In the latest episode of Hospitality Hangout podcast, Michael Schatzberg “The Restaurant Guy” and Jimmy Frischling “ The Finance Guy” chat with Anand Gala, managing partner at Gala Capital Partners to explore what insights a well experienced investor can bring to your business.
Gala shares his early introduction at nine years old to the restaurant industry while working for his family's business at Jack In The Box as a franchisee. After college Gala talks about becoming a franchisee of Applebee’s, Del Taco, and Famous Dave’s BBQ and eventually changing over to a full time investor after 2014.
Gala, who has almost five hundred restaurants, says that going through a lot of different experiences in his life like starting so early in the business, the dot-com bust, 9/11 and now covid, teaches you to find opportunities and find ways to do a better job. He realized that everybody in the industry was going through the same thing and they needed a good partner and somebody they could trust.
When Gala was asked about his super power, he says, “I’m a jack of all trades,” “learning enough across a lot of different disciplines whether operations, finance, HR, real estate development, accounting I’ve essentially done a little bit of everything for a couple of years minimum each time.”
Gala says his team can help with finance, site selection and modeling, as well accounting or even automating accounting technology. Gala Capital Partners can also provide support in operations and marketing. Gala adds, “there’s always something all of us can learn about operations and how are you using technology, how are you simplifying things and the same is true with marketing.”
Tune in to learn more. You can subscribe and listen to Hospitality Hangout Podcast on Spotify or directly on the Foodable Network.
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