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How to Buy a Neighborhood Institution
Podcast |
Acquiring Minds
Publisher |
Will Smith
Media Type |
audio
Categories Via RSS |
Business
Entrepreneurship
Investing
Publication Date |
Mar 02, 2023
Episode Duration |
01:01:17

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:

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