I Bought a Chain of Coffee Shops - Week In The Life of a Business Owner

In this episode we go behind the scenes on a new business I bought, a chain of coffee shops! We visit some sites and learn where we need to improve. This a week in the life of a business owner.

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Who am I?
My name is James Sinclair and I'm the founder and CEO of The Partyman Group of Companies. I started building my business when I was just 16 as a family entertainer after that I built up an entertainment agency, then moved into building a leisure and day nursery businesses. Today we operate a £30 million business which includes leisure, childcare, outdoor attractions, commercial property, arts and crafts manufacturing as well as one of the UK’s oldest Ice cream companies; The Rossi Ice Cream Company.

⌚️Timestamps:

#business #entrepreneur #businessowner

[stuartbuxton]

Mate, it's so refreshing that you ask the staff, "what's wrong"?? So many managers/ directors think they know more than the staff on the floor. Good work!

[markanthonyharrison]

Brilliant advice.
I rented a shop near to where I live and not only did I pay a rent deposit, I also had to sign up to a dilapidation clause which meant after I exercised my break clause after 3 years (but 9 months of me paying no rent as I had cancer and had to close the business), I had to repaint the whole shop and put new flooring in. I was so naive.
However, even worse was the personal guarantee I had to give…it nearly wiped me out.

[Tabac-en-paris]

First: as usual nobody comes close to how informative and instructional James is with this content - real practical detail on the pitfalls of dealing with business leases. So many people end up in trouble with these especially as new businesses. Secondly: yeah the location is too quiet - you can make and improve as much as you like but if there is no footfall it simply won’t work. Agree that the destination store in central London could be the strategy, although the maths will look frightening!

[chrisdavies]

It would be a struggle to turn that shop round
Not enough footfall
Costa left for one reason
This channel is fantastic and what a inspiration you are
Your like a machine just keep going and going with new ventures
I wish I had half your motivation 👍

[CraigsAllotment]

Hi, just to say a quick thanks for your content!

3 years ago I set up a commercial floor cleaning business as a so called side hustle. Fast forward a couple of years and my job became the side hustle and at the end of September I'm actually about to meet my lifelong ambition and sack my boss!!!

I intend on putting out some content with my niche being about the diary of a small business owner. Your content has been very inspiring since I discovered it a year or so ago.

Anyway, have a great week and thanks again.

[kafakir]

thanks James for sharing your business activities and how you deal with workloads etc etc
No one else does what you do, transparent, helping us understand and gain experience

[dylankirton]

I've revived a pizzeria, started a burger take-out and I'm busy with a Cafe start-up at the moment - what you've said is so relatable!

I'd take the store but try to beat them down on the rental a little, you can leverage a site like that over the long term.

[messagesfromlife]

Best and most authentic entrepreneur - i slways wished for a channel like this. So glad I found you.

ps. I sent you an e-mail regarding meals for day nurseries. I think that would fold nicely into your empire

[LukeWilsonACA]

Just came across your channel. Great insight into how you run an actual business. It is so important to fully understand the lease. Think you done a great job in explaining it. Hope the coffee shops are a success.

[RoadRunnerMeep]

I'm binge watching your content, it's so refreshing and addictive to get ideas from. So much transparancy

[nickjerrat]

This was great content, please keep the walk and talk and site visits coming

[JayTG]

Another great video James !

Gut instinct kicked in as soon as you were stood outside the train station looking over at the old Costa… big no no. Too much traffic, not enough footfall.

[matty]

Really enjoyed this episode, very informative.

[LHarris]

The strategy of actually going into the shops and asking the people there why it's not performing well is mind-blowingly overlooked by most businesses. Great move. Amazing how you instantly get right down to the crux of the issues if you just ask the people that ought to be familiar with them?? 😂 Others need to learn here!

[Ben_conduit]

Definitely not a good shop to rent out, no foot fall and no parking, also very expensive. That would be a no if it was me. Great video as always mate, keep it up man!! 🔥🔥

[steveharman]

Great changes to come James..will be in Rossi westcliff at the weekend...brand loyalty is we have not ever eaten in any other place along that front.!

[bossdeman]

That was sound genuine advise James ! Thanks !!

[clivejefferies]

Thanks for sharing your work. Fascinating to watch.

[CATSCATS]

You are so nice and well spoken with people. If someone is brash and harsh....I immediately switch off...if they are like you I cannot help enough.

[robbit]

I was impressed how u stopped video to explain legal jargon. Im hooked now what else i can learn from you😅🎉