Ten Entertainment Group plc strikes up duo of site acquisitions

Ten Entertainment Group, one of the UK’s largest tenpin bowling companies, has agreed conditionally to acquire two further sites.

Upon completion of these latest acquisitions, the Group’s total estate will grow to 44 sites.

The sites are located in Leeds and Luton.

Once the deals are complete, Ten Entertainment Group will have added four new units to its estate in 2018.

In keeping with the standard practice, both of these units will benefit from significant investment as a result of the ‘Tenpinisation’ process, bringing the operations, systems and technology and customer experience up to the standards of the Group’s wider estate.

It has been agreed that the units will be acquired from MFA Bowl for a cash consideration of £1.3m.

Nick Basing, Chairman, commented: “These latest acquisitions are a further sign of the Group’s ability and opportunity to strengthen its strong national estate, in new markets with anticipated good rates of return on invested capital. We are happy with our performance so far this year.”