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 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 Staffing

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

• Oberle Risk Strategies - Search Fund Team

Connect with Acquiring Minds: 

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