How to Turn a CASH COW Business into Steady CASH FLOW in Retirement! with Chris Lewellen

Mistake FREE Real Estate With Marck de Lautour

In this episode, I have the pleasure of hosting Chris Lewellen. He is the president of the famous Waldo and Brookside restaurants, The Well Bar Grill & Rooftop, Lew's Grill and Bar, and Charlie Hooper's Bar. Chris is among the few people that are not afraid to take risks.

Chris started as a restaurant and bar owner, and he later realized that the business wasn't enough to build him the legacy he has always wanted. His dream to build a community legacy drove him to use real estate as an investment vehicle. From his portfolio, it is easy to point out that he is doing well.

In this episode, Chris Lewellen will be taking us through his entrepreneurship journey, how he joined the real estate world, his father's legacy, the legacy he is building for his family, among other things.

Chris shares some essential nuggets of wisdom that we cannot afford to miss. If you are a restaurant owner or entrepreneur looking to expand your business, it would be great if you listened to this episode.

Key Talking Points of the Episode:

[01:29] Getting to know about Chris's upbringing

[02:27] What bred Chris's love for the Kansas city?

[03:55] Chris's influences growing up

[05:56] Chris's first business

[08:47] Chris's partnership with his brother

[17:35] How Chris got the liquor license for The Well Bar Grill

[24:07] What led Chris to buy Charlie Hooper's?

[32:51] How Chris has used real estate as an investment vehicle

[36:14] Chris's portfolio

[37:38] How Chris built his financial friends

[40:10] How to spot real estate opportunities

[44:29] What is Chris teaching his children about entrepreneurship and real estate, and how has that impacted his family?

[50:29] Wrapping up questions

[54:36] A mistake that happened in Chris's life that he wishes he could go back and change

Quotable Quotes:

"There's a good chance that you're going to fail, but you got to keep coming up."

"10 things that you try in business, you're going to fail at nine of them, but the one you succeed on is going to pay for the nine failures 10 times over."

"Take your active cash flow, throw them into buildings that will appreciate over time."

"A vision without execution on the back end is hallucination."

"I got my entrepreneurial spirit from my dad, but I got my business sense from my mom, because she taught me what to do in business."

Connect with Chris:

LinkedIn: https://www.linkedin.com/in/chris-lewellen-5698ab6/

Twitter: https://twitter.com/thebiglew?lang=en