#325 Cinemas, Drive Ins, Streaming Services, and So Much More! - with Vince Guzzo
Real Estate Investing for Cash Flow with Kevin Bupp
Kevin Bupp
4.8 • 679 Ratings
🗓️ 1 June 2021
⏱️ 52 minutes
🧾️ Download transcript
Summary
Vince Guzzo is a businessman, entrepreneur, and philanthropist,
Vince is a Canadian entrepreneur who currently serves as CEO of Guzzo Cinemas, Guzzo Construction inc., Guzzo Medical, and Guzzo Hospitality.
Vince received national attention in 2018 when he joined the cast of the CBC Television business reality shows Dragons' Den as one of the investors. Additionally, Vince's group is the largest movie operator in Quebec, with 141 screens and 10 locations, and the third-largest in Canada.
Quotes:
"Movie theatres have been competing with some form of in-home entertainment for about 120 years. At the end of the day, content is king. What does that content cost you? What is your talent in storytelling?"
"The deals that I did do, whatever mistake I made, I managed to turn the mistake into a learning lesson and at the end of the day, I don't regret the bad deals. It's the ones I didn't do that I regret."
Highlights:
1:32- Vince talks about his background and how he landed in the cinema space
9:15- Vince talks about if a business owner or idea itself is more important
11:46- Vince shares how COVID has impacted the cinema business
14:47- Vince talks about design changes prompted by COVID
19:08- Vince shares if cinemas have a plan to get people comfortable and excited for theatres again
26:27- Vince talks about how malls are doing in Canada and how that impacts cinemas
33:00- Vince talks about how streaming services have impacted the cinema industry
44:28- Vince shares his most challenging deal and what he learned from it
Guest Website:
Transcript
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| 0:00.0 | You've been searching for the best way to generate passive income in your life |
| 0:06.6 | and heard that real estate is a great way to do it. |
| 0:09.4 | But you're tired of all the so-called gurus who are all talk and no substance. |
| 0:15.3 | Get ready to celebrate because Kevin Bup has spent 14 years successfully making it happen. |
| 0:21.6 | This is the Real Estate Investing for Cash Flow podcast. |
| 0:25.2 | Now, here's Kevin Bup. |
| 0:30.4 | Hey guys, Kevin Bup here, and I want to welcome you to another episode of the Real Estate |
| 0:34.1 | Investing for Cashflow podcast. |
| 0:36.1 | Our mission is to help you build and maintain |
| 0:37.8 | massive amounts of cash flow through income producing real estate investments. |
| 0:42.5 | Our guest to this week's show is businessman, entrepreneur, and philanthropist Vince |
| 0:46.4 | Guzo. Now, Vince is a Canadian entrepreneur who currently serves as CEO of Guzo Cinemas, |
| 0:51.7 | Guzo Construction, and Guzo Medical and Guzo Hospitality. Vince received |
| 0:55.7 | national attention in 2018 when he joined the cast of CBC, CBC Television Business Reality Series, |
| 1:02.1 | Dragons Den, as well in the investors. Additionally, Vince's group is the largest movie operator in Quebec, |
| 1:08.1 | with 141 screens and 10 locations in the third largest in Canada. |
| 1:13.4 | And so with that, guys, I'm excited to welcome Mr. Vince Guzo to the show. Vince, how you doing |
| 1:17.8 | today? I'm all right, yourself? I'm doing fantastic. Life is beautiful. I'm breathing. I'm living. |
| 1:22.9 | We're here together. So life is good, my friend. So excited to have here, as I mentioned to you, |
| 1:29.2 | of all the 500 plus shows that we've done here over the last seven years of doing this podcast um you will be the first |
| 1:34.9 | to to come on that that you has the background experience and a scale day significant size |
| 1:40.5 | cinema theater company so very excited to talk about that niche, that industry. And obviously, |
... |
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