What It’s Really Like to Run a Legacy Restaurant | The Locals

Meet Paul Maloney, who, along with his wife, recently took over the iconic Kelsey Road House restaurant in Barrington, IL. In this episode, Paul opens up about the realities of restaurant entrepreneurship — from managing profit margins to balancing family life and mental health. Whether you’re dreaming of starting your own business or curious about the restaurant world, this conversation is packed with valuable insights you don’t want to miss.

Check out Kelsey Road House: https://www.krhrestaurant.com

00:00 Intro
00:33 Paul Maloney from KRH
00:42 How he became an owner
01:11 Paul's background
01:25 Upbringing
01:45 Owning/Refreshing a Legacy Restaurant
02:41 Financial Risks involved
03:00 The Historic Basement
03:18 An Approachable Menu
03:35 The impact of HRH
04:08 Memorable/Funny moments
04:35 The Tough Restaurant Business
05:04 Mistakes and Mental Health
05:35 The Greatest Misconception
05:45 Navigating Low Margins
06:15 Tips and Living Wages
07:00 Specials and Loss Leaders
07:28 Work/Life Balance
08:17 Corporate America vs Ownership
09:25 Perseverance
10:00 Clearly Defining Partnerships
10:33 The intangibles
11:12 Entrepreneurial Advice
11:55 Conclusion/Subscribe!

Executive Produced, Hosted, Edited by Ryan Glatzhofer

Produced and filmed by Paul Mackey
https://www.paulmackeymedia.com/

#Business #Entrepreneurship #BusinessTips #SmallBusinessTips #RestaurantBusiness #RestaurantOwner #BarringtonIL #Chicagoland #ChicagolandBusiness #MentalHealthInBusiness #FamilyBusiness #StartupChallenges #BusinessGrowth #Legacy #LegacyRestaurant #Foodie #Food #HospitalityIndustry #Podcast #Advice #Learning #Challenges #Mistakes #LocalBusiness