We’re excited to share we’ve completed our acquisition of Thunderbowl Lanes in Michigan! Located in Allen Park, the 90-lane center marks our sixth location in the state.
Having been a Manager at Brunswick recreation back in the day I am amazed at the growth and investment Bowlero continues to make. I have visited centers in several states and have been impressed.
There's a reason Hounds Town USA Town is a top-ranked franchise! If you want actual data to guide your 2024 roadmap and the insights to provide world-class support to your franchisees (not to mention, sell more franchises), FBR can get it to you within 30 days. Take a look at it can do for you: https://lnkd.in/eHSmFA4v#datadriven#topfranchise
CEO & Cultural Co Founder at Houndstown USA
Eggnog Connoisseur and 80's Music Trivia expert
Annual Planning!!!!
At Hounds Town USA we bring in our advisory team to get their feedback before headquarters even starts our annual planning! As well as other feedback loops such as, but not limited to, our Franchise Business Review annual survey, this information helps us create a more transparent strategic plan for next year.
Thank you Steven Garibell Johanna Evans, Ph.D., MBA @jennifer felix, @leslie bottesch for spending a weekend helping make Houndstown a better company.
Happy birthday to the new 𝗦𝗜𝗫 𝗙𝗟𝗔𝗚𝗦 𝗘𝗡𝗧𝗘𝗥𝗧𝗔𝗜𝗡𝗠𝗘𝗡𝗧 𝗖𝗢𝗥𝗣𝗢𝗥𝗔𝗧𝗜𝗢𝗡!
The merger between Six Flags and Cedar Fair Entertainment Company is complete and these companies are now one 🤝
Let's review why they did this:
🌍 𝗗𝗶𝘃𝗲𝗿𝘀𝗶𝗳𝗶𝗲𝗱 𝗙𝗼𝗼𝘁𝗽𝗿𝗶𝗻𝘁: The more parks you have spread out across the country, the better you'll be able to deal with bad weather. If it's raining in California all month, your Mid-West parks can pick up the slack.
No single geography expected to contribute greater than 30% of park-level profits.
💸 𝗖𝗼𝘀𝘁 𝗦𝗮𝘃𝗶𝗻𝗴𝘀: When a company combines corporate offices, they are able to snip a lot of redundant costs (read: layoffs 😥). The company is expecting to save $120M over the first two years.
This shaves about $66M from corporate, $24M from Sourcing, Advertising, & IT, and $30M from "operational efficiencies" (nice and vague on that last one).
📈 𝗣𝗿𝗼𝗳𝗶𝘁 𝗚𝗿𝗼𝘄𝘁𝗵: The company is pointing to specific initiatives that will drive $80M in profit growth over 3-years (long horizon there).
$40M will come from a new combined season pass program and optimized Fast Pass (not sure what the last one means).
$40M will come from improved F&B and Merch offerings (Cedar doing a lot of this now) and utilizing the combined IP of DC Comics, Snoopy, and Charlie Brown (maybe this is a merch play).
This is a huge day for the industry and exciting times for a nerd like me.
While it's only day one and we have a few years till the integration is fully realized, I'm excited to see what this will bring!
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🎢 Want to learn more about the business of theme parks? Give me a follow Tay Mauro#themeparks#cedarfair#sixflags
Today marks a significant milestone in the amusement park industry – Cedar Fair and Six Flags have completed our merger and we’re moving forward as one company under the Six Flags name. We look forward to welcoming you to one of our 42 parks in the US, Mexico and Canada! Click here https://lnkd.in/gENYuuPX to learn more!
Absolutely LOVE how 2024 is turning into the year of women’s sports.
Here are just a few highlights thus far:
1. The Women’s March Madness Final Four game between Iowa and UConn had the largest audience of any basketball game in ESPN history.
2. The Ladies Professional Golf Association (LPGA) has 1,100 sponsorship deals, creating a 25% increase from previous years.
3. At the end of 2023, the National Women's Soccer League (NWSL) secured a $240 million domestic TV sponsorship deal with CBS, ESPN, Amazon, and Scipps. This deal is 40 times larger than previous agreement.
4. According to financial analysts at Deloitte, elite women’s sports will generate $1.28 billion in 2024 - this is an increase of 300% from three years ago.
5. Selfish plug - Dallas is now going to have a professional women’s soccer team called Dallas Trinity FC and they will be playing in the Cotton Bowl Stadium! (Season Membership Deposit secured)
I’m very excited to continue to see the growth in women’s sports and to see how these elite athletes are impacting the next generation.
#EqualPay#CaitlinClark#DallasTrinityFC#Gatorade#LPGA#NWSL
The next Wealth & Whiskey Real Estate meetup is tonight at 6:00pm, hope to see you there!
We will meet at Torchy's Tacos at 17627 La Cantera Pkwy #105 · San Antonio, TX.
Come out and network with other like-minded individuals looking to build their wealth in real estate!
Link to signup will be in the comments.
#buildingwealth#realestateinvesting#generationalwealth
The next Wealth & Whiskey Real Estate meetup is this Wednesday the 8th, hope to see you there!
We will meet at Torchy's Tacos at 17627 La Cantera Pkwy #105 · San Antonio, TX.
Come out and network with other like-minded individuals looking to build their wealth in real estate!
Link to signup will be in the comments.
#buildingwealth#realestateinvesting#generationalwealth
Account Executive-Strategic Partnerships at Swire Coca-Cola, USA
2wHaving been a Manager at Brunswick recreation back in the day I am amazed at the growth and investment Bowlero continues to make. I have visited centers in several states and have been impressed.