The Hardest Lessons From 20 Years of Owning Restaurants Part 3

This is the third and final part of my journey as a multi-unit restaurant owner. I share the real cost of growing a restaurant business too fast.

I lost the lease on my first shop after ten years of hard work (my landlord gave my space to the neighbor next door).  Then I opened a fifth location at the worst possible time and my sales were almost non-existent.

I was overwhelmed with loan payments, I lost a key manager, and I worked 100-hour weeks (again).

THANKFULLY I fixed everything…

And in this episode, I’m sharing how - so you can learn how to scale a restaurant the right way.

Tune in to discover:

✅Why opening more restaurant locations doesn’t automatically create more profit
✅How poor lease planning can cost restaurant owners years of work and tens of thousands of dollars
✅Why multi-unit restaurant ownership requires a completely different skill set
✅How I realized I’d scaled beyond my systems, team, and leadership capacity
✅The overlooked skills that are 100% foundational to a restaurant's success
✅The dangers of debt, short loan terms, and opening before your business is ready
✅How COVID tested restaurant systems, leadership, delivery, marketing, and cash flow
✅The BIG alternative to cost-cutting restaurant owners should be focusing on instead

Key moments:

00:00:00 Intro
00:02:54 Losing the lease
00:07:50 Lessons from location one
00:10:10 Hiring a business coach
00:16:40 Building real systems
00:23:10 Scaling talent and leadership
00:26:40 The fifth location mistake
00:33:10 The marketing breakthrough
00:40:50 COVID changes everything
00:47:50 Survival through subsidies
00:58:40 Selling the restaurants
01:02:40 The bigger mission

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✅Tools For Restaurant Owners✅

Thinking of opening another restaurant? Avoid costly mistakes with my free guide: 

👉https://hs.ownershifttraining.com/optin-mupb?el=podcast

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✅About Us✅

The Restaurant Growth Accelerator Podcast is hosted by Andrew Scott - founder of OwnerShift Training.

Andrew Scott successfully scaled his restaurant business to 4 locations while working a handful of hours each week. He’s since helped over 1,000 restaurant owners increase their sales, profits, and free time - and he’d love to help you too.

✅For Restaurant Owners✅

Interested in growing your restaurant business while working less? Book your free assessment call:
👉 Restaurant Assessment Call

✅Connect With Us✅

https://www.facebook.com/groups/multiunitempirebuilders/
https://www.instagram.com/andrewrichardscott
https://ownershifttraining.com/?el=podcast