46 min listen
How to Buy a Neighborhood Institution
FromAcquiring Minds
ratings:
Length:
61 minutes
Released:
Mar 2, 2023
Format:
Podcast episode
Description
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 a community bank
His vision for the next 5 years
Links and how to contact Andrew:
LinkedIn
Bigger Pockets Real Estate
Bigger Pockets Money
Connect with A-players who can run your business remotely:More StaffingGet complimentary due diligence on your acquisition's insurance & benefits program:Oberle Risk Strategies - Search Fund TeamConnect with Acquiring Minds:
See past + future interviews on the YouTube channel
Connect with host Will Smith on LinkedIn
Follow Will on Twitter
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 a community bank
His vision for the next 5 years
Links and how to contact Andrew:
Bigger Pockets Real Estate
Bigger Pockets Money
Connect with A-players who can run your business remotely:More StaffingGet complimentary due diligence on your acquisition's insurance & benefits program:Oberle Risk Strategies - Search Fund TeamConnect with Acquiring Minds:
See past + future interviews on the YouTube channel
Connect with host Will Smith on LinkedIn
Follow Will on Twitter
Released:
Mar 2, 2023
Format:
Podcast episode
Titles in the series (100)
How to Buy a Medical Billing Business: Less than a year after acquiring a $1m medical billing business, Curt Neider is already looking for his second deal. by Acquiring Minds