Company Research Report: Bowlero Corporation

Company Overview

• Name: Bowlero Corporation

• Mission: "We strive to be a world-class provider of delightful guest experiences, and to provide a dynamic work environment where talented and ambitious associates will thrive."

• Founded: In 1997 by entrepreneur Tom Shannon, who purchased the original Bowlmor Lanes and revolutionized the bowling industry.

• Key People:

• Thomas Shannon: Founder and CEO

• No additional key personnel information available.

• Headquarters: 222 West 44th Street, New York, New York 10036

• Number of Employees: Approximately 8,100+

• Revenue: Record revenue of $316 million (reported in recent press release)

• Known For: The world’s largest owner and operator of bowling entertainment centers, renowned for delivering a unique bowling and entertainment experience across its approximately 350 locations in North America. Additionally, Bowlero owns the Professional Bowlers Association (PBA).

Products

• Bowling Centers: Bowlero Corporation offers a collection of bowling centers under three major brands: Bowlero, Bowlmor Lanes, and AMF.

• Bowlero: Represents a retro-inspired bowling experience with features like blacklight lanes, interactive arcade games, signature cocktails, and an oversized menu, aiming to provide an epic fun entertainment atmosphere.

• Bowlmor Lanes: Known for upscale bowling with nightclub-inspired décor combining blacklight lanes, arcade games, inventive menus, and signature cocktails.

• AMF Bowling Centers: A salute to classic bowling experiences, catering to family-friendly recreational fun and league bowling with a modern twist.

Recent Developments

• Acquisitions and Expansions:

• In May 2023, Bowlero announced an agreement to acquire Lucky Strike Entertainment, LLC, valued at approximately $90 million.

• On May 19, 2023, Bowlero completed the acquisition of Andy B’s, marking the company’s first entry into Tennessee.

• Bowlero announced another acquisition involving Bowl America Incorporated to expand its portfolio.

• Financial Milestones: Bowlero reported a record-breaking revenue of $316 million recently, emphasizing strong event performance and retail growth.

• Corporate Developments:

• In 2019, Bowlero acquired the Professional Bowlers Association (PBA) to further its influence in the sport of bowling and enhance its broadcasting presence through partnerships with FOX Sports.

In summary, Bowlero Corporation continues to expand its reach and influence in the bowling entertainment industry through strategic acquisitions, brand innovation, and operational excellence, while upholding a mission to deliver exemplary guest and employee experiences.