Bowling company Ten Pin is confident its updated sites and new technology can strike through a cooling in consumer confidence, writes Bradley Gerrard.
Alan Hand, the chief executive, said he had not witnessed a curtailing in consumer spending, a more prominent worry on the back of strong inflation.
He said his decision to “put family entertainment at the heart of what we do” would mean customers kept coming through the doors. Less than half of the company’s business actually comes from bowling, with the remainder from food and machines, such as air hockey tables. A new system is also being trialled that has reduced game stoppages due to faulty equipment from once every 223 games to as little as once every 1,800 games.
Mr Hand was also confident about managing costs, citing a recent successful renegotiation of its lease in Maidenhead for £100,000 a year, which he said was a “good saving”. He said landlords of retail parks were keen to host businesses like his for the footfall they attract. A potential 60 sites would meet its acquisition criteria but it will only grow by 2-4 per year.
New technology has reduced the number of game stoppages
Alan Hand Chief executive