Yesterday the Hollywood Bowl Group results for the year ended September 30 were released and it heralded a record year of investment in its portfolio and record revenues.
The largest bowling operator in the UK and Canada, Hollywood Bowl showed revenues up 7.1 per cent from £215.1m to £230.4m and adjusted EBITDA up 4.3 per cent from £64.9m to £67.7m. Adjusted profit after tax, however, fell 11.8 per cent from £36.6m to £32.3m.
The fall in profits was put down to the £5.3m impairment relating to mini-golf centres in the year.
The group now has 72 venues in the UK, with 10 refurbished in the year and four new centres added - Dundee, Lincoln, Westwood Cross in Kent and Colchester.
The group also noted that it had installed solar panels at three more venues in the year, bringing the total with panels up to 30.
In Canada, Hollywood Bowl has 13 centres, with two of them having undergone refurbishment and four new centres added, including a first custom-built development at Waterloo, Ontario.
Stephen Burns, CEO, commented: “Following a year of record levels of investment, our proven growth strategy continues to deliver strong returns.
"Bowling is unique in its ability to appeal to a wide demographic with anyone able to take part and we are confident in the ongoing strong demand for fun and inclusive family-friendly experiences at an affordable price.
"The outlook remains positive as we continue to expand and innovate in the UK and seize the significant market opportunity in Canada."
