Why would someone sell a business for a reported 9-figures… and then buy the same business back in one of the toughest markets imaginable?
John Vincent is the co-founder of LEON Restaurants, bestselling author of Winning Not Fighting, and one of the most original thinkers in British business.
He explains:
▪️Why he felt he had to buy LEON back
▪️Why most businesses get purpose completely wrong
▪️How rising rents, VAT, National Insurance and the government are crushing hospitality
▪️Why chasing money as the main goal often makes businesses worse
▪️How LEON was built to prove that business can be based on love, purpose and profit
▪️Why the UK High Street is being damaged by policy, not just market conditions
▪️How founders should think about money, mission, control and long-term value
FIND OUT MORE ABOUT THE SHOW HERE https://buildingthebrand.co.uk
KEY MOMENTS:
0:00 Buying LEON back
01:12 “Petrified and excited” at the same time
03:30 From idea to execution of the buy-back deal in under a year
04:39 Why John doesn’t believe in combative negotiation
06:40 Why he fully walked away after selling
08:49 The moment he realised LEON wasn’t right
11:03 Why owning less than 50% means you don’t own the business
12:07 The equity mistakes he made early on
15:49 Why hospitality is such a capital-intensive business
17:32 From Bain to building LEON
21:26 “McDonald’s in heaven” - the original LEON vision
23:14 Why restaurant rents have become unsustainable
25:28 Why John believes the government is killing hospitality
27:15 “I had to do it” - why he bought LEON back
35:08 Why he believes business should start with love
42:31 Why life is not a journey or destination
44:49 How purpose and profit can coexist
48:45 Why John thinks of money like water
52:27 The externalities LEON actually cares about
54:20 Can you do the right thing and still make money?
52:27 The externalities LEON actually cares about
55:07 Can you do the right thing and still make money?
55:21 Where John’s worldview comes from
1:05:28 Why founder-led, purpose-driven businesses matter more than ever
1:06:05 How to build real purpose into a business from day one
1:12:10 What happened immediately after the deal was done
1:14:16 The secret pre-deal planning and day-one execution
1:16:06 Rebuilding the leadership team around LEON
1:30:11 The three biggest policy levers UK government should usethat could help hospitality fast
1:34:03 The family sacrifices behind building - and buying back - LEON
1:36:26 Why having honest people around you matters
1:43:31 The influence of John’s mum, mindset and personal belief system
1:45:15 John’s self-awareness, anger, and where he feels he still falls short
Follow John:
https://leon.co/
https://www.instagram.com/johnv_leon
Read John's Book:
https://www.amazon.co.uk/stores/John-Vincent/author/B00I50RNPW?ref=ap_rdr&shoppingPortalEnabled=true