How Much Money I Make from Soft Play Centres
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- čas přidán 14. 03. 2021
- In this video I reveal how much money I make from soft play centres.
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I have been in business since I was 21 when I opened my first soft play centre. I borrowed £750,000 from 21 different lenders to make it happen. We made £1,000,000 in revenue within the first 12 months, but then it went down hill... What happened next? In this video I share all our numbers from net turnover to net profit from a few of our soft play centres so show you an example of how we managed to save the business and actually make some decent profit.
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If you’ve listened to one of my many podcasts or watched one of my videos you’ll be familiar with my passion to help business owners overcome some of their pain points.
Throughout my business journey I’ve met and helped countless entrepreneurs who:
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This is one of the most educative CZcams channels I've come across, thanks for the great job James
Superb content as ever. The number of play centres we see come and go in our line of work is crazy. Many seem to struggle with the overheads and fold. Diversifying slightly evidently pays off and all within the existing premises. Brilliant 🤩
Great video, appreciate the helpful information and your transparency 👊🏼
Great video, very rare and i am grateful to see someone with this level of business experience putting out free content for people to learn, thank you James top man!
Cheers Zac.... do you watch much of our stuff?
First time visiting channel and already hooked. I casually searched for this out of curiosity whilst in a soft play with my two boys. Absolutely love the vid and the transparent breakdowns. Immediately subbed. 😍
Hey - thanks for watching!
Amazing content James! A lot to take on board. We're adding another revenue stream to our business thanks to your advice in previous videos. I struggle with the balance of keeping capital on hand vs using it for growth/expansion, I'm sure I've missed out on lots of opportunities by being too focused on keeping capital.
I've been watching your videos since June/July last year, it's cool seeing the compounding growth of the channel.
Signing up to your university now.
Thanks Josh! We look forward to helping you in the university!
This is exceptionally great content and a great summary of key business model issues. James has a great strategic mind when it comes to this stuff.
Thank you so much!
Love this guy! Actually shares so much useful information and motivating videos. What a honest and humble guy.
Glad you like them!
Real business numbers from a real businessman. The cash flow is really interesting to see and your ideas around blending 2 complimentary businesses together is great to see as its impact on the bottom line. Is there any incentive for people with young kids to buy a subscription plan (at a discount to straight entry price) that way your business smooths out the cash flow, kinda like a Health centre model. The DL for instance charges you £125/month, then when your there you buy food, have personal trainer (Extra) etc What a great Channel and being from Southend would love to see you build Rossi brand all over the place, so many oppertunites!
never seen your chanel, but within the first 45 secs I sub'd... I like your vibe and you remind me of me, I'm an entrepreneur and I'm abt to open one of these places not in UK lol thank you for this amazing content.
This is Jimbo gold content. Loved seeing the actual numbers towards the end. 🤗 Thank you
Our pleasure Andy!
Really good, thank you, exactly the same idea i had : Opening a nursery and a soft play ;) Glad I found your content, makes a difference xx
Hope you enjoy the content
Fantastic video really surprised how little the play centre make. Great point about high barrier to entry.
Amazing James, Like looking in the mirror at when we built our leisure business. All the same learnings as you but never made it to MRS. All new leisure entrepreneurs should watch this clip. Keep it up James.
Thank you Luke, I'm pleased you like the content.
Fab video thanks for sharing. We are looking to expand soon. We are completely full with over 1000 people on our wait list currently for classes with no advertising other than our Facebook page and just started Instagram. Definitely glad we took the first leap having our own premises. Looking forward to expanding and new challenges.
Sounds fantastic
James man you’re a goat 🐐 appreciate the transparency and business help/knowledge 🏆
Great content ! Looking for to starting my own.
Great video
One day you will have 1m subscribed I am sure because you are not internet kind of businessman in fact you have shared few your real businesses
One think this background looks much better then set in office behind kind of 3 TV
That looks like too stocky background
Thanks again bro 😎
Cheers my friend!
DEFINATELY LIGHT BULB MOMENT HERE - MANY THANKS JAMES
Subbed. Thinking of opening some up in New England.
This was really interesting. I’ve got a vision for a soft play with a USP but I still don’t know how to get the money together to start it but having the nursery attached is genius! Would love to talk to you to get some advice
best videos I've watched this year
Thanks so much
Unmatched business advice on this channel
Top video, James..insightful and MRS would appear a great alternative to a defensive moat. One small question, with these massive warehouses, do you undertake special measures to slash your energy costs?
Always looking to slash energy costs!
We've just started our own business that caters to both play center, nurseries, schools and private properties and your content is perfect timing❤❤❤❤
How is it going? Is it worth it?
Liked and subscribed. Thankyou.
Great video James, recently found your channel, the best business content I have found on YT so far. I currently have small property portfolio but want to diversify a bit. I have a business idea that ties in with one of yours. Lol a longshot but is there any way I could get in touch with you and get your opinion?
Dear James, thanks for the video. Which companies would you recommend for soft play equipment? Suppliers?? Thank you.
So much value in 12 minutes
Great content as usual 👍🏽
Why a thank you!
Watching and being inspired from Pakistan!! Great stuff!
I dreamed of opening a soft paly centre when I was younger. I had no idea where to start so didn't do it. Regret it now. Some great advice there.
Thanks for watching! Have you just discovered the Channel?
@@JamesSinclairEntrepreneur Yes. Found whilst I was looking for some soft plays to visit
New sub!
Really really great content, explaining lifetime value of a customer v important. People should watch this stuff better than any book.
Stephen - thanks so much! I still love a good book too!
Great content
Informative content
Brilliant!
Your Knowledge is beautiful
You’re too kind!
I would absolutely love to open my own soft play area but i wouldn’t have an idea on where to start
Amazing video
Thanks Mark, what did you like about it?
So when you are 16-17 years old you had a few properties that you bought. How did you go about that? Is this covered in the Entrepreneur's University? How much did you spend on those properties, how much did you borrow vs how much money did you put down for deposits?
I bought my first when I was 18. I saved the deposit from working in my teen years; (15- 17) doing kids parties.
I was frugal and saved.
All is possible George, frugal and savings.
Amazing content.
Thanks so much! Have you only just found the Channel?!
@@JamesSinclairEntrepreneur No, came across your channel a few months ago.
I’m currently seeking investment to start my soft play venture in West Yorkshire. Any tips for raising capital?
How much on average would it cost to start up somthing like what you have?
Question. You said about adding a nursery to the soft play business, did you manage the nursery yourself or sublet it out?
We run it, we have 9 now
Great vid thanks. Whats with the editing its really annoying flicking constantly.
Hi Nic, sorry about that, I’ll look into it! Glad you like the content.
Nice video content ✌️
I'd like to say that now is the best Time to invest in crypto currencies for better ROI and profits in trading!
Stocks are good but crypto is better
I wanted to trade crypto but got confused with the fluctuating price
@@leorynad8678 That won't bother you if you trade with a professional like Mr Divine Johnson
I heard that he strategies are really good
What’s the extra line of income of £106k on the 2nd site please?
lOVE YA JAMES
Interesting
What happed to the Stevenage play center where did it go ?
Lease came to an end 😢😢
I have watched the video and some info are really strange: " customers coming only once a year", low opening barriers?? Firstly I doubt you had customers coming only once a year. Not with a play area. Not a chance. Low opening barrier? It's not so low with 750k capital needed.
How did you manage getting 750k in loans before you even started ?
Well I had a entertainment agency as a sole trader. I used mainly asset Finance, the assets provided the lenders security. I have to say it was stupidly expensive rates- I had no choice. I also by then had properties which Lloyds bank took as security on some of it.
@@JamesSinclairEntrepreneur ah fair enough, appreciate the response so fast 👌🏼
🙌🏽🙌🏽
fantastic free content James.
2:21 "I just knew how to get customers" What was your secret James? haha
And also at the beginning when you were starting did you do market research?
Did you know the potential size of your market?
I’ve always focused most of my time on marketing and sales.
I did do market research, I made sure I chose a town with lots of people and lots of schools. I knew the location so it made sense.
I knew 250k people lived within the town and 750k people within 20 minutes.
@@JamesSinclairEntrepreneurthank you James that is so useful for me. I hope your channel blows up!
I hope so too LOL - have you subscribed LOL?
@@JamesSinclairEntrepreneur of course since the mike winnet interview. and have watched all your videos. and listened to a couple podcasts! I'm just starting my business as we speak as have had 3 failed attempts before but I'm learning. I think I have the entrepreneurial spirit!
I don’t need more than 50 k 😂😂😂😂
So you inherited a bunch of money in your young years? You don’t buy multiple houses by 21 working as a party magician… Lucky you, I guess…
No I did not inherit a bunch of money in my young years. You can absolutely make money by age 21 if you work hard and save. I did.
First
Thanks so much James! Just for everyone on the thread to know, I live in Dubai and want(ed) to open a softplay area as I see a market for it here (especially in the summer months). However watching this has taught me so much and I am now thinking of applying some MRS! Thanks James and thanks also for replying on Instagram! Man of the people :)
Glad you found it!
Thanks for watching….. have you checked out my podcasts?
Https://podcasts.apple.com/gb/podcast/james-sinclairs-business-broadcast-podcast/id1495894637
@@JamesSinclairEntrepreneur yes I have and listened to many episodes :)