Episode Details
Back to EpisodesHe Closed His Restaurant After 10 Years: How to Know It’s Time with Peter Gunn
Description
After 10 years running one of Melbourne’s most respected restaurants, Peter Gunn made a
decision most owners struggle to make:
He closed it.
Not because the restaurant failed.
Not because the food wasn’t good enough.
Not because the guests stopped coming.
But because deep down... he knew it was time.
In this episode, Peter shares the full story behind Ides — from starting as a monthly popup,
to building a decade-long restaurant brand, to the moment he realised the business he
built was no longer the one he wanted to run.
We talk about the realities of fine dining, the pressure of constant evolution, how popups
helped build momentum before opening a permanent venue, and the honest
conversations owners need to have when a business reaches its natural end.
This is one of the most honest conversations we’ve had on the show about ownership, ego,
and knowing when to walk away.
You’ll hear:
00:00 – Introducing Peter Gunn and the story behind Ides
04:30 – Moving from New Zealand to Melbourne’s restaurant scene
07:00 – Why starting with popups is the smartest way to test a concept
13:30 – Building a loyal audience before opening a restaurant
20:00 – Marketing a restaurant before social media took off
26:00 – The danger of building a business that traps you
33:00 – Why some restaurants overspend on fit-outs
39:00 – How to build long-term staff loyalty in hospitality
48:00 – The moment Peter realised the restaurant had become too complicated
53:00 – Simplifying the menu and evolving the concept
56:00 – The honest process of deciding to close after 10 years
59:00 – What Peter is planning next
Key Takeaways
● Starting with popups can help build demand before opening a venue
● Simplicity in menus often leads to better operations and happier guests
● Long-term staff loyalty comes from respect and relationships
● Just because a restaurant is working doesn’t mean it should run forever
● Sometimes the smartest business decision is knowing when to walk away
If you’re serious about building a profitable, sustainable restaurant business, book a free
call with the Foodie Coaches team at:
foodiecoaches.com
Follow behind the scenes:
Instagram: @foodie_coaches
Instagram: @tim.kummerfeld
New episodes every Wednesday.