
John Vincent: Why I Bought LEON Back, How Purpose Builds Better Brands & What’s Killing UK Business Right Now
Building The Brand with James BurttShow Notes
Why would someone sell a business for a reported 9-figures… and then buy the same business back in one of the toughest markets imaginable? John Vincent is the co-founder of LEON Restaurants, bestselling author of Winning Not Fighting, and one of the most original thinkers in British business. He explains: ▪️Why he felt he had to buy LEON back ▪️Why most businesses get purpose completely wrong ▪️How rising rents, VAT, National Insurance and the government are crushing hospitality ▪️Why chasing money as the main goal often makes businesses worse ▪️How LEON was built to prove that business can be based on love, purpose and profit ▪️Why the UK High Street is being damaged by policy, not just market conditions ▪️How founders should think about money, mission, control and long-term value
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KEY MOMENTS: 0:00 Buying LEON back 01:12 “Petrified and excited” at the same time 03:30 From idea to execution of the buy-back deal in under a year 04:39 Why John doesn’t believe in combative negotiation 06:40 Why he fully walked away after selling 08:49 The moment he realised LEON wasn’t right 11:03 Why owning less than 50% means you don’t own the business 12:07 The equity mistakes he made early on 15:49 Why hospitality is such a capital-intensive business 17:32 From Bain to building LEON 21:26 “McDonald’s in heaven” - the original LEON vision 23:14 Why restaurant rents have become unsustainable 25:28 Why John believes the government is killing hospitality 27:15 “I had to do it” - why he bought LEON back 35:08 Why he believes business should start with love 42:31 Why life is not a journey or destination 44:49 How purpose and profit can coexist 48:45 Why John thinks of money like water 52:27 The externalities LEON actually cares about 54:20 Can you do the right thing and still make money? 52:27 The externalities LEON actually cares about 55:07 Can you do the right thing and still make money? 55:21 Where John’s worldview comes from 1:05:28 Why founder-led, purpose-driven businesses matter more than ever 1:06:05 How to build real purpose into a business from day one 1:12:10 What happened immediately after the deal was done 1:14:16 The secret pre-deal planning and day-one execution 1:16:06 Rebuilding the leadership team around LEON 1:30:11 The three biggest policy levers UK government should usethat could help hospitality fast 1:34:03 The family sacrifices behind building - and buying back - LEON 1:36:26 Why having honest people around you matters 1:43:31 The influence of John’s mum, mindset and personal belief system 1:45:15 John’s self-awareness, anger, and where he feels he still falls short Follow John: https://leon.co/ https://www.instagram.com/johnv_leon Read John's Book: https://www.amazon.co.uk/stores/John-Vincent/author/B00I50RNPW?ref=ap_rdr&shoppingPortalEnabled=true
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