Ten Entertainment acquires new site

Ten Entertainment acquires new site

Ten Entertainment Group (TEG) is focused on expansion plans. It’s planning to acquire up to four sites during the current financial year from independent operators, and has already made its first purchase post-period-end. The tenpin bowling group acquired a site in Southport for £1.4m, and chief executive Duncan Garrood expects to spend around £250,000 on refurbishing the location to the company’s standards and branding. Mr Garrood said this and other acquisitions would be paid for with internally generated cash and that the company is considering buying retail space and building new locations “from scratch”.

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