logo
episode-header-image
May 2024
1h 30m

When a Restaurant Is a Great Business to...

Will Smith
About this episode

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:

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

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

Connect with Acquiring Minds:

Up next
Today
From Sales Freefall to $1.2m/Month
By reconceiving the paint dealership he bought as a marketing & sales organization, Ryan Adams pushed it to new heights.Topics in Ryan’s interview:Transferring from military to businessFocusing on selling one serviceUnderestimating working capital needsThe business tanked after a ... Show More
1h 31m
Jul 7
Reviving a Covid-Crushed Business: $0 to $6M in 3 Years
Adam Rao took a chance on an exhibit production business that had generated zero revenue in 15 months. It's gone well.Topics in Adam’s interview:Discovering impact companiesAcquiring with a business partnerBuying a distressed business during CovidGetting 100% seller financingInhe ... Show More
1h 21m
Jul 3
Scaling a Tiny Acquisition to a PE-Backed Exit
Phil Miller turned a tiny pet shop doing $100k in sales into a regional pet boarding brand — and the ideal PE platform.Topics in Phil’s interview:Pivoting from real estate to the pet industrySlow renovation creating a financial messDelegation is the key to growthThe real cost of ... Show More
1h 50m
Recommended Episodes
Apr 15
How An Online Marketer Raised $100M For His Business | Brian Moran
In this episode of The Wealthy Way podcast, I sit down with Brian Moran, the founder of SamCart, an eCommerce platform that helps business owners sell products, maximize profits, and build long-term customer relationships. We dive into Brian's journey, the birth of SamCart, ... Show More
1h 37m
Jul 4
How I Bought a $3.4M Business For $200K
Want Sam's Playbook to Uncover Hidden Business Opportunities? Get it here: https://clickhubspot.com/weo Episode 723: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to Shaan’s college friend Dan Certner ( https://x.com/youneedbags ) about how h ... Show More
1h 21m
Oct 2024
Get Pumped Up with David Scott Peters and Restaurant Marketer Matt Plapp
As a restaurant owner, you won’t want to leave your restaurant’s future to chance, but it can be overwhelming to set goals and develop the plans you need to achieve them. One proven way to get clear on your goals is to put them in writing. and share them with your team. This kind ... Show More
1h 1m
Oct 2024
“I’m worth about $3 billion” What Happens When You DON’T Sell Your Business
What happens when you don’t sell your company and keep growing it for decades? For Oscar, it means you become a billionaire.Oscar bought a company every six weeks for 20 years and now his business is worth about $50 billion. Yet, he still wears $15 t-shirts and lives by the value ... Show More
43m 52s
Nov 2023
#65- Rick Vazza - Adding a Franchise to Your Business
In this episode, John Wilson is joined by Rick Vazza, an owner and operator of plumbing companies in the San Diego area. Rick Vazza discusses his journey of purchasing and launching a drain franchise, Zoom Drain in San Diego, as part of his existing plumbing business. He highligh ... Show More
32m 46s
Sep 2024
Meet the Man Who Did Over $4B in Acquisitions - Roland Frasier 💵 EP 86
Roland is a "recovering attorney" and the co-founder and principal of five different companies recognized by Inc. Magazine as some of the fastest-growing in e-commerce, e-learning, real estate, and SaaS sectors. As a serial entrepreneur, he has founded, scaled, or sold more than ... Show More
32m 57s
Nov 2024
Insights from an Owner on the Cutting Edge of Restaurant Growth and Management
My guest for this episode of The Restaurant Prosperity Formula is Avery Ward, CEO of Little Italy Pizza in Ohio and a mentor in my coaching program for restaurant owners. Our discussion highlights Ward's journey from working directly in his restaurant to leading a thriving multi- ... Show More
57m 29s
Feb 2025
"I Fast-Forwarded My Life 10 Years”: How Geo-Arbitrage 3X’d My Wealth and Changed My Life
What if you could fast-forward your financial goals by ten years just by moving abroad? That’s exactly what entrepreneur Rob Hoffman did when he relocated to Colombia, where his $3M net worth stretches as if it’s $9M. Rob, a member of the Hampton community, shares how he built a ... Show More
32m 6s
Jul 1
How Gusto built a $9.5 billion company by identifying a burning problem
Tomer London is the co-founder and Chief Product Officer at Gusto, the payroll and people platform used by over 400,000 businesses. He grew up helping run his dad’s clothing store in Israel — an experience that sparked his mission to build better tools for small business owners. ... Show More
55m 1s
Jul 2024
MBA2499 Why I Never Needed Investors For My Businesses
Ever thought about whether you really need investors to build a successful business, or if it’s possible to thrive without their backing? Many entrepreneurs believe that securing investor funding is crucial for launching and growing their ventures. But what if there’s an alternat ... Show More
18m 2s
Listen to millions of songs and podcasts on Anghami