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Restaurant Growth Accelerator: More Profit, More Locations, And More Time With Your Family
Most restaurant owners are trapped - working crushing hours, missing time with loved ones, and wondering if all this sacrifice will ever pay off.
But there's a better way.
Welcome to Restaurant Growth Accelerator, your blueprint for transforming your restaurant into a profitable, scalable business that runs on autopilot.
Your host, Andrew Scott has scaled multiple successful restaurants himself. Andrew is also the founder of Owner Shift Training - where he helps restaurants increase profits while working less.
In each episode of Restaurant Growth Accelerator, you'll discover actionable strategies, systems, and stories for transforming your restaurant from a burden to an asset.
Whether you're struggling with your restaurant staffing, restaurant marketing, restaurant profits, or just want to spend more time with your family - this show gives you the exact roadmap to restaurant freedom.
If you're ready to increase your profits while spending more time with your family, click here and we'll map out a strategy together https://hs.ownershifttraining.com/doubleprofits
Restaurant Growth Accelerator: More Profit, More Locations, And More Time With Your Family
3 Myths About Selling A Restaurant | With Joseph McKeown
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A restaurant doing $1 million in sales can still be worth far less than the owner expects if the profit, team, and operations aren’t built correctly.
In this episode of the Restaurant Growth Accelerator Podcast, Andrew Scott sits down with restaurant owner and business broker Joseph McKeown to share what really makes a restaurant valuable.
Whether you're looking to increase restaurant profits, reduce food and labor costs, build a business that runs without you, or prepare your restaurant for a future sale - this episode reveals the financial and operational changes that create long-term success (and higher business valuations).
In this episode, you'll learn:
✅How to increase restaurant profits without relying on more sales
✅The one thing that matters more than revenue when valuing a restaurant
✅The biggest mistakes restaurant owners make before selling
✅What buyers actually look for when purchasing a restaurant
✅How to lower food costs and labor costs through better systems
✅The truth about restaurant business valuations and EBITDA multiples
✅Why most restaurants struggle to sell…and how to avoid becoming one of them
✅How to prepare your restaurant for a profitable exit years before you sell
Key moments:
00:00:00 Intro
00:01:15 Meet Joseph
00:02:35 From $10K to $1.2M
00:04:15 The 15% profit swing
00:06:55 Death by thousand cuts
00:11:35 Summer is go time
00:14:21 Why he became a broker
00:16:15 Three selling myths
00:21:58 What buyers pay for
00:25:48 Multiples explained
00:34:46 Net profit is the scoreboard
00:41:00 Biggest seller mistakes
00:42:35 The staff mistake
00:50:50 Steps to sell now
00:51:57 Two things to fix
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👉Connect with Joseph
https://minneapolisnorthwest.fcbb.com/meet-our-team
https://www.linkedin.com/in/josephmckeownfcbb/
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✅Tools For Restaurant Owners✅
Claim your FREE Restaurant Weekly Financial Tracker to uncover thousands in hidden profits and optimize your costs (in less time than it takes to finish your morning coffee):
https://ghl.ownershifttraining.com/weekly-tracker-lp?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