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<v Speaker 1>It's Adam West CEOs. You should know with me today,

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<v Speaker 1>Michael McDermott che Cheese Restaurants.

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<v Speaker 2>Thanks for coming by, Thanks for having me.

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<v Speaker 1>All right, So the rumors have been well they're more

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<v Speaker 1>than rumors now because I guess you guys there were

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<v Speaker 1>rumors before there was anything efficient. But Chee Cheese is back.

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<v Speaker 3>Yeah, you know, it's It's something that I'd never had

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<v Speaker 3>a desire to do over the last number of years,

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<v Speaker 3>and I just.

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<v Speaker 2>Last summer I actually was. I was.

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<v Speaker 3>I'm a big, big proponent of meditation. I was meditating

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<v Speaker 3>one morning and the thought came to me that I

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<v Speaker 3>should bring Chee Chee's back, And.

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<v Speaker 1>You, on your own, came up with this.

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<v Speaker 2>Yeah.

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<v Speaker 3>Well I think it was like a divinely inspired moment, right.

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<v Speaker 3>I mean, I'm a big I definitely believe in that.

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<v Speaker 3>And I ran up by my dad and my uncle

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<v Speaker 3>Jack Michael. Jack actually used to be the vice president

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<v Speaker 3>chie Chee's back in the day, ok, and he's now

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<v Speaker 3>the chairman and Coco Marco's Pizza the the fourth biggest

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<v Speaker 3>pizza chain in the country. And I always bounce things

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<v Speaker 3>off of these guys, and so I bounced off my

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<v Speaker 3>uncle Jack and he's like, you know, the only thing

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<v Speaker 3>wrong with that is that I didn't come up with it,

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<v Speaker 3>and he thought it was a great idea. So, but

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<v Speaker 3>the problem was is that we didn't have the rights

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<v Speaker 3>to the name. So so in eighty three Hormel got

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<v Speaker 3>the rights to distribute Chichi's related products in the grocery stores.

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<v Speaker 1>Was that the salside remember the commercials, the guy with

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<v Speaker 1>the overcoat and yep, and the yeah that was again, yeah,

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<v Speaker 1>the shortillas and margarita makes. I think they've got like

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<v Speaker 1>twelve products and they're all over the country now. But

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<v Speaker 1>and then then six, and then in two thousand and.

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<v Speaker 3>Four the last sixty five Chi Cheese closed and so

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<v Speaker 3>the trademark became available to full Mark, and so Hormel

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<v Speaker 3>got it. And so for in order for me to

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<v Speaker 3>do Chee Che's, I had to get I had to

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<v Speaker 3>make an agreement with them.

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<v Speaker 2>To use the name.

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<v Speaker 3>Okay, So I approached their executive team with the idea

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<v Speaker 3>of bringing Chee Chee's back, and they loved it, and

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<v Speaker 3>we reached an agreement, and so now you know, we

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<v Speaker 3>have the rights to do Chee Cheese throughout the country.

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<v Speaker 1>I don't entirely remember Chee Cheese. I knew of it.

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<v Speaker 1>I'm a little young for not totally young, but I

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<v Speaker 1>mean there's probably some younger people. Can you tell me

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<v Speaker 1>about the history what you know about Chee Cheese? I mean,

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<v Speaker 1>you know, having a relative part of it, you probably

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<v Speaker 1>know some.

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<v Speaker 2>Yeah, I do.

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<v Speaker 3>I mean so, so the first door opened up in

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<v Speaker 3>nineteen seventy six, and was it here in Minnesota? It

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<v Speaker 3>was that it was that Nickeolin in four ninety four.

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<v Speaker 3>That was the first store, and uh, they ended up

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<v Speaker 3>they ended up opening a couple more stores in the

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<v Speaker 3>cities and then expanded it. Eventually the company went public.

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<v Speaker 3>And the one thing with cheach is it did change.

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<v Speaker 2>Ownership a number of times.

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<v Speaker 3>So there was probably because they went private after going public,

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<v Speaker 3>and so there was a number of ownerships of Chee

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<v Speaker 3>Che's throughout the twenty eight years that was around.

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<v Speaker 1>Okay, it seems like it was longer than that. Was

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<v Speaker 1>it only twenty eight years?

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<v Speaker 2>Well, I don't know, you're see if you're better not.

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<v Speaker 1>Technique, but it just I mean, that was such a seventy.

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<v Speaker 2>Six to two thousand and four. What is that?

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<v Speaker 1>Yeah, twenty eight you're right, Yeah, twenty eight years.

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<v Speaker 2>Yeah, twenty eight years.

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<v Speaker 1>I think it's been missed. Yeah, no, good move. Yeah yeah,

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<v Speaker 1>because when you hear about different restaurants that are missed

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<v Speaker 1>in the Twin Cities, that came up quite a bit.

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<v Speaker 1>You know.

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<v Speaker 3>We actually, honestly, I didn't realize how much it was

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<v Speaker 3>missed until we did a press release. We we did

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<v Speaker 3>a press release in December, and I thought it would

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<v Speaker 3>be picked up locally because this is where Chichie started,

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<v Speaker 3>and I thought the trade magazines would pick it up.

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<v Speaker 3>But I had no idea the coverage it that it

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<v Speaker 3>that it received. We had over six hundred articles written.

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<v Speaker 3>Every major news organization picked it up. It went viral

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<v Speaker 3>on social media, and then I started reading the comments

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<v Speaker 3>and all the people that had missed it, and get

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<v Speaker 3>I can't tell you them the amount of letters and

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<v Speaker 3>emails I've received from people that are thanking me for

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<v Speaker 3>bringing it back.

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<v Speaker 1>Wow. Okay, And so now you told me some stuff.

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<v Speaker 1>I assume that this is public stuff that you told me,

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<v Speaker 1>But I'm so I'll just ask you, where's your first location?

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<v Speaker 3>So the first location we have announced, and that's going

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<v Speaker 3>to be at the West End. So we're going to

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<v Speaker 3>convert our Rojo Mexican grill to Chi Cheese, uh huh.

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<v Speaker 3>And we're looking at third quarter of this year.

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<v Speaker 1>Okay, And so I know that's because that's close to

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<v Speaker 1>where where iHeart is, so Minneapolis, so we love it.

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<v Speaker 1>So what's what happens to Rojo, Well.

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<v Speaker 3>Goes away, That's what happened to so our planets convert

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<v Speaker 3>the rows to Chi Che's and then you know, we're

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<v Speaker 3>looking to expand it out of state. And we've had

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<v Speaker 3>a number of people that already reached out to us

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<v Speaker 3>that are interested in franchising the concept. We've had real

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<v Speaker 3>estate developers reach out to us about locations. So you know,

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<v Speaker 3>our goal is to get this first store open, but

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<v Speaker 3>we definitely would like be in a position to expand

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<v Speaker 3>the concept.

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<v Speaker 1>Talking to Michael McDermott's CEO of Chee Cheese, which is

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<v Speaker 1>apparently coming back, tell tell me a little bit about

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<v Speaker 1>you did you Are you from Minnesota?

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<v Speaker 3>So I was born in Minnesota, My parents grew up

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<v Speaker 3>in Austin, lived until fifth grade. My dad moved to

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<v Speaker 3>Arizona and I spent the next you know, most of

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<v Speaker 3>the next thirty years there, and then twelve years ago

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<v Speaker 3>my wife and I decided to move up here with

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<v Speaker 3>our kids. For a number of reasons I had I

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<v Speaker 3>had opened up Rojo, so that was here. We wanted

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<v Speaker 3>the change of seasons, just a different environment. Scott still

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<v Speaker 3>had gotten really big. So we've been here now for

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<v Speaker 3>twelve years.

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<v Speaker 1>And so you, I guess you already have a relationship

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<v Speaker 1>maybe with Hormel or they say down there hormal Right. Yeah,

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<v Speaker 1>my neighbor's from Austin. She told me that. I was like,

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<v Speaker 1>what what does that mean? So did that help being

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<v Speaker 1>from Austin developing this relationship?

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<v Speaker 3>I don't know if that helped her now not, you know,

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<v Speaker 3>like with the negotiations or or them being excited.

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<v Speaker 1>About yeah anything. Yeah, I mean I.

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<v Speaker 3>Think, uh, my uncle Jack as well does business with Hormale,

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<v Speaker 3>so and he's been part of this is a part

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<v Speaker 3>of my advisory board. So there's probably some connection there.

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<v Speaker 1>And so you talked about you just had this idea.

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<v Speaker 1>Did it come from? Is there anything that made you

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<v Speaker 1>think one day more about this about bringing back chee cheese?

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<v Speaker 2>Now?

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<v Speaker 3>Literally it was like a like a it came to

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<v Speaker 3>me one morning. I mean it was I know, I

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<v Speaker 3>had no thought what's over bringing it back every until

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<v Speaker 3>that morning and then I then when that happened, I

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<v Speaker 3>just literally ran with it.

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<v Speaker 1>I thought you were kidding, But yeah, that's awesome. Yeah,

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<v Speaker 1>So do you I mean you don't really have any

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<v Speaker 1>customers yet, right, I mean you haven't really opened officially.

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<v Speaker 1>But what I mean, do you have a vision for

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<v Speaker 1>for what serving your customers looks like?

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<v Speaker 3>Well, I mean the so the concept. So what we're

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<v Speaker 3>doing with Cheaches is we're bringing the concept forward, right, So,

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<v Speaker 3>I mean there's going to be I know, we're going

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<v Speaker 3>to get We're going to get emails, We're going to

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<v Speaker 3>get comments that people are going to say, this is

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<v Speaker 3>not the Cheachers I remember, right, And it's not intended

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<v Speaker 3>to be the exact Cheaches that remember. Now, we are

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<v Speaker 3>going to bring back a number of the items right

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<v Speaker 3>that Chia Chees had. We have all the original recipes,

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<v Speaker 3>so there'll be some familiarity with respect to the menu

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<v Speaker 3>and with the decor. There's going to be some accents

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<v Speaker 3>such as the hanging plants or the tile or some

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<v Speaker 3>of the colors that we're using. But it's a new

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<v Speaker 3>look and feel and a new menu. So the concept

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<v Speaker 3>is being brought forward.

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<v Speaker 1>I think for some people to say, it's not what

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<v Speaker 1>I remember might be dishonest because they probably don't remember

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<v Speaker 1>anything from right, it's from some of the nights they

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<v Speaker 1>were there.

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<v Speaker 3>Well, yeah, you got to remember the last ones closed

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<v Speaker 3>twenty what twenty one years ago? Yeah, so you know,

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<v Speaker 3>if you're in your thirties, you probably right exactly, Well,

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<v Speaker 3>you weren't old enough to drink I know that unless

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<v Speaker 3>you were in your forties.

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<v Speaker 1>Yeah, but many people probably were. Yeah. How how will

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<v Speaker 1>you I mean, Mexican's not new to the Twin Cities

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<v Speaker 1>by any means. How will you different differentiate yourselves other

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<v Speaker 1>than I mean, you got the Chee Cheese name, which

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<v Speaker 1>is a big bonus.

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<v Speaker 2>Yeah, I mean we're definitely gonna leverage the name.

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<v Speaker 3>I think you know what we do too in our concept,

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<v Speaker 3>which we've done with when ConA Grill, which is another

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<v Speaker 3>concept I started.

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<v Speaker 2>We always have had a big bar.

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<v Speaker 3>Presence, unlike some other maybe Mexican restaurants, and we'll continue

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<v Speaker 3>that with che Cheese. But I think we'll differentiate ourselves

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<v Speaker 3>from the experience people have when they walk in the

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<v Speaker 3>doors and all of our food is made fresh from scratch.

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<v Speaker 3>There's no third parties, there's nothing we don't know, there's

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<v Speaker 3>not a microwave on the premise. I mean, everything is

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<v Speaker 3>made that day. So I think from the quality of

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<v Speaker 3>our food, the price point, and the ambiance of the atmosphere,

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<v Speaker 3>I think will differentiate us.

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<v Speaker 1>What challenges do you see starting up here? Maybe maybe

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<v Speaker 1>the industry as a whole. I mean, I think you're

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<v Speaker 1>we kind of see what what you're up against. Well,

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<v Speaker 1>I don't know, maybe we want to talk about that.

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<v Speaker 1>What challenges are you up against?

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<v Speaker 2>Well, I think.

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<v Speaker 3>All restaurants have experienced a tough time over the last

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<v Speaker 3>two years. I think with inflation, everything costing more, whether

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<v Speaker 3>it be at the you know, at the gas station,

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<v Speaker 3>at the grocery store. You know, prices have been increased.

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<v Speaker 3>There's been so people, you know, one of the first

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<v Speaker 3>things they can cut back on is going out to eat.

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<v Speaker 1>Yeah.

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<v Speaker 3>Right, So we're actually a pretty good economic indicator either

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<v Speaker 3>of going into a tough time or coming out of

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<v Speaker 3>a tough time. And and so I think there's been

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<v Speaker 3>a lot of pressure in our industry with respect to

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<v Speaker 3>the top line sales. And we've seen since COVID, we've

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<v Speaker 3>seen a lot of pressure too on just hourly labor.

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<v Speaker 3>You know, what we pay our hourly labor especially in

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<v Speaker 3>the kitchen. It's going up over thirty percent since COVID. Wow,

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<v Speaker 3>so you know we've raised prices like a lot of restaurants,

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<v Speaker 3>but you can't raise prices to the point are enough

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<v Speaker 3>to offset the increase in costs, both from labor and commodities.

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<v Speaker 1>Yeah. Do you see pick up and delivery, because that's

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<v Speaker 1>obviously taken off since COVID. We pick up sometimes I've

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<v Speaker 1>never had anything delivered?

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<v Speaker 2>Is that?

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<v Speaker 1>What's your philosophy on that?

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<v Speaker 3>It's just not a big part of our business now.

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<v Speaker 3>It's probably three percent. There are other concepts that it's

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<v Speaker 3>definitely a big part of their business. Yeah, but but

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<v Speaker 3>for us, you know, we do do it, we will

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<v Speaker 3>do it, but it's never been it's never been anything

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<v Speaker 3>that's made a difference in our business.

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<v Speaker 1>There's a place in Lakeville that we sometimes will go

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<v Speaker 1>to and get takeout and I bring it home and

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<v Speaker 1>I'm like, how do they come out ahead on this?

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<v Speaker 1>Like there's just there's so much packing and just I

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<v Speaker 1>don't know everything. It seems like it's hard to make

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<v Speaker 1>a buck that way.

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<v Speaker 3>Yeah, I mean, your margins are not great on delivery,

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<v Speaker 3>but but it adds to the top line.

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<v Speaker 1>Sure, what success stories do you have in your resume?

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<v Speaker 3>You know what's so funny is I did my MBA

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<v Speaker 3>and I thought, if I go back and teach, I

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<v Speaker 3>will go back and teach a class. And all the

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<v Speaker 3>things they don't teach you in school actually learn by

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<v Speaker 3>doing it. So I've had a lot of things that

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<v Speaker 3>you know, I've learned along the way.

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<v Speaker 2>But I guess.

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<v Speaker 3>You know, the one national chain I did was ConA Grill,

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<v Speaker 3>you know that was that was a I stepped down

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<v Speaker 3>a CEO of that company when we went public. I

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<v Speaker 3>just was not there's a difference between starting a company

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<v Speaker 3>and running a company, and I didn't want to run

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<v Speaker 3>a public company. So that was the one national chain

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<v Speaker 3>I did. I have done a number of other concepts

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<v Speaker 3>along the way. I mean, Rojo has been a great success.

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<v Speaker 3>I think as a you know, as a as a

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<v Speaker 3>business owner CEO, I really changed a lot and how

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<v Speaker 3>I approach running a business, and a lot of that

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<v Speaker 3>is just my journey, personal journey of just my faith

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<v Speaker 3>and and and and.

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<v Speaker 2>How that's really.

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<v Speaker 3>Been the foundation of of of how I approach business

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<v Speaker 3>in general.

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<v Speaker 1>So I didn't ask you, so you you actually did

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<v Speaker 1>you start ro HO? I did Okay, that makes okay,

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<v Speaker 1>it's all make you more said there, You're just like

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<v Speaker 1>taking it over somehow, And I feel better about this

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<v Speaker 1>now now.

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<v Speaker 3>I think my strength has always been developing concepts and

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<v Speaker 3>getting the people involved and raising the money and and

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<v Speaker 3>then always having a really good operator that's been, you know,

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<v Speaker 3>next to me along the way, so I and do

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<v Speaker 3>what I've done.

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<v Speaker 2>Without the people around me.

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<v Speaker 3>I mean, I've always been really good at finding people

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<v Speaker 3>that know how to do the things that I don't

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<v Speaker 3>know how to do or I don't have the time

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<v Speaker 3>to do. And I've just been really blessed with great people.

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<v Speaker 1>Well Rojo was awesome, so yeah, yeah, are you ever

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<v Speaker 1>a secret chopper? That'd be the best part. Could you

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<v Speaker 1>ever go in there? And just I better try it?

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<v Speaker 3>I mean, you know my own restaurants, Yeah sure, yeah,

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<v Speaker 3>Well I can't go on my own restaurants with people, you.

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<v Speaker 1>Know, I amises right, Yeah, no, I've never done that,

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<v Speaker 1>but I can't help but when every time I go

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<v Speaker 1>into a restaurant, I can't help but notice things that

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<v Speaker 1>I would do differently A lot.

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<v Speaker 2>Of times too, what they do right, yeah? Right? I

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<v Speaker 2>mean you pick up ideas?

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<v Speaker 1>Did you work in the restaurants at a young age.

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<v Speaker 2>So I started out.

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<v Speaker 3>Uh. My first job was washing dishes at a restaurant

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<v Speaker 3>called Lafonda del Sol call mixing restaurant in high school.

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<v Speaker 3>And I did that because I wanted to get the

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<v Speaker 3>salca recipe. Oh, they had the best sauce in the world.

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<v Speaker 3>I worked at night and they made it in the morning.

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<v Speaker 1>Wait where was Lafonda's.

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<v Speaker 3>Lefonda del Soul was at Scott Still and Shay, it

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<v Speaker 3>actually just closed.

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<v Speaker 2>It had been there for like fifty years.

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<v Speaker 3>Okay, small little Mexican restaurant, and so I was never

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<v Speaker 3>able to get the salsa recipe.

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<v Speaker 2>But I started out.

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<v Speaker 3>There and then I I worked you know, pretty much

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<v Speaker 3>every position uh in the business over the next number

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<v Speaker 3>of years.

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<v Speaker 1>Why couldn't you get the saluca recipe? Was it that

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<v Speaker 1>well they made it in the morning. Oh yeah, but

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<v Speaker 1>but you'd think that that you could have talked on

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<v Speaker 1>the people.

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<v Speaker 2>Well they didn't write it down.

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<v Speaker 1>Yeah, and well it's good they make it right out

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<v Speaker 1>of their head.

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<v Speaker 2>That's yeah.

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<v Speaker 1>Yeah, yeah, all right, tell me about being a leader.

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<v Speaker 1>What is that? What does that mean to you? What

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<v Speaker 1>does it feel like?

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<v Speaker 2>Oh? I feel like you should be talking to my dad.

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<v Speaker 1>Yeah, okay, I mean you talked about having other people,

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<v Speaker 1>partnering with other people, the people who really know what

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<v Speaker 1>they're doing. I get that, But what I mean they

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<v Speaker 1>people look to you. You're obviously very successful.

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<v Speaker 2>Yeah, you know, I I am.

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<v Speaker 3>I am a big believer and making sure that I

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<v Speaker 3>prepare myself each day to show up in a way

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<v Speaker 3>that I would want a leader to show off. So

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<v Speaker 3>I'm a big So we were talking about this before

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<v Speaker 3>this interview, But I came to Minnesota thirty six years

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<v Speaker 3>ago because I was at Arizona State University and I wasn't.

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<v Speaker 3>I wasn't I wasn't graduating when I should have, and

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<v Speaker 3>I had I had a big problem with alcohol. Came

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<v Speaker 3>up here, went through treatment, and I changed, you know,

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<v Speaker 3>totally turned my life around. And so I've been sober

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<v Speaker 3>the last thirty five years. But part of that a

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<v Speaker 3>big part of that process of my recovery has been

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<v Speaker 3>a daily morning prayer meditation that I do, and I

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<v Speaker 3>spent at least an hour every morning in peryer meditation.

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<v Speaker 2>And and I really believe.

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<v Speaker 3>That that is, you know, that is what sets me

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<v Speaker 3>up for being a leader, being showing up for my

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<v Speaker 3>employees and being a better listener, you know, making decisions

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<v Speaker 3>not based on fear, but based on the principles I

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<v Speaker 3>try to live by. So I don't have a philosophy

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<v Speaker 3>like you know, this is how what a CEO should be. Like,

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<v Speaker 3>I just tried to prepare myself each day every morning

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<v Speaker 3>so that I show up hopefully in the right way.

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<v Speaker 1>Well that's that's the philosophy.

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<v Speaker 2>Yeah.

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<v Speaker 1>Yeah. Is it hard to focus when you're doing I've

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00:16:29.679 --> 00:16:32.639
<v Speaker 1>tried different meditations at different points, not an hour, certainly

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<v Speaker 1>not an hour and I can fifteen minutes, No way

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<v Speaker 1>is it? Do you are you thinking about business or

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<v Speaker 1>you know?

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<v Speaker 3>Now you know what's funny is I got So this

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00:16:40.759 --> 00:16:42.960
<v Speaker 3>was about twenty five years ago. I got introduced in

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<v Speaker 3>meditation through a guy that I you know, I really

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00:16:46.279 --> 00:16:48.480
<v Speaker 3>respected this guy and he carried himself in a way

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<v Speaker 3>that I'm like, you know, I want what he has.

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<v Speaker 3>And I asked him, I said, what do you do

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<v Speaker 3>now to kind of have this type of piece and serenity?

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<v Speaker 3>And He's like, I meditate every morning, and so I'm like,

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<v Speaker 3>all right, I'm going to try that. Right, So I

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<v Speaker 3>got an egg timer because there was way before smartphones

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<v Speaker 3>and I set it for five minutes, and I sat there.

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<v Speaker 2>In my living room in my apartment and.

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<v Speaker 3>Closed my eyes and was quiet, and I was like,

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<v Speaker 3>I think my egg timer is broken. I could swear

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<v Speaker 3>five minutes a gone by, and I looked at my

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<v Speaker 3>egg timer and it was like two minutes ago by.

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<v Speaker 3>And I would rather run five miles barefoot and gravel

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<v Speaker 3>and sit for five minutes. It was like the worst

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<v Speaker 3>just experience. And so I'm but I kept with it.

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<v Speaker 3>I kept doing it every morning, and gradually I was

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<v Speaker 3>able to sit for five minutes and then said for

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00:17:43.799 --> 00:17:48.319
<v Speaker 3>ten minutes, and and and you know, so it's built

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<v Speaker 3>up board today. I mean, I don't miss a morning,

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<v Speaker 3>no matter where I'm at, no matter what I'm doing,

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<v Speaker 3>no matter how sick I am. I spend in at

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<v Speaker 3>least an hour every morning. And I've incorporated to a prayer.

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<v Speaker 3>You know, I have a faith that I that you know,

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<v Speaker 3>I believe in a power greater than me that I

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<v Speaker 3>think is give me a second chance in life. And

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<v Speaker 3>and so I try to connect to that. Do you

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<v Speaker 3>sit on the floor when you do it? I sit

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<v Speaker 3>on my couch. I used to sit on my floor,

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<v Speaker 3>but my knees can't.

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<v Speaker 1>Yeah, I'm right there with you.

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<v Speaker 2>Yeah, so I said on my guy and I and

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<v Speaker 2>I tell you what.

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<v Speaker 3>I work with a lot of guys that that try meditation,

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<v Speaker 3>and and I really I'm a big proponent of guided

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<v Speaker 3>meditations if you struggle with it. So there's a lot

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<v Speaker 3>of people that just really can't sit still. They have

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<v Speaker 3>a problem in the beginning. And so I believe in

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00:18:38.720 --> 00:18:42.119
<v Speaker 3>using guided meditations, and there's a ton of apps for it.

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<v Speaker 3>But I think that can be really helpful. And it's

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<v Speaker 3>not really how long you go, it's developing consistency.

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<v Speaker 2>So if you can.

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<v Speaker 3>Start doing it every morning, if it's for two minutes,

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00:18:52.440 --> 00:18:54.839
<v Speaker 3>and just build off of that. But find a place

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<v Speaker 3>that you really like and and you know that as

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<v Speaker 3>far as I if it's your in room or at

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00:19:00.720 --> 00:19:03.359
<v Speaker 3>your office or wherever it is, and find that place

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00:19:03.440 --> 00:19:08.119
<v Speaker 3>that you can go to every morning and and be quiet.

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<v Speaker 1>I think there's probably different types or different ways of

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00:19:11.799 --> 00:19:14.400
<v Speaker 1>doing it too. It's still being quiet. I guess you

397
00:19:14.440 --> 00:19:16.039
<v Speaker 1>got to be I mean, I can't walk my dogs

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00:19:16.079 --> 00:19:17.359
<v Speaker 1>and be quiet, But you know what I mean, Like

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00:19:17.359 --> 00:19:20.279
<v Speaker 1>different things maybe do they count? Would they be the

400
00:19:20.319 --> 00:19:24.720
<v Speaker 1>same as you're looking for an hour or yeah, mowing

401
00:19:24.720 --> 00:19:27.519
<v Speaker 1>the crass and I'm out there on my own. I wish, yeah,

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00:19:27.559 --> 00:19:28.440
<v Speaker 1>I wish I could sit there.

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00:19:28.519 --> 00:19:28.839
<v Speaker 2>You know what.

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00:19:28.920 --> 00:19:31.880
<v Speaker 3>There's moving meditations, there's walking in I and I've done

405
00:19:31.920 --> 00:19:34.079
<v Speaker 3>them all, and I've done meditation with trees and everything.

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00:19:34.119 --> 00:19:38.079
<v Speaker 3>But I really am I'm a firm believer in incorporating

407
00:19:38.119 --> 00:19:41.799
<v Speaker 3>at least you know, yeah, part of your day, your

408
00:19:41.839 --> 00:19:45.119
<v Speaker 3>morning whatever, with just being quiet, okay, and just being

409
00:19:45.160 --> 00:19:49.279
<v Speaker 3>still and connecting to you know, you think that there's

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00:19:49.319 --> 00:19:52.359
<v Speaker 3>nothing in that silence, but when you start doing it,

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00:19:52.400 --> 00:19:53.720
<v Speaker 3>you realize that everything is.

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00:19:53.680 --> 00:19:54.519
<v Speaker 2>In that silence.

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<v Speaker 1>Yeah. Probably people in the restaurant industry could use a

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00:19:57.519 --> 00:19:59.359
<v Speaker 1>little bit of that, right, I'm just thinking, thinking ahead

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00:19:59.359 --> 00:20:00.000
<v Speaker 1>a little bit about it.

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<v Speaker 3>Well, I tell you, you know, what's you know, what's

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00:20:01.680 --> 00:20:04.480
<v Speaker 3>really amazing is that when we closed down for COVID

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00:20:04.799 --> 00:20:11.720
<v Speaker 3>in March of that and all the restaurants close, and

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00:20:11.960 --> 00:20:13.640
<v Speaker 3>this is where my and this is what I'm talking

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<v Speaker 3>about how this is used as being a leader and

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<v Speaker 3>a CEO and so forth, is that we closed down

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00:20:20.160 --> 00:20:23.039
<v Speaker 3>and also my income went to zero. You know, I

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00:20:23.079 --> 00:20:25.640
<v Speaker 3>had no idea, like everyone else, what was going to happen.

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<v Speaker 3>There was definitely a period of fear.

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<v Speaker 2>I mean I was.

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00:20:28.519 --> 00:20:30.039
<v Speaker 3>There was about a week or two where I was

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00:20:30.079 --> 00:20:33.599
<v Speaker 3>like a little bit of a panic and and but

428
00:20:34.400 --> 00:20:38.799
<v Speaker 3>through this daily practice that I have and in my

429
00:20:38.960 --> 00:20:41.440
<v Speaker 3>belief in something greater than myself, I was able to

430
00:20:41.480 --> 00:20:44.640
<v Speaker 3>get to a point where I totally trusted and believed

431
00:20:44.680 --> 00:20:47.000
<v Speaker 3>that it was all unfolded into goodness and it was

432
00:20:47.039 --> 00:20:49.559
<v Speaker 3>all going to be okay, and the fear went away.

433
00:20:49.759 --> 00:20:52.640
<v Speaker 3>And so my decisions that I made for my business

434
00:20:52.720 --> 00:20:57.480
<v Speaker 3>were not based on fear. They were based on rational

435
00:20:57.559 --> 00:21:03.680
<v Speaker 3>thoughts and being present and having that attitude that it's

436
00:21:03.720 --> 00:21:05.920
<v Speaker 3>all you know, the life was happening for me, not

437
00:21:06.039 --> 00:21:08.359
<v Speaker 3>to me, And so I was able to make better

438
00:21:08.400 --> 00:21:10.680
<v Speaker 3>business decisions as a result of that.

439
00:21:11.400 --> 00:21:12.160
<v Speaker 2>And the same thing.

440
00:21:12.240 --> 00:21:16.640
<v Speaker 3>You know, we're doing this crowdfunding for for for Chee

441
00:21:16.680 --> 00:21:19.440
<v Speaker 3>Chees right now, But you know, I've always raised money

442
00:21:20.640 --> 00:21:23.440
<v Speaker 3>through either friends and family or investment banks. And when

443
00:21:23.440 --> 00:21:26.039
<v Speaker 3>we back in October of last year, we were looking

444
00:21:26.079 --> 00:21:29.480
<v Speaker 3>to raise money for Chee Chees, and and I started

445
00:21:29.559 --> 00:21:32.079
<v Speaker 3>the normal procedure of doing that, which is, you know,

446
00:21:32.160 --> 00:21:34.440
<v Speaker 3>either calling people I know that have money or.

447
00:21:34.519 --> 00:21:35.920
<v Speaker 2>Reaching out to investment banks.

448
00:21:36.039 --> 00:21:39.759
<v Speaker 3>Yeah, nobody was like like we like I couldn't raise

449
00:21:39.799 --> 00:21:40.279
<v Speaker 3>any money.

450
00:21:40.440 --> 00:21:41.920
<v Speaker 2>I was like, I was like, oh my god, Like

451
00:21:42.000 --> 00:21:42.680
<v Speaker 2>this is never.

452
00:21:42.880 --> 00:21:46.440
<v Speaker 3>Yeah, you know, And instead of freaking out, you know,

453
00:21:46.599 --> 00:21:48.319
<v Speaker 3>I was like, Okay, what's the next thing to do?

454
00:21:48.400 --> 00:21:50.039
<v Speaker 2>And so I reached out to a friend of mine.

455
00:21:50.039 --> 00:21:52.960
<v Speaker 3>He's like, hey, I know buddy of mine who raised

456
00:21:53.000 --> 00:21:54.039
<v Speaker 3>money from crowdfunded.

457
00:21:54.039 --> 00:21:55.920
<v Speaker 2>I'm like, I have no idea what that is. What

458
00:21:56.079 --> 00:21:59.279
<v Speaker 2>is Like, I've heard of it, but like, what is that? Yeah?

459
00:21:59.559 --> 00:22:02.079
<v Speaker 3>So I talked to somebody that had done it. I

460
00:22:02.160 --> 00:22:04.720
<v Speaker 3>reached out to a number of companies that offer it,

461
00:22:04.799 --> 00:22:09.480
<v Speaker 3>that have platforms, and we went forward with raising money

462
00:22:09.519 --> 00:22:11.799
<v Speaker 3>for teaches and we're still doing it right now with

463
00:22:12.160 --> 00:22:15.559
<v Speaker 3>start Engine. But it's so, you know, crowdfunding what it

464
00:22:15.599 --> 00:22:20.079
<v Speaker 3>does is it allows people that typically couldn't invest in

465
00:22:20.119 --> 00:22:23.799
<v Speaker 3>something that have done in the past invest. So typically

466
00:22:23.839 --> 00:22:27.960
<v Speaker 3>ten percent of your investors are credited, and those are

467
00:22:28.000 --> 00:22:30.920
<v Speaker 3>who we normally go after or you know that invest

468
00:22:30.960 --> 00:22:34.960
<v Speaker 3>in our business. With crowdfunding, anybody can invest as low

469
00:22:34.960 --> 00:22:38.160
<v Speaker 3>as two and fifty dollars and they get something. Then

470
00:22:38.319 --> 00:22:40.720
<v Speaker 3>we get stock in the company. Yeah, you get stock,

471
00:22:40.880 --> 00:22:44.200
<v Speaker 3>stock and cheach you. So we started this, I don't know,

472
00:22:44.240 --> 00:22:46.839
<v Speaker 3>three or four months ago, cool, and it's been just

473
00:22:46.920 --> 00:22:50.480
<v Speaker 3>we have almost like a thousand investors now and it's

474
00:22:50.480 --> 00:22:52.720
<v Speaker 3>been amazing and we're going to continue doing it.

475
00:22:52.799 --> 00:22:53.880
<v Speaker 2>But but my.

476
00:22:53.920 --> 00:22:58.079
<v Speaker 3>Point is is that you know, this whole meditation stuff,

477
00:22:58.119 --> 00:23:01.920
<v Speaker 3>it's allowed me to to be open, uh, you know,

478
00:23:02.079 --> 00:23:04.519
<v Speaker 3>new ideas or new ways of doing things and not

479
00:23:04.640 --> 00:23:05.319
<v Speaker 3>being stuck.

480
00:23:05.559 --> 00:23:08.000
<v Speaker 1>Yeah. I think if more people knew about that, more

481
00:23:08.000 --> 00:23:10.319
<v Speaker 1>people be a part of it, maybe unless they've already

482
00:23:10.839 --> 00:23:12.960
<v Speaker 1>what's the crowdsource of the crowdfunding?

483
00:23:13.240 --> 00:23:16.079
<v Speaker 3>Yeah, I mean we're we we we will continue to

484
00:23:16.079 --> 00:23:21.240
<v Speaker 3>get you know, new investors every day, and uh, it's

485
00:23:21.279 --> 00:23:23.880
<v Speaker 3>been a great I mean, it's been an amazing avenue

486
00:23:24.039 --> 00:23:27.359
<v Speaker 3>or platform to raise money because really, unless you have

487
00:23:27.440 --> 00:23:29.440
<v Speaker 3>friends and family that can put in three to five

488
00:23:29.480 --> 00:23:32.559
<v Speaker 3>million investment, banks just aren't doing that today.

489
00:23:32.799 --> 00:23:33.359
<v Speaker 2>They used to.

490
00:23:34.880 --> 00:23:36.400
<v Speaker 1>The friends and family thing gets weird.

491
00:23:36.920 --> 00:23:38.440
<v Speaker 3>Well, it gets hard, and there's not a lot of

492
00:23:38.440 --> 00:23:40.880
<v Speaker 3>people that have got friends and family, got three family dollars.

493
00:23:41.200 --> 00:23:45.200
<v Speaker 1>I don't know, I mean you do, you know, definitely not.

494
00:23:45.400 --> 00:23:48.440
<v Speaker 2>But you know, it's it's just it's it's a tough environment.

495
00:23:48.559 --> 00:23:52.640
<v Speaker 2>And so it's really been a great experience.

496
00:23:52.519 --> 00:23:55.079
<v Speaker 1>Telling to Michael mcdermot's EO of Chi Cheese, first location

497
00:23:55.200 --> 00:23:57.519
<v Speaker 1>opening in the West End in Saint Louis Park. You

498
00:23:57.519 --> 00:24:00.000
<v Speaker 1>said third quarter, So as specific as you can be.

499
00:24:00.079 --> 00:24:02.759
<v Speaker 2>That's expecific. Yes, I can say that word.

500
00:24:02.799 --> 00:24:08.920
<v Speaker 1>Yeah, what's your what's your thoughts on giving on philanthropy

501
00:24:09.279 --> 00:24:09.839
<v Speaker 1>in that area?

502
00:24:10.599 --> 00:24:14.640
<v Speaker 3>You know, I'm I definitely try to give back wherever

503
00:24:14.720 --> 00:24:20.519
<v Speaker 3>I can, whether it be my time money. I'm as

504
00:24:20.559 --> 00:24:25.240
<v Speaker 3>I mentioned before, you know, I the recovery community. I'm

505
00:24:25.279 --> 00:24:30.599
<v Speaker 3>involved in being sober, and I just believe that, you know,

506
00:24:30.680 --> 00:24:32.960
<v Speaker 3>there's no amount of giving back that I can do

507
00:24:33.079 --> 00:24:34.359
<v Speaker 3>to equate to what I've been given.

508
00:24:35.240 --> 00:24:37.200
<v Speaker 2>So I'm on the.

509
00:24:37.119 --> 00:24:40.400
<v Speaker 3>Board of the retreat that's in Wayseeta, which is a

510
00:24:40.440 --> 00:24:46.519
<v Speaker 3>treatment center for both my women. I uh uh, you know,

511
00:24:46.799 --> 00:24:50.640
<v Speaker 3>always get involved in There's a number of local charities

512
00:24:50.680 --> 00:24:56.440
<v Speaker 3>in town that that we do that we that we

513
00:24:56.519 --> 00:25:01.960
<v Speaker 3>contribute to from a restaurant standpoint, and so I just

514
00:25:02.240 --> 00:25:05.759
<v Speaker 3>I've always you know, I always make time too for people.

515
00:25:05.799 --> 00:25:07.640
<v Speaker 3>I just was talking to a person the other day

516
00:25:07.680 --> 00:25:09.559
<v Speaker 3>that's looking to get in the restaurant business, and so

517
00:25:10.279 --> 00:25:13.079
<v Speaker 3>if there's somebody that is new to the business, they

518
00:25:13.119 --> 00:25:15.079
<v Speaker 3>want to, you know, if there's something I can share

519
00:25:15.079 --> 00:25:15.359
<v Speaker 3>with them.

520
00:25:15.400 --> 00:25:16.480
<v Speaker 2>I always try to make time.

521
00:25:16.920 --> 00:25:18.799
<v Speaker 1>Do you ever are you ever on the serving line?

522
00:25:18.799 --> 00:25:21.759
<v Speaker 1>Are you ever playing stuff up or working behind the scenes?

523
00:25:23.839 --> 00:25:24.640
<v Speaker 2>I I have.

524
00:25:24.920 --> 00:25:27.039
<v Speaker 3>You know what, when we opened up the Rojo in

525
00:25:27.240 --> 00:25:31.559
<v Speaker 3>Maple Grove, I was the lead one of the one

526
00:25:31.599 --> 00:25:34.160
<v Speaker 3>of the bussers, actually the lead bussers. And and I

527
00:25:34.200 --> 00:25:37.480
<v Speaker 3>actually love doing that because when I bust a table,

528
00:25:37.519 --> 00:25:40.640
<v Speaker 3>maybe I'll talk to guests, Yeah, and find out how

529
00:25:40.680 --> 00:25:43.880
<v Speaker 3>their experience was, you know what, when right when went wrong?

530
00:25:45.839 --> 00:25:49.279
<v Speaker 1>And you say who you are when you do that, I.

531
00:25:48.839 --> 00:25:52.799
<v Speaker 2>Don't unless it gets to a point where that's becomes.

532
00:25:52.640 --> 00:25:56.559
<v Speaker 1>Obvious or whatever. But you're wearing a tie, No, I don't.

533
00:25:56.640 --> 00:25:59.720
<v Speaker 3>I'm I'm wearing the same shirt the busses wear. Yeah,

534
00:26:00.160 --> 00:26:02.799
<v Speaker 3>I look, I look like now, I look just like

535
00:26:02.839 --> 00:26:05.559
<v Speaker 3>the rest of the rest of the team. But I

536
00:26:05.559 --> 00:26:07.079
<v Speaker 3>I did that, especially.

537
00:26:06.680 --> 00:26:07.440
<v Speaker 2>When we opened row Hoo.

538
00:26:07.920 --> 00:26:12.440
<v Speaker 3>April Goova did that pretty much, you know, three four

539
00:26:12.519 --> 00:26:14.640
<v Speaker 3>days a week for the first number of months we

540
00:26:14.640 --> 00:26:15.000
<v Speaker 3>were open.

541
00:26:15.079 --> 00:26:18.359
<v Speaker 1>Wow, not afraid to literally get your hands dirty, be

542
00:26:18.480 --> 00:26:25.119
<v Speaker 1>in there in the in the in the field. That's great. Yeah,

543
00:26:25.359 --> 00:26:27.079
<v Speaker 1>what are you hiring right now?

544
00:26:28.240 --> 00:26:31.799
<v Speaker 3>Well, we're not specifically hiring for chee cheese we will

545
00:26:31.880 --> 00:26:36.599
<v Speaker 3>be I think we're probably about three months out on that,

546
00:26:37.200 --> 00:26:40.440
<v Speaker 3>but we're we're going to be keeping everyone that wants

547
00:26:40.480 --> 00:26:42.119
<v Speaker 3>to stay, We're going to keep them on board.

548
00:26:42.119 --> 00:26:43.440
<v Speaker 2>But we're definitely need more people.

549
00:26:43.880 --> 00:26:45.559
<v Speaker 1>And the crowd funding where do we Where do we

550
00:26:45.559 --> 00:26:45.920
<v Speaker 1>find that?

551
00:26:46.319 --> 00:26:49.480
<v Speaker 3>So that's on start Engine Start engine dot com. They're

552
00:26:49.519 --> 00:26:56.640
<v Speaker 3>the largest crowdfunding platform out there. Kevin O'Leary from Shark Town,

553
00:26:57.200 --> 00:27:01.039
<v Speaker 3>so he's behind that company and they've been really a

554
00:27:01.039 --> 00:27:03.799
<v Speaker 3>great company to work with. But if somebody were to

555
00:27:05.440 --> 00:27:07.160
<v Speaker 3>want to, you know, check that out, if they go

556
00:27:07.200 --> 00:27:09.920
<v Speaker 3>on the start Engine dot compage, they can just find

557
00:27:09.960 --> 00:27:10.640
<v Speaker 3>che cheese there.

558
00:27:10.799 --> 00:27:12.920
<v Speaker 1>Oh that's that's amazing. Anything else you want people to

559
00:27:12.960 --> 00:27:14.920
<v Speaker 1>know about che cheese or about you?

560
00:27:16.680 --> 00:27:18.839
<v Speaker 3>Well, you know what I'm excited about. Except my mom

561
00:27:18.920 --> 00:27:21.039
<v Speaker 3>is still around. My mom you know that's my mom

562
00:27:21.079 --> 00:27:22.759
<v Speaker 3>is che che else?

563
00:27:22.759 --> 00:27:23.240
<v Speaker 2>You knew that?

564
00:27:23.440 --> 00:27:23.720
<v Speaker 1>No?

565
00:27:24.000 --> 00:27:27.400
<v Speaker 3>Yeah, oh yeah, so my dad started cheating. Somebody takes it,

566
00:27:27.559 --> 00:27:29.720
<v Speaker 3>I know, right, so you named it for my mom.

567
00:27:30.359 --> 00:27:33.200
<v Speaker 3>My mom is still around, my dad's still around. They

568
00:27:33.200 --> 00:27:34.960
<v Speaker 3>are both going to be there at the opening. And

569
00:27:35.000 --> 00:27:38.400
<v Speaker 3>I'll tell you one thing that that maybe to answer

570
00:27:38.400 --> 00:27:41.680
<v Speaker 3>that question about what people don't know is that. So,

571
00:27:41.720 --> 00:27:47.440
<v Speaker 3>my mom wore this seventies orange kind of pant outfit

572
00:27:47.599 --> 00:27:51.039
<v Speaker 3>from Mexico at the grand opening in nineteen seventy six

573
00:27:51.240 --> 00:27:55.000
<v Speaker 3>Coach Chee Cheese. She sent it to my wife. My

574
00:27:55.119 --> 00:27:58.319
<v Speaker 3>wife is like the same build as my mom. Yeah,

575
00:27:58.720 --> 00:28:02.440
<v Speaker 3>my wife is going to wear that opening night. Oh

576
00:28:02.519 --> 00:28:03.359
<v Speaker 3>does your mom know this?

577
00:28:03.759 --> 00:28:03.960
<v Speaker 2>Yes?

578
00:28:04.079 --> 00:28:06.880
<v Speaker 1>Okay, she said, yeah, surprise because this will be out

579
00:28:06.920 --> 00:28:07.359
<v Speaker 1>before No.

580
00:28:07.359 --> 00:28:11.039
<v Speaker 3>No, no, no, So she's going to wear that output opening night.

581
00:28:11.279 --> 00:28:13.319
<v Speaker 1>Super cool, pretty cool. One thing I didn't ask. I

582
00:28:13.319 --> 00:28:14.799
<v Speaker 1>don't know if you could say this yet. How did

583
00:28:14.839 --> 00:28:18.519
<v Speaker 1>you have a vision for how big Chee Cheese gets.

584
00:28:18.119 --> 00:28:19.799
<v Speaker 2>No, I mean, I mean we would.

585
00:28:19.920 --> 00:28:27.079
<v Speaker 3>I think there's an opportunity for for sure, fifty stores

586
00:28:27.160 --> 00:28:30.880
<v Speaker 3>in the Midwest, East coast and maybe one hundred. Yeah,

587
00:28:31.039 --> 00:28:34.200
<v Speaker 3>but like I said, there's gonna be opportunities like in

588
00:28:34.240 --> 00:28:37.720
<v Speaker 3>airports where oh yeah, we're chi Che's did not have

589
00:28:37.759 --> 00:28:41.599
<v Speaker 3>that opportunity before when it was around the seventies and eighties.

590
00:28:42.519 --> 00:28:44.960
<v Speaker 1>Returned to Richfield and a lot of restaurants I feel like,

591
00:28:45.559 --> 00:28:47.799
<v Speaker 1>you know, started in Richfield or had a big presence

592
00:28:47.799 --> 00:28:48.440
<v Speaker 1>in Richfield.

593
00:28:48.640 --> 00:28:50.880
<v Speaker 3>Yeah, that four ninety four strip, I mean, and I

594
00:28:50.880 --> 00:28:53.759
<v Speaker 3>think that would be another great another great opportunity for us.

595
00:28:53.799 --> 00:28:55.839
<v Speaker 2>All right, I mean it's all it's all location driven.

596
00:28:55.960 --> 00:28:59.720
<v Speaker 1>Yeah, of course. All right, Michael McDermott che Chee's looking

597
00:28:59.720 --> 00:29:01.759
<v Speaker 1>forward to third quarter twenty twenty five.

598
00:29:01.920 --> 00:29:06.200
<v Speaker 3>Yes, thank you, all right, do you want to join

599
00:29:06.200 --> 00:29:06.759
<v Speaker 3>you those questions
