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Published on: 21/03/2019 07:29 AMReported by: roving-eye
Bowling alley operator Ten Entertainment Group has conditionally agreed to acquire an existing site in Southport.
Completion of the agreed deal is subject to the landlord entering a licence with the seller to assign the site and obtain a deed of variation on the lease.
The move means its estate is 44-strong.
Chief executive Duncan Garrood said: "The site in Southport is a well-established centre in an excellent location. This addition is further evidence of the group's ability to successfully execute its strategy as it continues to grow the estate through selective acquisition and by driving organic growth."
Elsewhere, the company has reported revenues of £76.4m for the year to 30 December 2018, up from £71m 12 months earlier.
Pre-tax profits were £10.7m, up from £7.3m.
Chairman Nick Basing said: "Our simple two-pronged strategy of investing in driving organic growth and developing scale benefits through high returning acquisitions is proving increasingly successful.
"Despite the political and economic uncertainty currently, we are well placed to enjoy the latent consumer demand for our unique brand of experiential leisure across the country."
Garrood added that the company's latest financial year has "begun in line with expectations".
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