James, I make the time to listen to your videos because you are upfront with figures and tell us broadly how you structure deals. Priceless
@JamesSinclairEntrepreneur6 ай бұрын
Thanks Chris, hope to see you at Podcast LIVE. Team Sinclair
@flasha4236 ай бұрын
You should look into Maddison Heights in Maldon, its a seriously underutilised building that's been a bit of a rubbish place for a good few years now but unlimited potential
@JimmieRabbitz6 ай бұрын
We go Rollacity quite regularly. I'm over 50 and I take my Daughter and her friends. Maybe check out what Flippers has on offer to attract people from further out. You definitely need a proper DJ, it's not just about the skating.
@nataliewilson97266 ай бұрын
We need Andy to DJ everyday!
@Paul_Allaker84506 ай бұрын
YTs algorithm threw your channel at me and I've subscribed, it's rare to meet a wealthy individual these days thay doesn't just sit there boasting of how successful they are, you seem to come across as very down to earth and genuine. Loads of business insight and enthusiasm, glad I found your channel. 👍🏻
@entrepreneurpodcastclub6 ай бұрын
Many congratulations on your purchase. Real good gems in this video. Thank you for sharing.
@jordskates7 ай бұрын
It would be my dream to have a roller skate rink business some day. Having a physical location too would be even better, but unless I won the lottery, highly unlikely, will still keep the thought alive in the dream though!
@JamesSinclairEntrepreneur6 ай бұрын
Thanks Jordskates8791, hope to see you at Podcast LIVE. Team Sinclair
@TheChodax2 ай бұрын
Great video, all the very best with the new business, loads of potential there.
@Shetlanddavid7 ай бұрын
Cant wait to see the next business purchase!
@JamesSinclairEntrepreneur6 ай бұрын
You won't need to wait too long David! hope to see you at Podcast LIVE. Team Sinclair
@steveharman89077 ай бұрын
Loving all your additions James....now I can increase our customer relationship when we take the grandchildren out....last time we had a day at Marsh farm, coffees in cookies and cream in Leigh, then went down to westcliff and ate at Rossi, my favourite.! See you there soon.!
@JamesSinclairEntrepreneur6 ай бұрын
Great work Steve! hope to see you at Podcast LIVE next!!. Team Sinclair
@Lee_Essex6 ай бұрын
I like your transparency. Nice video. I remember having my 10th birthday party at Roller City in 1992, good times.
@Every_Trade7 ай бұрын
Great content with lots of transparency as per usual. The vendor finance play is so obvious but sometimes I find it hard to pitch to business owners, they just think they’re paying us to buy their business. Great video
@neilyoung3207 ай бұрын
Where did the comment with 19 responses go? It was a healthy debate imho.
@unicornopia6 ай бұрын
The debate about what, please? I'm genuinely curious here
@neilyoung3206 ай бұрын
@@unicornopia About how much was owed by the group of companies to the banks and the risk of interest rates, etc in the future: Effectively how rich James really is. It was also about how the banks were possibly the biggest benefactors of the businesses due to the loans they had (after the taxman). My thoughts are that whilst the tax man and the banks are probably doing well out of this, so is James Sinclair and his employees too. James seems comfortable with the risks he is taking and wouldn't be where he is now without taking those risks.
@Drew2627 ай бұрын
I was waiting for this one 😎 I think the one thing you missed out, was chimney pots and access (unless I missed that, was reading leases as it was playing). Its no good having a niche business like this, if you don't have the chimney pots, and easy access for nearby towns. For example, would you have bought it, if it was where Fort Fun is in Eastbourne? Probably not, as road access to nearby towns is rubbish, and not enough chimney pots.. But Rochford, on the edge of Southend / London, with loads of chimneys, it can bring in the people.
@adder22046 ай бұрын
One thing to note that I was disappointed you didn't state as I believe this is obvious. You can and probably will become your own supplier to your Roller Park business. I am sure you would sell plenty of ice creams to hot and sweaty people. Let alone all the other confectionaries you have.
@readmycomment31577 ай бұрын
Brilliant video James. Thank you for sharing your wisdom yet again.
@JamesSinclairEntrepreneur6 ай бұрын
Thank you Readmycomment3157, hope to see you at Podcast LIVE. Team Sinclair
@StephanLivera7 ай бұрын
Thanks for continually sharing so much great insight into your entrepreneurial ventures James. It's really compelling and inspirational.
@JamesSinclairEntrepreneur6 ай бұрын
Thanks Stephan, hope to see you at Podcast LIVE. Team Sinclair
@GlitchVR6 ай бұрын
@@JamesSinclairEntrepreneur also he careful with this comment over and over KZbin might see it as spam
@brianiswrong6 ай бұрын
It seems a very good business plan. Roller skaters want to eat and drink (lovely fit with exiisting business's ) Owning bricks and mortar,so if it goes tits up, you still have the building to rent/ sell
@daedalusrho7 ай бұрын
I think there's great potential to take roller skating a bit upscale - a lot of rinks have been run down over the years and cut back on their offer. There's increasing demand for both adult and child lessons and more grown-up nighttime events. And then there's roller derby, which has its own vibrant and growing scene - many teams struggle for good venues so someone catering to them could become a hub for UK and European tournaments. Rollerworld in Derby seem to have a good model, with skating games, a decent café and a bar. Their main sessions get really busy and that's with a facility that isn't as good as the one you have here.
@hairyshowgirl6 ай бұрын
Also look at Flippers rink in London. It’s part owned by Usher who brought roller skating to the Super Bowl show this year. Skating is getting more and more popular, what’s needed is more investment in rinks; Flippers is often sold out as they have great DJs, great food and brilliant marketing. The place is an absolute vibe.
@mumsie-uk2it6 ай бұрын
I love the KZbin algorithm. I have no idea why it showed me this video, but im so glad it did. I live down the road in Leigh and used to go here as a kid. James seems like a nice dude. Now that I'm 48, I promise not to hang about outside smoking with my cheeky gang of ne'er-do-wells.
@GlitchVR7 ай бұрын
videos getting just better and better!
@JamesSinclairEntrepreneur6 ай бұрын
Thanks GlitchVR, hope to see you at Podcast LIVE. Team Sinclair
@GlitchVR6 ай бұрын
@@JamesSinclairEntrepreneur already got my ticket and booked into be on the podcast on the 9th!
@johnbuckley15337 ай бұрын
Brilliant, great strategy. The commercial opportunity of consolidation.
@HenryAnderson_7 ай бұрын
Any chance you could leverage the location, rebirth the potential idea of an ice cream factory tour? Smaller risk with infrastructure in place, car parking, FOH facilities at roller city.
@MrTj1456 ай бұрын
James, when you supply the other businesses from the warehouse how do you apportion the stock. Is it synced with something like quick books/xero?
@6c617 ай бұрын
Thanks for the video James, really interesting, shame we didn't get to see you skating and falling over :)
@tomroguk7 ай бұрын
Another really interesting video! Thanks James
@JamesSinclairEntrepreneur6 ай бұрын
Thanks tomroguk, hope to see you at Podcast LIVE. Team Sinclair
@BagofRust5 ай бұрын
Fairplay James, you have your head screwed on. Would love to know what your first business venture was and how you made your money to develop the rest of your companies.
@JamesSinclairEntrepreneur5 ай бұрын
I was a kids entertainer when I was 16, then started an agency for entertainment, then started a event prop hire company, then set up play centres, then nursery’s and the rest is history. Hope that helps.
@BagofRust5 ай бұрын
@@JamesSinclairEntrepreneur thanks James, wishing you all the best. You have earned it, obviously worked hard. There is no substitute for hard work when your trying to build your own business, as sometimes only you know how to achieve it. Now you have earned enough to build an empire, you will be successful in every business because you have started at the bottom and worked your way to the top.
@ifcukin8mufc1686 ай бұрын
Great video .. Very inspirational .. Keep it up .!
@lukegrove32826 ай бұрын
Love his Energy
@lewisaforlogistics6 ай бұрын
Love this James !!
@TakeElite6 ай бұрын
Have you considered to convert this in a bouldering climbing? There is so much upsell then just renting Roller skating ( And in bouldering there is also shoes renting) and it seems more easier for a total beginner to try bouldering than roller skating, and it is an activity with growing popularity, but I know it demands invest to transform this
@JamesSinclairEntrepreneur6 ай бұрын
Great idea TakeElite, something worth considering for sure, hope to see you at Podcast LIVE. Team Sinclair
@WintuhLiving7 ай бұрын
This is such good content James.
@JamesSinclairEntrepreneur6 ай бұрын
Thanks WintuhLiving , hope to see you at Podcast LIVE. Team Sinclair
@godisgood7897 ай бұрын
WOW GREAT CHESS MOVE! FANTASTIC!!! 😂👍
@sergiocarneiro24786 ай бұрын
Bro’s playing real life monopoly. Congrats man!
@realcorkdan7 ай бұрын
super video and great breakdown…
@craig-robinson7 ай бұрын
Great video James
@Unknown-pt7xe7 ай бұрын
Best of luck mate. Not sure about this one at all personally.
@mememajor23467 ай бұрын
This was a good watch
@cleggydadon6 ай бұрын
the best business would be something 24/7 open and for everyone
@3.7Million6 ай бұрын
Like what? Convenient store ? Or gas station?
@cleggydadon6 ай бұрын
gas station is a good one @@3.7Million
@Tunsgate1237 ай бұрын
Fill the roof with solar
@gwenyngruffydd7 ай бұрын
Great video! And a great buy! Definitely future proofs your operation. Not sure it’s a good choice for podcast because of the seagulls! 😜 maybe you could build a sound proof podcast studio in there somewhere so you can keep the cool view but not have the seagull noise.
@danielkimbo9017 ай бұрын
Could you have a 100% hire fee but then offer free use of the ring
@BFactah7 ай бұрын
Great educational content mate. Cheers.
@JamesSinclairEntrepreneur6 ай бұрын
thanks BFactah, hope to see you at Podcast LIVE. Team Sinclair
@garywhite22017 ай бұрын
Really good video James. Professional and informal at the same time as ever
@JamesSinclairEntrepreneur6 ай бұрын
Thanks Gary, hope to see you at Podcast LIVE. Team Sinclair
@preprodpost7 ай бұрын
WTF - What are the odss that I found you as I just started roller skating
@bradpearse51717 ай бұрын
Brilliant video mate, very well done and very informative…..Top Notch👍🤓
@JamesSinclairEntrepreneur6 ай бұрын
Thanks Brad, hope to see you at Podcast LIVE. Team Sinclair
@alastairwhite16077 ай бұрын
These videos keep getting better and better! Keep up the excellent work guys 😊
@mikemike59737 ай бұрын
Very few people can be so open absolutly great info
@JamesSinclairEntrepreneur6 ай бұрын
thanks Mike, hope to see you at Podcast LIVE. Team Sinclair
@JG-fg1ye6 ай бұрын
Can only imagine what the liability insurance is on this !
@benjohnsmith7 ай бұрын
Another belter James - so informative
@JamesSinclairEntrepreneur6 ай бұрын
Thanks Ben, hope to see you at Podcast LIVE. Team Sinclair
@ORC4097 ай бұрын
I recently found your content. I really like it! Over 200 people a day in this place? That's amazing, whats the sq ft?
@stuartgriffiths3056 ай бұрын
I'd deffo have 9 pound rental 1 pound entry
@Professional_Youtube_Commenter7 ай бұрын
James, you are an example of why UK business is shit and just not worth while any more. In order for you to be profitable you have to own so many different businesses to compliment each other and to vertically integrate everything so you get a decent margin. Most normall business owners just want 1 business that they want to own and master. they dont want a 50 businesses just so they can become a success. The taxes and running costs of business is just too damn high. You either have to bootstrap your business and have a home based business from a shed or spare room in the house (where you have no business rent or rates) and you can make yourself a modest living. Or you have to become an entreprenuer where you have multiple businesses operaring hands free to get by.
@onlineo22637 ай бұрын
This is not true. I know many people who are successful enough just owning one business. Got a friend who had an engineering company he started from scratch. He was making £100k per year but sold out for £5m after 10 years. Got a friend who owns an import business that makes £5-10m per year. Got a friend who owns a music school, earns £100k per year. He sold it then took 2 years off and started another one earning the slightly more. I also have many friends who have property businesses, be it student lettings, hmos, buy to let, commercial properties and development. They are all still thriving.
@WintuhLiving7 ай бұрын
Username checks out 😂
@Professional_Youtube_Commenter7 ай бұрын
@@onlineo2263 I love how all your friends earn neat 100K and £5, £10M in 10 years. It's very interesting how your friends incomes are neat and all use the same figures. hahaha.
@thedappercook7 ай бұрын
Lol user name checkouts hahaha what a numpty. This is so untrue and spoken like someone who has never run a business.
@ISCREAM.STORE16 ай бұрын
"Giant"? Its tiny..... I don't skate there because its too small lol, nice place but it's like sardines
@DH-zp7bc7 ай бұрын
Weaving a new basket.
@exploit2227 ай бұрын
i think you are Skating on thin ice with this business
@chrisdalton98497 ай бұрын
Very droll
@Deepfocus02287 ай бұрын
Great content , James ,Africa is watching you!
@JamesSinclairEntrepreneur7 ай бұрын
Hello Africa!
@fire-works7 ай бұрын
James - If you won £10m on lotto. Would you bother doing any of this?
@JamesSinclairEntrepreneur7 ай бұрын
Absolutely I would carry on; I’d hate to win the lotto and to that point I have never bought a lotto ticket in my life. You’d feel like everything you’ve got you hadn’t made yourself.
@johnobrien83987 ай бұрын
It’s going to be a block of flats soon
@ololiver926 ай бұрын
Shouldn't you pass the VAT saving onto the children when they hire the roller skates? Surely that's why there's no VAT on it.
@JamesSinclairEntrepreneur6 ай бұрын
I see it as this….. so you can stay in business. Most companies in leisure are going bust at a rate of knocks. Turnover taxes ( vat and business rates ) are killing our high streets and hospitality trade in this country; they need this so they can continue to trade . I really believe the gains are picked up by actually having it in the community rather than not. If we didn’t have this it would mean you would t bother doing it and you’d just become a warehouse doing distribution. In addition the profit the business makes is then picked up in corporation tax
@alankeane40597 ай бұрын
These videos are much better than the podcast videos
@RJAH3556 ай бұрын
If it’s makes 1.4 million a year and you paid 2.6 for it. I think it’s pretty obvious why you bought it. 2 years and you’ve got your money back.
@JamesSinclairEntrepreneur6 ай бұрын
It turns 1.4m doesn’t make that in profit.
@richardgreen76216 ай бұрын
If ever covid came back your business portfolio would be in the shit
@JamesSinclairEntrepreneur6 ай бұрын
I don’t think so. We traded so well in Covid. Yes in lockdowns it was rubbish but our childcare and rental operations soared.
@richardgreen76216 ай бұрын
@@JamesSinclairEntrepreneurquick reply fairplay. That's good news 👍
@joegee90186 ай бұрын
These comments are not real people
@JamesSinclairEntrepreneur6 ай бұрын
Yeah ok mate.
@mark106017 ай бұрын
Do people still go roller skating ?.. can’t help thinking it’s a 1970’s Disco Stu thing
@heathermeyer78637 ай бұрын
You have no idea. Rollerskating is having such a revival. Every rink I've been to recently has been packed. Last time we went, the queue took 40 minutes and the people behind us didn't get in because the rink was at capacity.
@joegee90186 ай бұрын
Scammer
@samwellgent52217 ай бұрын
Then can I have a job? With all your businesses, I can assure you won’t find better workers than your audience.
@thedappercook7 ай бұрын
Highly unlikely in 2024 sadly many don't wish to put in the hours required at the required rate and cry wolf the moment anyone says anything to them that's authoritive. If ya keen though why not apply? His details are here.
@samwellgent52216 ай бұрын
@@thedappercook I agree, unfortunately. Perhaps, but my hours go into my very small business. Only a reply would have spurred the energy to appreciate the worth in doing so. Otherwise best to keep focused, stay well my friend.
@thedappercook6 ай бұрын
@@samwellgent5221 onya mate. Dual business owner here so I can relate. Fortunately I adore what I do so I can't wait everyday to get stuck in.
@ShapeyFiend7 ай бұрын
It's important to invest in your podcast backdrop. Greenscreen just isn't the same.
@joegee90186 ай бұрын
Defo something weird about him .Allways kids business
@brianiswrong6 ай бұрын
Not really Kids need ms/ dads/ grandparents/ guardians to take them to these places and it's the grown ups that spend good money.