How to Grow a Hospitality Group to $71M+ with Julien Moussi
45 min
Julien Moussi has opened 40+ venues and has scaled Only Hospitality Group to $71M+. His success came from strategic decisions like selling the cafes that stopped paying for his time, learning that more venues is not the answer, and building a team so he could step off the tools. Time is the most valuable asset you have as a restaurant owner. Foodie Coaches is built to find the profit in your venue and free up your time. If you're ready to get your time back, book a call. ▶ Book a Profit Finding Session: https://foodiecoaches.co/yt-bac 0:00 Intro 4:05 How much does it cost to open a cafe? 4:50 How to turn around a failing cafe 7:05 Are $1M revenue cafes profitable? 9:37 How to sell coffee online to 100,000 homes 15:37 Should you open a cafe in a shopping centre? 19:12 When to sell a cafe: under $2M revenue 20:55 Pub vs cafe business: $10M vs $2M revenue 22:55 When to build a head office for multiple venues 25:22 How to build a leadership team: COO and CFO 30:22 Should you open more venues? Why more isn't the answer 33:08 Should you build a central kitchen? Why he removed his 39:20 Why venues struggle: blaming costs vs owner decisions 44:20 How to find profit in your restaurant business ▶ Book a Profit Finding Session: https://foodiecoaches.co/yt-bac Make Restaurants Profitable is the podcast for restaurant, cafe and bar owners who want to see how profitable venues are really run. Tim Kummerfeld sits down with hospitality operators to unpack the decisions, mistakes and numbers behind their results, so you can apply them to your own venue. Subscribe to get notified for weekly releases.