How to Buy a Neighborhood Institution
Andrew Sieve saw his life implode after COVID. Buying a highly profitable 40-year-old restaurant turned things around.
Topics in Andrew’s interview:
Andrew’s family history of owning and operating restaurants
Why he prefers smaller restaurants
The tragedies of 2020 that led to him exiting his family’s business
Moving from Minneapolis to Colorado to start over
How a chance meeting led to him buying a restaurant
How they achieved a smooth transition
What factors make restaurants difficult businesses
The risks in acquiring an institutional legacy restaurant
How he funded his acquisition through…
The skinny
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