Acquiring Minds

How to Buy a Neighborhood Institution


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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
...more
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Acquiring MindsBy Will Smith

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