The Journey of Luke's Lobster Founders
TLDR Luke Holden and Ben Conniff founded Luke's Lobster after Luke's homesickness for authentic Maine-style lobster rolls in New York led them to partner up and start a restaurant despite their lack of experience in the industry. They quickly overcame challenges, focused on quality, and built a successful seafood brand based on hard work and dedication.
Timestamped Summary
00:00
Luke Holden and Ben Conniff founded Luke's Lobster after Luke's homesickness for authentic Maine-style lobster rolls in New York led them to partner up and start a restaurant despite their lack of experience in the industry.
05:15
Luke Holden grew up around the lobster business, working on boats and hauling traps as a teenager, while Ben Conniff initially pursued food writing in New York after college.
10:11
Ben Conniff pursued various restaurant jobs, including dishwasher and counter service, after deciding to follow his passion for the restaurant business despite initial career advice against it.
14:56
Luke Holden and Ben Conniff decided to start a lobster business together, with Luke investing his savings and Ben responding to Luke's Craigslist ad, leading to a successful partnership.
20:19
Luke Holden and Ben Conniff decided to partner up in opening a lobster business in the East Village, quickly securing a small space, remodeling it themselves, and focusing on offering the best lobster rolls while creating a team that valued customer service.
25:23
Luke Holden and Ben Conniff opened their lobster business quickly, facing tight cash flow but ultimately selling 500 lobster rolls on the first day.
30:46
Luke Holden and Ben Conniff opened the first Luke's Lobster in New York's East Village, realizing they were better at making lobster rolls than running the restaurant, facing challenges with inventory management and logistics.
35:48
Luke Holden and Ben Conniff faced challenges with inventory management and logistics when opening the first Luke's Lobster in New York, but managed to capitalize the business quickly by offering a high-quality product at an affordable price, leading to the decision to open a second location.
40:45
Luke Holden and Ben Conniff quickly opened their second store within 30 days, doubling their workload and stress, but managing to share the pressure with their team.
45:41
Luke Holden and Ben Conniff aim to build the world's most respected seafood brand by prioritizing quality, sustainability, and stakeholder theory, rather than focusing solely on expanding store count or revenue.
50:57
Luke Holden and Ben Conniff are committed to their company, Luke's Lobster, as it has become their family and they cannot imagine doing anything else, emphasizing the importance of hard work, luck, and the strength of their network in their entrepreneurial journey.
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Business