• When a Restaurant Is a Great Business to Buy

  • May 16 2024
  • Length: 1 hr and 30 mins
  • Podcast
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When a Restaurant Is a Great Business to Buy

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  • Summary

  • Jarett Berke told his intermediary "no restaurants" but changed his tune when he saw what a great business Lou's was.

    Topics in Jarett’s interview:

    • Finding a business through an accountant
    • Why restaurants are a tough business
    • Comparing military service to running a restaurant
    • Buying a restaurant with exceptional margins
    • Learning every job in the restaurant
    • Pivoting to delivery during Covid
    • Doing a stock deal instead of an asset purchase
    • Reinvesting by adding tables and renovating
    • 60% growth in 6 years
    • What he likes about the restaurant business

    References and how to contact Jarett:

    • LinkedIn
    • Lou’s Restaurant
    • jarett@lousrestaurant.com

    Get complimentary due diligence on your acquisition's insurance & benefits program:

    • Oberle Risk Strategies - Search Fund Team

    Work with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:

    • Matthias Smith of Pioneer Capital Advisory

    Connect with Acquiring Minds:

    • See past + future interviews on the YouTube channel
    • Connect with host Will Smith on LinkedIn
    • Follow Will on Twitter
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Leadership Economics Personal Finance
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