. Yeah.
- 30:54So, you know, competitive space, the restaurant industry is
- 30:59Dallas, Fort Worth, a lot of options, but you guys are doing
- 31:03well. What, what's different about
- 31:05your approach to growth and profitability and how do you
- 31:08measure success beyond just the bottom line, Craig?
- 31:13Yeah, and I think it it, it goes back to wanting to make sure
- 31:18your guests are taken care of and making sure we're providing,
- 31:24you know, the good hospitality. We're keeping our our buildings
- 31:30in in shape and making sure, you know, we have, you know, clean
- 31:32what we're friendly. And it just goes back to to
- 31:35those, you know, touch points and, and making sure we're we're
- 31:40provide a great experience for, for our guests that that that
- 31:42choose to spend their money with us.
- 31:43I. Mean you're the CFO, but you've
- 31:46worn so many different hats, you know, and some of these
- 31:48different stops along the way. You know, now that you're, you
- 31:52know, in sort of the top of the finance position, Craig, do you
- 31:55find yourself being a bit more siloed, focusing more
- 31:58specifically on what's going on from a finance perspective?
- 32:02Or do you find that since you've got this great experience and
- 32:06operations and you know you've touched in tech and marketing
- 32:09before that you've still got your fingers kind of spread
- 32:12throughout the the entire company?
- 32:15Well, have some, this one last year been really focused on, on,
- 32:19on the finance side because I, I think we had to add some work to
- 32:21do there to, to get up to where I think we, we should be.
- 32:25But I think you probably would talk to my peers and they
- 32:28probably get tired of me, you know, poking in to and ask
- 32:31questions of, you know, about their, their teams and whatnot.
- 32:34But yeah, I can't hardly keep from it.
- 32:35I'm always interested in all those areas, whether it be
- 32:38marketing or operations, just that to make sure I have a pulse
- 32:41on, on what's going on. And I think it's, you know, from
- 32:44my perspective anyways, it just seems like such a natural move,
- 32:47right? You know, I think, you know,
- 32:49sometimes people from the outside who haven't kind of been
- 32:51behind the scenes in a company, they think, oh, finance, they're
- 32:53just running numbers and, you know, making sure there's money
- 32:55in the bank account. But you have so much insight on
- 32:59what's working from an operational perspective that
- 33:02it's just natural for you to be able to support all the
- 33:06different parts of the company. Yeah, yeah, I think, I think
- 33:11it's, you know, that that support is key.
- 33:15Yeah. OK.
- 33:17So I'm going to ask you to pick from your favorite kids which
- 33:21which is your which is your favorite restaurant and then
- 33:24which is your favorite menu item?
- 33:27Oh, yeah, that, that's a tough one that now, you know, you're
- 33:32putting me on the spot here. And I probably would say
- 33:36favorite item probably is the beer of tacos here at Paloma
- 33:39Suerte. But but favorite restaurant I
- 33:42got to, I got to go with old school.
- 33:43And I got to say, you know, Lonesome Dove Western Bistro,
- 33:46that that's, you know, where it all started for us.
- 33:48Great experience there. So.
- 33:50So got to go with that. What advice would you give to
- 33:56others in the world of finance that are looking to advance
- 34:00their career in the hospitality industry?
- 34:03Sure. And I'd probably say, you know,
- 34:04if it's, you know, advice towards maybe the people younger
- 34:07in their careers, you know, just just starting out, I would just
- 34:11maybe say slow down just a bit. You know, where you can really
- 34:15add value is not just, you know, producing a report or, or
- 34:20handing something in. It's thinking about the the
- 34:25second or third question that's going to come from that
- 34:27analysis. And I think putting that extra
- 34:30work in and thinking beyond just, you know, what is
- 34:32requested of you that that's how you get ahead is putting in that
- 34:36extra work and, and answering those thinking about what
- 34:40questions, you know, the CEO or the CFO is going to have for you
- 34:44and really trying to to follow up and anticipate that.
- 34:48No, go ahead. OK.
- 34:51So finance guy, marketing experience, you guys open a new
- 34:54location, What is been the best growth levers for you in terms
- 35:00of driving new foot traffic to that place?
- 35:05I would say, you know, asking like for for specifically for a
- 35:09location or or kind of what do you?
- 35:11Yeah. When you guys open a new
- 35:12restaurant, what's been your most effective approach to
- 35:16getting, you know, butts in the seats, feet in the door?
- 35:21Yeah, I think we we take the approach here and we do a lot of
- 35:25a lot of social media that that's key these days.
- 35:28Obviously a lot of word of mouth and is just the, the, the
- 35:33brand's strength across our system.
- 35:36I think anytime you know, we get the word out that, you know,
- 35:39Tim's opening a new spot that automatically brings a lot of, a
- 35:42lot of eyes to, to to the location.
- 35:45So we're fortunate that we can piggyback.
- 35:47You've already got that previous brand name recognition from
- 35:49Chef. Absolutely.
- 35:50Yeah. And I think it may be
- 35:52underestimated that a bit before coming on and but just kind of
- 35:55seeing that in practice, you really kind of step back and
- 35:58say, well that that is a powerful, powerful tool.
- 36:01Well, you know, and that helps me understand even more the the
- 36:04answer to an earlier question I asked, which is why don't you
- 36:06guys just, you know, rinse and repeat on the same concept?
- 36:09Well, because, you know, if you're in the same metro area
- 36:13with all of your, with most of your concepts right, in the
- 36:16Dallas Fort Worth area, you know, you can't have 40 of the
- 36:20same concept everywhere, right? So you've got to be creative.
- 36:25You've got to have more locations.
- 36:26And that common thread is the strength of Chef Tim's name.
- 36:31Like people like Tim love. Yeah, we got to go check it out
- 36:35because we know that he does good stuff.
- 36:37Yeah, absolutely. No.
- 36:40OK, so if you had to recommend a resource to our audience, a
- 36:45book, a podcast, a course, something that's been helpful to
- 36:49you in either your career or your personal development that
- 36:53others might find interesting, what would that be?
- 36:55Sure. And I think really two come to
- 37:00mind. One of them, since I'm in the
- 37:04hospitality space, I'm kind of obligated to say this, but
- 37:08Setting the Table by Danny Meyer, great book.
- 37:11Probably 1 I go to and and I think I listen to more books
- 37:14these days and then read them, but I probably listen to that at
- 37:16least once a year. I just think he has so much
- 37:19great insight on on the hospitality industry with his
- 37:25get guest folk or team focused, get in guest focus.
- 37:31You know, core values is a key component of, of what you see in
- 37:35in that book. Just just a great resource for
- 37:37anybody that, that hasn't had a chance to, to go through that.
- 37:42And I'll say beyond that, I would say pretty much anything
- 37:44by Patrick Lincioni and, and his table group.
- 37:48Love, love his books, all the the fable intros and and
- 37:53whatnot, But the the one I I use quite a bit is that ideal team
- 37:56player where you talk about the the concept of humble, hungry
- 38:01and smart when you're looking for employees.
- 38:06I think that's a very powerful message and one that I've used
- 38:10is I've hired throughout my career.
- 38:13Is that something that you present to other members of your
- 38:18team like hey, I think this would be a good book for you to
- 38:20consume or this is just both of these books are things that you
- 38:23come back to on a regular basis just to re inspire you on the
- 38:29core values? Well, I think, I think it's some
- 38:31of both and obviously I do go back to, to both of those, but,
- 38:33but do you know highly recommend those to to people on my team as
- 38:37well. You know, you know, Craig, in my
- 38:40experience, growth often comes from overcoming big challenges
- 38:45in our lives. I'd be curious to hear about a
- 38:48significant challenge that you've overcome in your life and
- 38:52what you've learned going through that.
- 38:56Sure, sure. And that's that's a tough one.
- 38:57You know, people don't like, you know, talking about one of those
- 39:01personal challenges a a lot. And I think first I would say
- 39:06that, you know, challenges are, are, are are real personal.
- 39:11You know what might be hard for for me, it is maybe easier for
- 39:14you or, or even even within the same person, you know, what
- 39:19might be easier for now might be very difficult, you know, a
- 39:22couple of years ago. So I, I think challenges are,
- 39:26are, are very personal and you and everybody has them.
- 39:28So, so you have to kind of understand that the people are
- 39:31or what people are going through and empathize with that.
- 39:35I think personally, I think the biggest thing that we probably
- 39:38went through was, I guess a little over 18 years ago when my
- 39:41oldest daughter was born, she was born with a severe heart
- 39:45defect. And, and as you can imagine,
- 39:47that just kind of throws your whole world for a loop.
- 39:50I mean, you know, lots of emotions, you know, what are we
- 39:52supposed to do? I think, you know, thinking back
- 39:55to the, the, the day I was pulling through the, the line to
- 39:59go pick up my wife and, and daughter.
- 40:01And then the doctor said, Hey, I want to work one more test
- 40:04before I let you get out of here.
- 40:05And they ran the test and next thing you know, we're.
- 40:09Going to another hospital and we're talking heart surgeries
- 40:13and it's really, really crazy stuff.
- 40:16But I think as long as you have a good framework, you can help
- 40:21work through those those challenges.
- 40:24What kind of framework are we talking about?
- 40:27Well, sure. And I think, you know, the
- 40:29couple aspects to that. And I think the first thing you
- 40:32really have to do is stop and assess what's going on.
- 40:37And really, I think you got to make your world small.
- 40:41I think if you, if you, if you're thinking too, too macro,
- 40:44you just that's when you tend to spiral.
- 40:47If you start thinking about all the ramifications that could
- 40:50happen and, and, and whatnot. So I think you really got to
- 40:54close down and think, Hey, what can I control?
- 40:55What kind of decisions can I make now that will help us go
- 40:58forward, whether it's, Hey, I got a, you know, to get in touch
- 41:02with this doctor or I got to find out, you know, what the
- 41:05schedule is and just, you know, what are those quick wins you
- 41:08can have to make sure you're feeling like you're progressing
- 41:11and assisting with that. And I think that's crucially
- 41:14important, you know, with any kind of problem that you're
- 41:17dealing with. And I think that really leads,
- 41:22leads to maybe a, a learning aspect.
- 41:25Obviously they don't teach a lot of part anatomy and B school,
- 41:29right. I, I don't, you know, in those
- 41:31first conversations with, with doctors, you know, your head is
- 41:33spinning and you don't know what's going on, but you have to
- 41:38educate yourself and you have to get up to speed.
- 41:41So you have to do a lot of reading, learning what what's
- 41:44going on. You know, I think I always had
- 41:47to moniker a doctor, Google for a for a bit during that, but
- 41:50just because I was, you know, reading all these, you know,
- 41:52research papers and but just try and get up to speed because I
- 41:54think it's important. One you want to have be able to
- 41:57have intelligent conversations, right, because yes, I'm never
- 42:00going to be a doctor, but hey, I can you know do some critical
- 42:03thinking and I am decent at problem problem solving and you
- 42:07know some of those echocardiograms, you know a lot
- 42:10of the output looks like statistics and hey, I can kind
- 42:13of get my mind wrapped around that a little bit.
- 42:16So I think it just, if you can learn, you know, really what's
- 42:20at the, at the heart of that problem, it just, it helps you
- 42:23to get through it and at least have good conversations on it.
- 42:30But then I think really beyond that is maybe some
- 42:32prioritization. You know, it's, it's never
- 42:36really just one thing, right? Because yes, dealing with our,
- 42:41our daughter's heart was our, our main focus.
- 42:44We had to, you know, turn the burners down on all the other
- 42:47things going on and we had to focus on that.
- 42:50But that's not to say that you can just ignore everything else,
- 42:52right? I mean, we had a young son that
- 42:55he doesn't understand what's going on, but he has needs and
- 42:58you got to make sure you're still there for him.
- 43:00And yes, work is being, you know, they're taking care of you
- 43:05and supporting you, but you can't just, you know, completely
- 43:08shut the door off. So you got to have you got to
- 43:10make sure you're at least, you know, touching base and having
- 43:13some, you know, minimal contacts on those other things that are
- 43:17going on. Are you going to end up with a
- 43:19another problem down the road? So it's prioritizing and then
- 43:22it's just kind of reassessing it as you go and and as you check
- 43:28those things off the list, just seeing where you are and
- 43:31reassessing. And and that's what really
- 43:33helped me get through and kind of to lead through through that,
- 43:37that that crisis. And, you know, we'll say that
- 43:40that first, you know, surgery we had that was, and when we first
- 43:43found out, that was, you know, a tough one.
- 43:46And, and that that was had really set us back in the, but
- 43:49as you move through and not that the surges are any less
- 43:55meaningful, but you're prepared for that and, and you get
- 43:59through it a lot easier. And then obviously daughter's
- 44:02doing great Now she's getting ready to graduate in, in in the
- 44:05spring and, and you know, it turned out well for us.
- 44:08So, so that was what was a great win for us.
- 44:11So from the time that you found out about your harder, your
- 44:14daughter's heart condition to when call it the last surgery or
- 44:18when you knew that OK, this is fully resolved for OK, now
- 44:21what's that time frame? I, I think, you know, the bulk
- 44:28of the, the surges happened, happened early on, you know, and
- 44:32by the time she's, you know, through kind of elementary
- 44:35school, you've had, I think it was a series of three surgeries
- 44:39and you've made it through that. And it's just, you know, dealing
- 44:43with, with maintenance stuff after that.
- 44:44So, so that first kind of very young years to life is when the
- 44:48bulk of that hit. You know, and as a parent, you
- 44:51know, I, I, I've got two boys and, you know, when they're
- 44:55really sick, man, you know, my heart is, you know, just on
- 45:01fire. But you know, my stomach is in
- 45:04knots, but never anything like what you've been through.
- 45:08You know, as a parent, like, you want to take all that pain away
- 45:11from the kids, especially like as a newborn, like seeing them
- 45:14go in to have open heart surgery.
- 45:16I just have to imagine that. And what does that do to you?
- 45:20Yeah, I mean it just, yeah, it's the very, very emotional and
- 45:24humbling in trying to get through that.
- 45:26And but you know, you got to get through it.
- 45:30It's not a choice. You just got to do what you do
- 45:33to, to, you know, take the next step forward and be there in
- 45:37support and, and you know, love as as much as you can.
- 45:41You know, and you just went through that framework that you
- 45:44used, which was super helpful. You know, and I, I, for folks
- 45:50listening, I think this is going to be a point where a lot of
- 45:52them rewind, go back and listen to that framework again because
- 45:55there was lots of wisdom there. But was this a framework that
- 45:58you had already kind of in your mind from what you had done
- 46:02professionally or was it a framework that you kind of
- 46:06developed as you went along through your daughter's
- 46:08condition? I think it was more of of as, as
- 46:12you went along, you kind of develop, but you know, I can
- 46:16also never have had challenges, but but nothing to that extreme.
- 46:21You know that that's, you know, challenges, you know, turned up
- 46:23to 11, right. So, so it was kind of trying to
- 46:27learn, learn through that. You know, I've talked with a
- 46:32number of other parents on this show that either themselves or,
- 46:36you know, close relative, usually a child has a severe
- 46:39health condition. And they talk about one of the
- 46:44elements that you spoke about, Craig, which is like educating
- 46:47yourself, really learning as much as you can about the
- 46:50condition. In part because at least from
- 46:53their experiences, they felt that if they didn't have that
- 46:58knowledge and didn't have the capacity to ask those really
- 47:02thought provoking questions, they don't know that the outcome
- 47:06would have been as good. Because sort of the way medicine
- 47:11works in a lot of cases is things are so silent off, right?
- 47:14And it's like you get passed from this specialist to this
- 47:16specialist to this specialist. Did you feel like any of that
- 47:19was going on where if you weren't sort of being the
- 47:22quarterback for her care, that things were going to slip
- 47:25through the cracks? Well, I would say, you know,
- 47:29first of all, we had a lot of amazing doctors and nurses that,
- 47:32you know, helped us through that the whole thing.
- 47:35But, but I think, yes, I think if you're, if you're not being
- 47:37proactive on, on, on your care, I think you're, you're not doing
- 47:44yourself justice. I think you have to advocate for
- 47:46yourself and make sure you are asking those, those, those
- 47:50questions because at the end of the day, you know, the doctors
- 47:53and nurses, they're just people that they're not perfect and you
- 47:57want to make sure you you're feel good and have confidence
- 48:01in, in what they're doing. Yeah, that makes a lot of sense.
- 48:05So Craig, let me ask you this. What is your superpower?
- 48:10Well, well, you know, we, we watched a lot of Marvel movies
- 48:13back in the day. But, but you know, I, I don't
- 48:15know that I, I claim in any superpowers.
- 48:19I, I think, I think I would say if I had one characteristic
- 48:23that's kind of helped me through my career is just, is, is plain
- 48:29and simple, just hard work. I've never really been naturally
- 48:33talented at anything. Anything that I've been good at,
- 48:35I've had to really grind and, and work hard for.
- 48:38And I think that's just what really what I've leaned into
- 48:42over the course of my career, knowing that, hey, I'm I'm going
- 48:46to work and I'm going to work consistently and hard every day.
- 48:49And I'm probably going to outwork you.
- 48:51And at the end of the day, I'm going to be in a better place
- 48:53just because I'm willing to put in the hard effort and, and,
- 48:57and, and grind it out. I.
- 48:59Like that, I want to go back to the restaurants and because you
- 49:06alluded to this earlier, Craig, the importance of the team that
- 49:10you've got, right, like every great company has a great team
- 49:14behind it. How do you guys approach,
- 49:18especially in a high turnover industry, you know, retaining
- 49:22and recruiting good staff? Yeah, and and again, staff is
- 49:29everything for a hospitality company.
- 49:33I've never, you know, a restaurant that's had problems
- 49:36or if, if they're not staff, they tend to have problems.
- 49:39So so you got to make sure you're you're getting that
- 49:42right. And I think what we want to work
- 49:45and make sure we're attracting the right type of talent.
- 49:47And I think that goes back to our kind of our core values and
- 49:51really going back to that, you know, then she only booked it
- 49:55that I talked about you making sure that these people are are
- 49:59hungry, they're humble and, and, and, and smart and, you know,
- 50:03good fits for, for the company. Yeah.
- 50:07Any, I know that you're not probably directly involved with
- 50:10the hiring, but in your past there any good interview
- 50:14questions that you like to ask that you feel like they help to
- 50:17flesh out something in particular to to know if this
- 50:20person's going to be a good fit? Yeah.
- 50:22I don't know how, how good it is.
- 50:24I, I don't claim to be the best interviewer ever.
- 50:28One of my favorite ones to, to talk through is, is talking
- 50:32about someone's success. But then what, what roadblocks
- 50:38they, they ran into and how they, they, they overcame that.
- 50:42And I think that's important because it helps you get an
- 50:45understanding of, yeah, you know, their thought process and
- 50:49how they're approaching problems because, you know, rarely, you
- 50:53know, successes. They're just successes, right?
- 50:55You, you've had to go through, you know, a bumpy road and and
- 50:59then you succeed. It's it's not just a straight
- 51:01oh, I did this and it worked. I'm glad that you highlighted
- 51:05that because, you know, these are the favorite types of
- 51:07questions I like to ask on the show, whether it's, you know,
- 51:10with your current employer, Chef Tim Love love management or a
- 51:14previous stop along the way. Can you highlight a particular
- 51:19work challenge that you had to navigate and how it's has
- 51:25influenced your approach to business going forward?
- 51:30And I think I, I probably the, the biggest challenge is growth.
- 51:38And that goes back to that, that Cheddar story that we talked
- 51:40about a little bit earlier. When you, you know, growing a
- 51:45company is extremely difficult and, and just making sure that
- 51:49you have everything in place to, to grow that, you know, there's
- 51:57a lot of, lot of work that goes into that.
- 51:58You got to make sure you have, have, have the right team in
- 52:00place, You have a, you know, a solid plan.
- 52:06And then it, it's set up for people to execute easily.
- 52:11I think if you have a, a process that it's convoluted or not
- 52:16well, well thought out, I think you just end up in a bad spot.
- 52:21So I think it's key of when you're trying to grow is make
- 52:25sure that that's as easy as possible for the people you're
- 52:27bringing in to that environment. How about some daily practices
- 52:33that Craig either help you get your day started or keep you on
- 52:36track as you're going? Sure.
- 52:39I would say one thing that's really benefited me probably the
- 52:42last couple of years is really just adopting really a, a
- 52:47morning routine and just trying to be more active during the
- 52:51week. But you know, really trying to
- 52:53get up early, do some exercise is has been a, a great help for
- 52:58me. So I would encourage anybody to
- 53:00try to get on that, that, that standard routine and, and just
- 53:04move more. I think it's it's a good.
- 53:07So we talked a little bit about some of what the future of the
- 53:12company might hold, right? You're going to take this one
- 53:15concept and you know you want to produce more of them.
- 53:19Anything else that we haven't given voice to yet?
- 53:23I just, you know, from, from a growth perspective, I think you
- 53:25know that Paloma Suerte is our focus.
- 53:28But again, that's not to say that we, we don't want to grow,
- 53:31you know, other concepts as well.
- 53:32I think there's definitely room for more lonesome doves out
- 53:35there in the right, right markets is the same with with
- 53:40some of our other concepts as well.
- 53:43So I, I think a lot, lot of growth potential here as as a,
- 53:47as a company. Yeah.
- 53:50Any exciting industry trends that you're keeping an eye on?
- 53:54Well, I think, you know, we, we touched on the 1, you know, the
- 53:56AI, I think that's the one that that's most exciting about that.
- 53:59Everybody's talking about that. It's got got a lot of potential.
- 54:03Other than that, you know, hospitality is, you know, it's
- 54:05pretty boring. It's it is, it's pretty, I mean,
- 54:08it's you know, you got to take care of your guests and you got
- 54:11to give them good food and make sure they have have a good
- 54:14environment. And if you're doing those
- 54:16things, you know, I think that's kind of timeless throughout
- 54:19hospitality, that if you're doing those, you can succeed.
- 54:22OK. What's your favorite thing to do
- 54:23outside of work, Craig? Oh yeah, that's funny.
- 54:28We were talking about that. Just my wife and I were talking
- 54:30about that just the other of the day is that, you know, for so
- 54:33many years we have, you know, 3 kids, you know, and for so long
- 54:38that that's what kind of been our weekend is, you know, going
- 54:40to soccer games or dance recitals or dance competitions.
- 54:44And now, you know, our, our youngest is, goes into high
- 54:47school next year. So we're almost at the end of,
- 54:49you know, that that phase of our life.
- 54:51So you know, what will, how will we fill our time?
- 54:54So I, I don't know what that will be.
- 54:56Maybe I'll get the golf clubs out of the closet and dust those
- 54:59off or something. I thought you might tell me
- 55:01Croquet. Yeah, it could be that too.
- 55:04All right, I just got one more question for you today.
- 55:06Craig, before I ask and I want to do 3 quick things for the
- 55:09audience. First of all, got to point you
- 55:12to their website, cheftimlove.com.
- 55:14You can find all the concepts listed there.
- 55:16Branch you off to their individual website so you can
- 55:19check out pictures, menus, the pictures of the drinks that
- 55:22looked amazing. So Chef timlove.com.
- 55:25And we'll include a link to Craig's LinkedIn profile on the
- 55:29show notes, but you can find him by searching for Craig Cooper
- 55:33and Love management. Also, if you're enjoying the
- 55:36show today, a quick comment or review on your favorite podcast
- 55:40app goes a long way towards helping others discover our
- 55:43show. So thank you for taking a quick
- 55:46moment to do that right now. And as a reminder, you can get
- 55:49your restaurant employees access to therapists, doctors and
- 55:53prescription meds that, as paradoxical as it seems,
- 55:56actually increases your company's net profits, real
- 55:59gains that can change how a business is valued.
- 56:01Contact us today at AD back benefits.com.
- 56:04So last question for you, Craig. A year from now, what is 1 very
- 56:08specific thing that you hope to be celebrating?
- 56:12Yeah, again, hope to be celebrating continued growth of
- 56:18of the company from a professional standpoint and then
- 56:21just hopefully we'll have another great year.
- 56:23You know family wise that you know that the kids are are doing
- 56:26great and and and healthy and succeeding.
- 56:30All right, Craig Cooper from Love management Chef Tim loves
- 56:34Umbrella. I want to be the first to thank
- 56:36you for sharing both your time and your story with us today.
- 56:39I really appreciate you being. Here.
- 56:40And Anthony, thanks for having me.
- 56:43Folks, that's a wrap on another episode of the Inspired Stories
- 56:45podcast. Thanks for learning with us.
- 56:48And if one thing stood out, put that into action today.