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Additionally, the property boasted a large yard at the back, a rare asset in commercial real estate. This yard could provide Tom's Ice Cream and other operations with essential storage, and possibly room for expansion in the future. The combination of controlling the entire site and the unique attributes of the property made this deal too attractive to pass on, despite the timing not being ideal for Sinclair.
The Criteria for Success
Sinclair articulated a clear set of criteria he considers vital when looking for potential business acquisitions. He believes in targeting businesses with:
- Over £1 Million in Revenue: This threshold is crucial as stronger revenue streams often yield more excitement and ease of management.