In this episode of Invest Like the Best, Patrick O'Shaughnessy interviews Sean Feeney, co-founder of Grove House Hospitality Group and owner of Lilia and Missy, two popular New York City restaurants. Feeney recounts his transition from a successful finance career to the restaurant industry, inspired by his neighbor, Michelin star chef Missy Robbins. He shares his approach to building a restaurant business from first principles, focusing on creating a balance between art and commerce, prioritizing the customer experience, and fostering a strong community. Feeney discusses his business strategies, such as negotiating rent as a percentage of sales, and emphasizes the importance of building a brand that customers chase rather than the other way around. He also touches on the significance of empowering employees, creating memorable experiences, and integrating the business into the fabric of the community, drawing inspiration from brands like Kith and Brunello Cucinelli.
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