Buying a Restaurant, Surviving COVID, and Rebuilding After Disaster | The Owner’s Playbook Ep. 2
What does it really take to buy and run a restaurant successfully? In Episode 2 of The Owner’s Playbook, host David Rummell sits down with Dewey Hasan, owner of Ukulele Brands, to talk about the realities of buying a business, surviving intense due diligence, fixing a broken culture, navigating employee and legal issues, and rebuilding after a food truck literally crashed through the kitchen wall during dinner service. This episode is a real look at the pressure, discipline, and commitment required to own a restaurant. Dewey shares how he evaluated dozens of businesses before buying, why internal controls matter so much, how bad employee culture can drain profits, and what it took to survive COVID closures and a major insurance battle after a catastrophic accident. In this episode you’ll learn: Why due diligence can make or break a business purchase How to evaluate whether a business is actually performing as advertised Why internal controls are critical in restaurants and cash-heavy businesses How employee culture and customer behavior can impact profitability What buyers should watch for in deal documents and last-minute addendums How to handle legal, insurance, and operational crises as an owner Why restaurant ownership requires full commitment, not part-time attention Chapters: 00:00 Intro & Dewey's background 00:45 From nightclub owner to business buyer 01:53 The gas station deal that fell apart 03:48 Evaluating dozens of businesses through due diligence 04:42 Dewey’s stakeout method before buying a business 05:19 Founding Ukulele Brands 06:39 SBA loan process and closing challenges 08:28 The handwritten addendum that almost killed the deal 11:39 Taking over a restaurant with culture problems 13:12 Internal controls, cash management, and employee turnover 16:13 Replacing the wrong customers and reshaping the business 18:27 Building the right internal team 19:34 Legal headaches from disgruntled employees 25:21 COVID closures and operating through crisis 26:09 A food truck crashes through the kitchen wall 27:30 Insurance claims, documentation, and recovery 28:31 Advice for anyone thinking about owning a restaurant Guest Dewey Hasan — Owner, Ukulele Brands Host David Rummell — Founder/Owner, DR Law Center; Co-Founder/Co-Owner, Apex Brokerage If you are thinking about buying, selling, or protecting your business, subscribe for more real conversations with owners and advisors. For questions, partnerships, or inquiries: theownersplaybookpodcast@gmail.com Disclaimer: This episode is for informational purposes only and does not constitute legal, financial, or tax advice. Please consult your own professional advisors before making business decisions. #TheOwnersPlaybook #RestaurantOwner #SmallBusiness #BusinessAcquisition #DueDiligence #RestaurantBusiness #Entrepreneurship #BusinessOwner #SBAloan #InternalControls