Listed in April 2017 with a reorganized corporate structure, and led by a high-calibre operating team, Ten Entertainment Group (LON:TEG) has developed a highly cash-generative business model that signals further growth prospects. By combining its operating formula with an integrated technology platform, TEG has set itself apart from competitors. With effective inward capital investment and its ‘Tenpinisation’ model, growth looks set to continue, and forecasts indicate a substantial increase in profit in FY17 and FY18.
Operating formula and enhanced technology
Ten Entertainment Group, currently the second largest ten-pin bowling operator in the UK, has embraced an operating formula that extends the bowling experience by offering a broader entertainment, family-focused customer proposition. We believe that this is a key contributor to the recent market outperformance and increased market share. The operational model is complemented by the fully integrated technology platform, which facilitates site integration and contributes consistency of service, yield management and monitoring of KPIs. This platform acts as a further differentiator, driving asset utilisation, participation and spend per head.
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